< The 2016 Trading Technology 40

2016-03-trading-tech-40-manoj-narang.jpg

26
Manoj Narang
Chief Executive Officer
Mana Partners
Last year: 29

After Tradeworx founder and former CEO Manoj Narang left the Red Bank, New Jersey–based high frequency trading firm in January 2015 following a disagreement with its board over strategic direction, he devoted a lot of time to something he’s enjoyed since he was a math and computer science major at Massachusetts Institute of Technology in the late 1980s: software development. “I wrote a lot of code this past year,” says Narang, 46, who designed all of Tradeworx’s hedge fund strategies during his 16 years at the firm. For his next act he has teamed up with former Goldman Sachs Group colleague John Holena to launch financial technology incubator and quantitative trading firm Mana Partners. Narang is building on his success at Tradeworx, which commercialized its matching engine and research infrastructure through its Thesys Technologies affiliate. “I would like to take that experiment, which went very well, and fully embrace the notion that you can take intellectual property and incubate it with multiple business models,” he says. New York–based Mana Partners will develop technology and trading strategies for its own use and then build products and services around them. Initially, the firm is focused on options-trading strategies, especially those with a positive exposure to volatility, which Narang expects to be elevated for extended periods in the next decade. “I feel that the options market is a prime area to better service traders in terms of bringing tools and products into the marketplace,” he says. Mana Partners will be developing analytical decision support tools for both the stock and options markets, including next-generation transaction cost analysis tools that will help equity investors estimate their market impact and better understand market microstructure.

 

 
2016 Trading Technology 40


2016-03-trading-tech-40-ray-tiernery-thumb.png
1. Raymond Tierney III
Bloomberg

2016-03-trading-tech-40-richard-prager-thumb.png
2. Richard Prager
BlackRock

2016-03-trading-tech-40-chris-isaacson-thumb.png
3. Chris Isaacson
BATS Global Markets

2016-03-trading-tech-40-jonathan-ross-thumb.png
4. Jonathan Ross
KCG Holdings

2016-03-trading-tech-40-bradley-peterson-thumb.png
5. Bradley Peterson
Nasdaq

2016-03-trading-tech-40-brad-levy-thumb.png
6. Brad Levy
Markit

2016-03-trading-tech-40-dan-keegan-thumb.png
7. Dan Keegan
Citi

2016-03-trading-tech-40-ronald-depoalo-thumb.png
8. Ronald DePoalo
Fidelity Institutional

2016-03-trading-tech-40-raj-mahajan-thumb.png
9. Raj Mahajan
Goldman Sachs Group

2016-03-trading-tech-40-ari-studnitzer-thumb.png
10. Ari Studnitzer
CME Group

2016-03-trading-tech-40-mayur-kapani-thumb.png
11. Mayur Kapani
Intercontinental Exchange

2016-03-trading-tech-40-gerald-oconnell-thumb.png
12. Gerald O’Connell
CBOE Holdings

2016-03-trading-tech-40-nick-themelis-thumb.png
13. Nicholas Themelis
MarketAxess Holdings

2016-03-trading-tech-40-gil-mandelzis-thumb.png
14. Gil Mandelzis
EBS BrokerTec (ICAP)

2016-03-trading-tech-40-bill-chow-richard-leung-thumb.png
15. Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing

2016-03-trading-tech-40-robert-park-thumb.png
16. Rob Park
IEX Group

2016-03-trading-tech-40-philip-weisberg-thumb.png
17. Philip Weisberg
Thomson Reuters

2016-03-trading-tech-40-mack-gill-thumb.png
18. John Mackay (Mack) Gill
MillenniumIT

2016-03-trading-tech-40-rob-cornish-thumb.png
19. Robert Cornish
International Securities Exchange

2016-03-trading-tech-40-paul-hamill-thumb.png
20. Paul Hamill
Citadel Securities

2016-03-trading-tech-40-eric-noll-thumb.png
21. Eric Noll
Convergex

2016-03-trading-tech-40-tyler-moeller-joshua-walsky-thumb.png
22. Tyler Moeller and Joshua Walsky
Broadway Technology

2016-03-trading-tech-40-rishi-nangalia-thumb.png
23. Rishi Nangalia
REDI Holdings

2016-03-trading-tech-40-veronica-augustsson-thumb.png
24. Veronica Augustsson
Cinnober Financial Technology

2016-03-trading-tech-40-alasdair-haynes-thumb.png
25. Alasdair Haynes
Aquis Exchange

2016-03-trading-tech-40-manoj-narang-thumb.png
26. Manoj Narang
Mana Partners

2016-03-trading-tech-40-gaurav-suri-thumb.png
27. Gaurav Suri
Arcesium

2016-03-trading-tech-40-robert-sloan-thumb.png
28. Robert Sloan
S3 Partners

2016-03-trading-tech-40-anton-katz-stephen-mock-thumb.png
29. Anton Katz and Stephen Mock
AQR Capital Mgmt

2016-03-trading-tech-40-stu-taylor-thumb.png
30. Stu Taylor
Algomi

2016-03-trading-tech-40-d-keith-ross-thumb.png
31. D. Keith Ross Jr.
PDQ Enterprises

2016-03-trading-tech-40-donal-byrne-thumb.png
32. Donal Byrne
Corvil

2016-03-trading-tech-40-alfred-eskandar-thumb.png
33. Alfred Eskandar
Portware

2016-03-trading-tech-40-r-cromwell-coulson-thumb.png
34. R. Cromwell Coulson
OTC Markets Group

2016-03-trading-tech-40-masayuki-hosaka-thumb.png
35. Masayuki Hosaka
Rakuten

2016-03-trading-tech-40-peter-maragos-david-karat-thumb.png
36. Peter Maragos and David Karat
Dash Financial

2016-03-trading-tech-40-amar-kuchinad-thumb.png
37. Amar Kuchinad
Electronifie

2016-03-trading-tech-40-jennifer-nayar-thumb.png
38. Jennifer Nayar
SR Labs

2016-03-trading-tech-40-dave-snowdon-thumb.png
39. Dave Snowdon
Metamako

2016-03-trading-tech-40-dan-raju-thumb.png
40. Dan Raju
Tradier