The 2016 Tech 50: Mazy Dar

OpenFin CEO Mazy Dar moves up to No. 44 from No. 46 on the Tech 50 ranking.

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< The 2016 Tech 50

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44
Mazy Dar
Chief Executive Officer
OpenFin
Last year: 46

OpenFin has found a sweet spot with its open-source technology for financial desktop applications, and major Wall Street firms are flocking to it. “There’s never been a time in financial services when this number of companies were all using the same technology to deploy and run their applications,” says CEO Mazy Dar. Founded in New York in 2010 (and now with a second office in London), OpenFin developed software, based on Google’s Chromium and the HTML5 web-browser standard, that lets programmers take advantage of the most-advanced, user-friendly interfaces across all operating systems, desktops and mobile devices. The number of bank and trading-platform customers doubled over the past year, to 30, and they, in turn, have used OpenFin’s HTML5 container to deploy applications to 44 sell-side and more than 250 buy-side firms. Both ICAP and Goldman Sachs Group spin-off REDI Holdings announced this year that they will be incorporating OpenFin technology in their next-generation trading platforms. Those firms, along with Barclays, Citi, CME Group and others, are represented on an advisory board that OpenFin set up in December in conjunction with the open-sourcing of its technology under an Apache 2.0 license. “Most people are not wondering if it’s the right technology but instead are focused on implementing it and working with it,” says Dar, 40, who has a BA in computer science and French literature from Cornell University, started his career as a programmer with SBC Warburg (now part of Swiss bank UBS) and was chief strategy officer of credit derivatives firm Creditex Group, which Intercontinental Exchange acquired in 2008. He stresses the importance of communication and collaboration with clients because they are the best source of ideas about innovations and problems that need solving. One of the latter is the need for interoperability, or compatibility between old and new systems. “It might be the most important thing that we do,” Dar says.

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


The 2016 Tech 50

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1. Catherine
Bessant
Bank of America Corp.

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2. Jeffrey Sprecher
Intercontinental Exchange

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3. Lance Uggla
Markit

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4. Phupinder Gill
CME Group

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5. Shawn Edwards and Vlad Kliatchko
Bloomberg

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6. R. Martin Chavez
Goldman Sachs Group

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7. Robert Goldstein
BlackRock

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8. Adena Friedman
Nasdaq

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9. Deborah Hopkins
Citi Ventures

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10. Daniel Coleman
KCG Holdings

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11. Stephen Neff
Fidelity Investments

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12. David Craig
Thomson Reuters

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Blythe Masters
Digital Asset Holdings

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18. David Rutter
R3CEV

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19. Neil Katz
D.E. Shaw & Co.

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20. Lee Olesky
Tradeweb Markets

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21. Richard McVey
MarketAxess Holdings

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22. Seth Merrin
Liquidnet Holdings

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23. Robert Alexander
Capital One Financial Corp.

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24. Brad Katsuyama
IEX Group

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25. Antoine Shagoury
State Street Corp.

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26. David Gledhill
DBS Bank

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27. Lou Eccleston
TMX Group

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28. Andreas Preuss
Deutsche BÖrse

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29. Dan Schulman
PayPal Holdings

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30. Scott Dillon
Wells Fargo & Co.

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31. Mike Chinn
S&P Global Market Intelligence

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32. Craig Donohue
Options Clearing Corp.

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33. Gary Norcross
Fidelity National Information Services

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34. Steven O’Hanlon
Numerix

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35. Sebastián Ceria
Axioma

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36. Michael Cooper
BT Radianz

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37. Tyler Kim
MaplesFS

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38. Neal Pawar
AQR Capital Management

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39. David Harding
Winton Capital Management

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40. Chris Corrado
London Stock Exchange Group

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41. Brian Conlon
First Derivatives

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42. Jim Minnick
eVestment

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43. Stephane Dubois
Xignite

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44. Mazy Dar
OpenFin

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45. Yasuki Okai
NRI Holdings America

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46. Kim Fournais
Saxo Bank

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47. Jock Percy
Perseus

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48. Robert Schifellite
Broadridge Financial Solutions

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49. Brian Sentance
Xenomorph Software

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50. Pieter van der Does
Adyen

Mazy Dar Goldman Sachs Group OpenFin Brad Katsuyama Mike Chinn
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