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The 2016 Tech 50: Mazy Dar

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

Mazy Dar
Chief Executive Officer

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
1. Catherine
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
8. Adena Friedman
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
35. Sebastián Ceria
36. Michael Cooper
BT Radianz
37. Tyler Kim
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
43. Stephane Dubois
44. Mazy Dar
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does

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