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The 2016 Tech 50: Daniel Coleman
The KCG Holdings CEO jumpes to No. 10 on this year’s Tech 50 ranking.

KCG Holdings chief executive Daniel Coleman is constantly on the lookout for ways to leverage technology. Since July 2013, when Jersey City, New Jersey–based KCG was formed through the merger of Chicago-based high frequency trading pioneer Getco (where he had been CEO) and troubled broker-dealer Knight Capital Group, Coleman has been selling off his company’s less tech-focused operations. KCG announced in February that Citadel Securities was buying its New York Stock Exchange designated market-making (DMM) business. “The sale of the DMM was the final step to where we are very much a technology-driven firm,” says Coleman, who turns 52 in August and worked at UBS and predecessor firms for more than two decades before joining Getco in 2010. “We still have some businesses that require over-the-phone conversations with clients, but even with those most of the order flow comes in via technology.” During the past year Coleman has been hoarding chief technology officers, starting with the hiring last summer of REDI Holdings CTO Josh Schubkegel. In December he brought back Michael Blum, who headed Getco Execution Services from 2009 to 2012 before leaving to become CTO of Chicago-based hedge fund firm Teza Technologies. In March, Coleman recruited Brian Freyburger, who was CTO of high frequency trading firm Tower Research Capital. Schubkegel and Blum are both working on client-facing technologies; Freyburger is rebuilding KCG’s core market-making system. “We’ve given Brian and his team the luxury of building from scratch something that will be a next-generation trading system,” says Coleman, an Alabama native who commutes weekly from Birmingham to KCG’s offices in New York and Jersey City. “To some extent, Mike is doing the same thing on the client-facing side.” KCG, which is listed on the NYSE, has profited from this year’s increased market volatility. In the first quarter its U.S. equity market-making revenue grew 22 percent year over year and its BondPoint trading venue set a quarterly record, with average daily fixed-income par value increasing 32 percent.
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![]() 2. Jeffrey Sprecher Intercontinental Exchange ![]() 3. Lance Uggla Markit ![]() 4. Phupinder Gill CME Group ![]() 5. Shawn Edwards and Vlad Kliatchko Bloomberg ![]() 6. R. Martin Chavez Goldman Sachs Group |
![]() 7. Robert Goldstein BlackRock ![]() 8. Adena Friedman Nasdaq ![]() 9. Deborah Hopkins Citi Ventures ![]() 10. Daniel Coleman KCG Holdings ![]() 11. Stephen Neff Fidelity Investments ![]() 12. David Craig Thomson Reuters |
![]() 13. Michael Spencer ICAP ![]() 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 R3CEV |
![]() 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 Numerix ![]() 35. Sebastián Ceria Axioma ![]() 36. Michael Cooper BT Radianz |
![]() 37. Tyler Kim MaplesFS ![]() 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 eVestment |
![]() 43. Stephane Dubois Xignite ![]() 44. Mazy Dar OpenFin ![]() 45. Yasuki Okai NRI Holdings America ![]() 46. Kim Fournais Saxo Bank ![]() 47. Jock Percy Perseus ![]() 48. Robert Schifellite Broadridge Financial Solutions |
![]() 49. Brian Sentance Xenomorph Software ![]() 50. Pieter van der Does Adyen |