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The 2016 Trading Technology 40: Raj Mahajan

< The 2016 Trading Technology 409Raj MahajanGlobal Head,
Equities Electronic Execution ServicesGoldman Sachs GroupPNR

A onetime Goldman Sachs commodities analyst, Raj Mahajan returned to the investment banking giant in March 2015 to help lead one of Wall Street’s most influential trading executive teams. That’s by virtue of Goldman’s heritage as a market operations innovator and power broker and Mahajan’s nearly two decades as a technologist and company builder, most recently as CEO of high frequency shop Allston Trading. “The nature of buy-side trading is changing — it’s much more quantitative,” notes Mahajan, 43, Goldman’s global head of equities electronic execution services. “It’s unbundling, where execution and research split.” Guiding strategies relating to market structure and fast-growing products like exchange-traded funds, he explains that long-only asset managers are turning increasingly to automated trading while large hedge funds are kicking quantitative execution into higher gear. Goldman raised its game last fall with the acquisition of what Mahajan terms world-class algorithms from Sweden’s Pantor Engineering. Mahajan’s software standard: “Is it customizable, and can it survive the next shift in technology?” His return to Goldman reunited him with chief information officer R. Martin Chavez; they had served overlapping stints at the firm before co-founding commodities-trading-technology company Kiodex in 2000. SunGard Data Systems bought Kiodex in 2004, and Mahajan stayed on for eight years, rising to president of the global trading business. He holds a master’s degree in public administration from Princeton University and a BA in economics from the University of California, Berkeley.

 

 2016 Trading Technology 40Click below to view profiles
1. Raymond Tierney IIIBloomberg2. Richard PragerBlackRock3. Chris IsaacsonBATS Global Markets4. Jonathan RossKCG Holdings5. Bradley PetersonNasdaq
6. Brad LevyMarkit7. Dan KeeganCiti8. Ronald DePoaloFidelity Institutional9. Raj MahajanGoldman Sachs Group10. Ari StudnitzerCME Group
11. Mayur KapaniIntercontinental Exchange12. Gerald O’ConnellCBOE Holdings13. Nicholas ThemelisMarketAxess Holdings14. Gil MandelzisEBS BrokerTec (ICAP)15. Bill Chow and Richard LeungHong Kong Exchanges and Clearing
16. Rob ParkIEX Group17. Philip WeisbergThomson Reuters18. John Mackay (Mack) GillMillenniumIT19. Robert CornishInternational Securities Exchange20. Paul HamillCitadel Securities
21. Eric NollConvergex22. Tyler Moeller and Joshua WalskyBroadway Technology23. Rishi NangaliaREDI Holdings24. Veronica AugustssonCinnober Financial Technology25. Alasdair HaynesAquis Exchange
26. Manoj NarangMana Partners27. Gaurav SuriArcesium28. Robert SloanS3 Partners29. Anton Katz and Stephen MockAQR Capital Mgmt30. Stu TaylorAlgomi
31. D. Keith Ross Jr.PDQ Enterprises32. Donal ByrneCorvil33. Alfred EskandarPortware34. R. Cromwell CoulsonOTC Markets Group35. Masayuki HosakaRakuten
36. Peter Maragos and David KaratDash Financial37. Amar KuchinadElectronifie38. Jennifer NayarSR Labs39. Dave SnowdonMetamako40. Dan RajuTradier