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The 2016 Trading Technology 40: Dan Raju

< The 2016 Trading Technology 4040Dan RajuChief Executive OfficerTradierPNR

Readers of financial news websites or blogs have long been accustomed to taking an extra step, perhaps logging on elsewhere, to trade on any information they pick up. With the application programming interface launched in 2014 by Tradier, the transaction can be just a click away. The API allows what Charlotte, North Carolina–based Tradier terms brokerage-as-a-service: trading, market data and account servicing, which more than 100 technology providers have integrated with their offerings. “The idea was to take all of the heavy lifting that the old incumbent brokerage firms have done and expose that as an open cloud platform for anybody to use and have that same power the big guys have,” says CEO Dan Raju, 41. Before co-founding Tradier in 2013, Raju spent three years as head of global technology infrastructure and operations at Associated Press and two years as chief information officer of online brokerage TradeKing. By 2009 he and several colleagues were taking note of how delivery of financial services was becoming more automated and mobile, and of how difficult it was for legacy brokerage firms to keep pace. Traditionally, a firm creating a new investment product had to be a broker-dealer and spend significant amounts of time and money on an infrastructure and clearing and exchange relationships. With Tradier’s open-source, cloud-based API, “you can log in today and start building a product and launch two weeks from now,” says Raju. As a licensed broker-dealer in all 50 states, Tradier takes on all of the regulatory overhead and provides security guidelines for users. Customers range from fintech start-ups to one of the largest peer-to-peer lenders in China.

 

 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