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The 2015 Trading Technology 40: Manoj Narang

#29 Manoj Narang, Ex–Chief Executive Officer, Thesys Technologies

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Manoj Narang
Ex–Chief Executive Officer
Thesys Technologies

Manoj Narang raised his profile last spring in a Bloomberg Television debate with author Michael Lewis and IEX Group CEO Brad Katsuyama (No. 23), the protagonist of Lewis’s Flash Boys: A Wall Street Revolt, which suggests that markets are rigged because of high frequency traders like Narang. “High frequency trading has made markets far more transparent, liquid and fair than they have ever been,” says Narang, who founded Red Bank, New Jersey–based Tradeworx in 1999. “Markets are not rigged at all.” In 2014 the 45-year-old Massachusetts Institute of Technology graduate spent most of his time on Thesys Technologies, the New York–based affiliate of Tradeworx tasked with commercializing its trading solutions. Thesys’ technology — which Narang calls the fastest matching engine in deployment anywhere on the planet — powers the LeveL ATS and ConvergEx Group dark pools. Although last year Thesys lost out to Nasdaq OMX Group in its bid to run the Nasdaq Stock Market’s securities information processor price feed, the firm is one of six finalists in contention to provide the technology for the Securities and Exchange Commission’s consolidated audit trail for U.S. publicly traded equities. “A lot of our focus this past year has been around big data,” Narang says. “CAT is a very, very big data project.” Last month he stepped down as CEO of Thesys and Tradeworx; he hopes to pursue new projects to bring the benefits of advanced trading techniques to the masses.

The 2015 Trading Technology 40

1
2
3
4
5
Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
6
7
8
9
10
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
12
13
14
15
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
16
17
18
19
20
Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
21
22
23
24
25
Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
26
27
28
29
30
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
31
32
33
34
35
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
36
37
38
39
40
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software


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