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The 2015 Tech 50: Brian Conlon

The First Derivatives CEO debuts at No. 37 on this year’s Tech 50 ranking.

Brian Conlon
Chief Executive Officer
First Derivatives

When Brian Conlon left a consulting job with SunGard Data Systems to found First Derivatives in 1996, he didn’t change his line of work. The Newry, Northern Ireland–based company grew up as a financial technology consulting firm. But after accumulating expertise working with market data and trading platforms, First Derivatives in 2008 began to roll out its Delta suite of software applications, which today includes platforms for trading, trade surveillance, data management and analytics. “The company’s heritage is in the capital markets industry, where we’ve been working on a lot of the trouble banks have been facing in dealing with large amounts of real-time and historical data,” notes CEO Conlon, 48. “Banks are faced with millions upon millions of prices and codes coming in every second, changing the value of their portfolio, changing the pricing of their products and changing their risk position.” In what Conlon termed “the most significant development” of the fiscal year ended February 2015, the company last fall bought a controlling interest in Palo Alto, California–based Kx Systems, whose kdb+ time-series databases power trading, risk and other data-intensive functions at top Wall Street firms (and whose chief strategy officer, Simon Garland, was No. 38 last year). Conlon says the Kx technology, thanks to years of collaborative effort among developers and users, has been “sharpened and honed” to the point of being “almost faultless.” First Derivatives reported a 19 percent year-over-year increase in revenue, to £83.2 million ($129 million), and Conlon says he is eyeing big-data-type opportunities in such nonfinancial sectors as utilities, oil and gas, health care, pharmaceuticals and the Internet of Things.

See the full story, “The 2015 Tech 50: Racers to the Edge.”

The 2015 Tech 50

1. Jeffrey Sprecher
Intercontinental Exchange
2. Catherine Bessant
Bank of America Corp.
3. Phupinder Gill
CME Group
4. Lance Uggla
5. Robert Goldstein
6. Shawn Edwards &
Vlad Kliatchko
7. R. Martin Chavez
Goldman Sachs Group
8. Deborah Hopkins
Citi Ventures
9. Stephen Neff
Fidelity Investments
10. Adena Friedman
Nasdaq OMX Group
11. David Craig
Thomson Reuters
12. Daniel Coleman
KCG Holdings
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. Christopher Perretta
State Street Corp.
18. Antoine Shagoury
London Stock Exchange Group
19. Kevin Rhein
Wells Fargo & Co.
20. Neil Katz
D.E. Shaw & Co.
21. Lee Olesky
Tradeweb Markets
22. Richard McVey
MarketAxess Holdings
23. Seth Merrin
Liquidnet Holdings
24. Robert Alexander
Capital One Financial Corp.
25. Frank Bisignano
First Data Corp.
26. John Marcante
Vanguard Group
27. Joseph Squeri
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
31. David Gledhill
DBS Bank
32. John Bates
Software AG
33. Michael Cooper
BT Radianz
34. Gary Scholten
Principal Financial Group
35. Sunil Hirani
trueEX Group
36. Hauke Stars
Deutsche BÖrse
37. Brian Conlon
First Derivatives
38. Jim Minnick
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
43. Sebastián Ceria
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
46. Mazy Dar
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy

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