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The 2015 Tech 50: Daniel Coleman

The KCG Holdings CEO jumps to No. 12 on this year’s Tech 50 ranking.

< The 2015 Tech 50: Racers to the Edge12Daniel ColemanChief Executive OfficerKCG HoldingsLast year: 13

When KCG Holdings was looking for a new CFO last year, CEO Daniel Coleman knew the high-tech brokerage had found its guy in financial software entrepreneur Steffen Parratt. “He had worked at Merrill Lynch and Citigroup, but it was the fact that he had written software and deployed it, and got other people to do it with the exact purpose of making the financial departments more efficient, that hit home for me when I interviewed him,” says Coleman, who has presided over Jersey City, New Jersey–based KCG since it was created by the July 2013 merger of his company, Chicago-based high frequency trading pioneer Getco, and broker-dealer Knight Capital Group. Fully half of KCG’s 12-person management team has engineering, math or computer science backgrounds and can write code. “It’s very important for us to have technologically literate people throughout the firm because we’re trying to leverage technology in everything we do,” says Coleman, who has an MBA from the University of Chicago Booth School of Business and turns 51 in August. Like many of its competitors, KCG saw a slight drop in market-making revenue during the first quarter from the last three months of 2014, as U.S. equity-trading volumes fell, but its global execution services business enjoyed a one-time gain on the “opportunistic sale” in March of its Hotspot electronic foreign exchange platform to BATS Global Markets for $365 million in cash. Following the sale — the proceeds of which KCG is using to buy back shares in a modified Dutch auction — KCG has approximately 1,000 employees and makes markets and operates electronic trading venues in equities, fixed income and forex around the world. Among its latest initiatives is New Line Networks, a joint venture with World Class Wireless using microwave technology to connect major global market centers at lightning speeds.

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


 The 2015 Tech 50 Click below to view profiles
1. Jeffrey SprecherIntercontinental Exchange2. Catherine BessantBank of America Corp.3. Phupinder GillCME Group4. Lance UgglaMarkit5. Robert GoldsteinBlackRock
6. Shawn Edwards &
Vlad KliatchkoBloomberg
7. R. Martin ChavezGoldman Sachs Group8. Deborah HopkinsCiti Ventures9. Stephen NeffFidelity Investments 10. Adena FriedmanNasdaq OMX Group
11. David CraigThomson Reuters12. Daniel ColemanKCG Holdings13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp.15. Charles LiHong Kong Exchanges and Clearing
16. Chris ConcannonBATS Global Markets17. Christopher PerrettaState Street Corp.18. Antoine ShagouryLondon Stock Exchange Group19. Kevin RheinWells Fargo & Co.20. Neil KatzD.E. Shaw & Co.
21. Lee OleskyTradeweb Markets22. Richard McVeyMarketAxess Holdings23. Seth MerrinLiquidnet Holdings24. Robert AlexanderCapital One Financial Corp.25. Frank BisignanoFirst Data Corp.
26. John MarcanteVanguard Group27. Joseph SqueriCitadel28. Lou EcclestonTMX Group29. Claude HoneggerCredit Suisse30. Chris CorradoMSCI
31. David GledhillDBS Bank32. John BatesSoftware AG33. Michael CooperBT Radianz34. Gary ScholtenPrincipal Financial Group35. Sunil HiranitrueEX Group
36. Hauke StarsDeutsche BÖrse37. Brian ConlonFirst Derivatives38. Jim MinnickeVestment39. Lars Seier Christensen & Kim Fournais40. Tyler KimMaplesFS
41. Jim McGuireCharles Schwab Corp.42. Steven O'HanlonNumerix43. Sebastián CeriaAxioma44. Yasuki OkaiNRI Holdings America45. Stephane DuboisXignite
46. Mazy DarOpenFin47. Brian SentanceXenomorph Software48. Mas NakachiOpenGamma49. John LehnerBNY Mellon Technology Solutions Group50. Jock PercyPerseus
 

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