This content is from: Portfolio
The 2015 Tech 50: Daniel Coleman
The KCG Holdings CEO jumps to No. 12 on this year’s Tech 50 ranking.

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.”
![]() 2. Catherine Bessant Bank of America Corp. ![]() 3. Phupinder Gill CME Group ![]() 4. Lance Uggla Markit ![]() 5. Robert Goldstein BlackRock |
![]() 6. Shawn Edwards & Vlad Kliatchko Bloomberg ![]() 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 ICAP ![]() 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 Citadel ![]() 28. Lou Eccleston TMX Group ![]() 29. Claude Honegger Credit Suisse ![]() 30. Chris Corrado MSCI |
![]() 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 eVestment ![]() 39. Lars Seier Christensen & Kim Fournais ![]() 40. Tyler Kim MaplesFS |
![]() 41. Jim McGuire Charles Schwab Corp. ![]() 42. Steven O'Hanlon Numerix ![]() 43. Sebastián Ceria Axioma ![]() 44. Yasuki Okai NRI Holdings America ![]() 45. Stephane Dubois Xignite |
![]() 46. Mazy Dar OpenFin ![]() 47. Brian Sentance Xenomorph Software ![]() 48. Mas Nakachi OpenGamma ![]() 49. John Lehner BNY Mellon Technology Solutions Group ![]() 50. Jock Percy Perseus |