This content is from: Home

The 2017 Trading Tech 40: Dan Keegan

< Wall Street's Nerds: The World's Most Powerful Trading Executives5. Dan KeeganCo-head of Global EquitiesCitiLast year: 7

Dan Keegan's career is distinguished by mastery of modern trading systems: He built JPMorgan Chase & Co.'s electronic execution services business and was head of institutional equities at Automated Trading Desk, a high-tech platform that Citigroup acquired in 2007. Keegan went to Citi in that $680 million deal and has since climbed a few management rungs, but there is no "technology" in his job title — not in literal terms, anyway. Promoted in May 2016 to co-head of global equities after three years as head of equities, Americas, Keegan says the business and the technology on which it runs are not really separable. "I spend more time focusing on technology now as a global head," says the 48-year-old, whose co-leader, Murray Roos, joined Citi from Deutsche Bank in 2015. "In governance and prioritization of tech spending, all decisions by definition have to be taken at a global level," Keegan adds.

He regards the bank's global reach and steady commitment to trading as advantages that could pay off handsomely as some capital-constrained rivals pull back or place bets elsewhere. One fundamental decision that Citi has made is to no longer participate in the algorithmic-strategy arms race. Rather, Citi is relying on machine learning and big data to provide the optimal path for clients to achieve their objectives. "More real-time intelligence is being built into all of our intellectual property," Keegan says, while underscoring an enduring fundamental: "There is much to be done under the banner of automation, but what can never be automated is the relationship and how we as service providers stay close to our clients and build upon the trust created over many years."


 The 2017 Trading Tech 40Click below to view profiles
1. Richard PragerBlackRock2. Chris IsaacsonBats Global Markets3. Bradley PetersonNasdaq4. Brad LevyMarkitSERV5. Dan KeeganCiti
6. Glenn LeskoBloomberg Tradebook7. Bryan DurkinCME Group8. Mayur KapaniIntercontinental Exchange9. Mike BlumKCG Holdings10. Raj MahajanGoldman Sachs Group
11. Ronald DePoaloFidelity Institutional12. Nick ThemelisMarketAxess Holdings13. Jenny KnottNEX Optimisation14. Billy HultTradeweb Markets15. Rob ParkIEX Group
16. Bill Chow & Richard LeungHong Kong Exchanges and Clearing17. John Mackay (Mack) GillMillenniumIT18. Paul HamillCitadel Securities19. Eric NollConvergex20. Veronica AugustssonCinnober Financial Technology
21. Tyler Moeller & Joshua WalskyBroadway Technology22. Alasdair HaynesAquis Exchange23. Gaurav SuriArcesium24. Manoj NarangMana Partners25. Michael Chin & Neill PenneyThomson Reuters
26. Robert SloanS3 Partners27. Anton Katz & Stephen MockAQR Capital Management28. Donal ByrneCorvil29. Stu TaylorAlgomi30. Alfred EskandarPortware
31. Steven RandichFinancial Industry Regulatory Authority32. R. Cromwell CoulsonOTC Markets Group33. Peter MaragosDash Financial34. John FawcettQuantopian35. Donald
Ross III
PDQ Enterprises
36. Jennifer NayarVela Trading Technologies37. Dan RajuTradier38. Susan EstesOpenDoor Trading39. David MercerLMAX Exchange40. Oki MatsumotoMonex Group