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The 2017 Trading Tech 40: Manoj Narang

  • By Peter Vasiliev

24. Manoj Narang
Chief Executive Officer
Mana Partners
Last year: 26

For quantitative trading firms, technology is typically a cost center. "My overriding objective is to take the technology and turn it into a profit center," Manoj Narang says. He worked on that model for 16 years with Tradeworx, a high frequency trading shop that he founded. Tradeworx's Thesys Technologies affiliate was recently designated the Securities and Exchange Commission's primary contractor for its massive transaction database, the Consolidated Audit Trail.

In October 2015, several months after leaving Tradeworx, Narang began anew with Mana Partners — he as CEO and chief investment strategist, with co-founder John Holena as president and chief information officer. Now up to about 40 people — the principals have 200-plus years of combined quant trading experience — the New York firm raised $1 billion for a hedge fund prior to its January launch. Narang, 47, believes he is differentiating his fund by "combining traditional quantitative investing — statistical arbitrage — with HFT." He says that with a couple of deals pending, the fintech side of the business is about to take off: "There is tremendous room for innovation in how asset management services are delivered."


The 2017 Trading Tech 40
1. Richard Prager
BlackRock
2. Chris Isaacson
Bats Global Markets
3. Bradley Peterson
Nasdaq
4. Brad Levy
MarkitSERV
5. Dan Keegan
Citi
6. Glenn Lesko
Bloomberg Tradebook
7. Bryan Durkin
CME Group
8. Mayur Kapani
Intercontinental Exchange
9. Mike Blum
KCG Holdings
10. Raj Mahajan
Goldman Sachs Group
11. Ronald DePoalo
Fidelity Institutional
12. Nick Themelis
MarketAxess Holdings
13. Jenny Knott
NEX Optimisation
14. Billy Hult
Tradeweb Markets
15. Rob Park
IEX Group
16. Bill Chow & Richard Leung
Hong Kong Exchanges and Clearing
17. John Mackay (Mack) Gill
MillenniumIT
18. Paul Hamill
Citadel Securities
19. Eric Noll
Convergex
20. Veronica Augustsson
Cinnober Financial Technology
21. Tyler Moeller & Joshua Walsky
Broadway Technology
22. Alasdair Haynes
Aquis Exchange
23. Gaurav Suri
Arcesium
24. Manoj Narang
Mana Partners
25. Michael Chin & Neill Penney
Thomson Reuters
26. Robert Sloan
S3 Partners
27. Anton Katz & Stephen Mock
AQR Capital Management
28. Donal Byrne
Corvil
29. Stu Taylor
Algomi
30. Alfred Eskandar
Portware
31. Steven Randich
Financial Industry Regulatory Authority
32. R. Cromwell Coulson
OTC Markets Group
33. Peter Maragos
Dash Financial
34. John Fawcett
Quantopian
35. Donald
Ross III
PDQ Enterprises
36. Jennifer Nayar
Vela Trading Technologies
37. Dan Raju
Tradier
38. Susan Estes
OpenDoor Trading
39. David Mercer
LMAX Exchange
40. Oki Matsumoto
Monex Group

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