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The 2017 Trading Tech 40: Manoj Narang

< Wall Street's Nerds: The World's Most Powerful Trading Executives24. Manoj NarangChief Executive OfficerMana PartnersLast 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 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