The 2014 Tech 50: Daniel Coleman

< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud

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Daniel Coleman
Chief ExecutiveOfficer
KCG Holdings
Last year: 15

As head of one of the world’s largest electronic market makers, Daniel Coleman would seem to have a lot at stake in all the fuss about high frequency trading stirred up by the release this spring of Michael Lewis’s Flash Boys. But the CEO of Jersey City, New Jersey–based KCG Holdings, created by the July 2013 merger of Getco Holding Co. and troubled Knight Capital Group, hopes to benefit from any heightened regulatory scrutiny of U.S. equity markets. “It gives us a great opportunity to really engage with clients and potential clients on market structure issues and how to achieve best execution in markets that are reasonably complicated,” says Coleman, who joined Chicago-based Getco in 2010 after a 24-year career at UBS and its predecessor firms. “I think it’s very appropriate for us to play a leadership role.” KCG’s global execution services business, which includes its trading venues, generated $87.2 million in revenue during the first quarter of 2014, up 4 percent from the previous quarter. Market-making revenue jumped 19 percent, to $277.3 million. “Our goal long-term is to be a leading market maker in all the major asset classes and all the major geographies,” adds Coleman, who turns 50 in August. “We think we can do this with only 1,200 people or so, and that’s because of technology.”

The 2014 Tech 50

1 Dave Cross	1	3 IAN CURCIO 2011	4 FayFoto/Boston	5 Teri Pengilley
Thomas Secunda Bloomberg	Jeffrey Sprecher Intercontinental Exchange	Catherine Bessant Bank of America Corp.	Stephen Neff Fidelity Investments	Lance Uggla Markit
6	7	8 Photographer:Charlie Simokaitis	9	10 Mark McQueen
Robert Goldstein BlackRock	David Craig Thomson Reuters	Phupinder Gill CME Group	Anna Ewing NASDAQ OMX Group	R. Martin Chavez Goldman Sachs Group
11	12	13	14	15 Christopher Elston
Deborah Hopkins Citi Ventures	Dan Mathisson Credit Suisse	Daniel Coleman KCG Holdings	Michael Spencer ICAP	Michael Bodson Depository Trust & Clearing Corp.
16	17	18 Todd Plitt	19	20
Joe Ratterman BATS Global Markets	Dominique Cerutti Euronext	Ron Levi GFI Group	Gaurav Suri D.E. Shaw Group	Charles Li Hong Kong Exchanges and Clearing
21 Larry Lettera/ Camera 1	22	23	24 XT	25
Lou Eccleston S&P Capital IQ	Lee Olesky Tradeweb Markets	Richard McVey MarketAxess Holdings	Seth Merrin Liquidnet Holdings	Antoine Shagoury London Stock Exchange Group
26 Production	27 Wayne R. Martin	28	29 Thorsten Jansen	30 Adam B. Auel
Christopher Perretta State Street Corp.	Kevin Rhein Wells Fargo & Co.	Peter Carr Morgan Stanley	Hauke Stars Deutsche Börse	Robert Alexander Capital One Financial Corp.
31	32	33 Paul Elledge	34	35 Stephen Brashear
David Gershon SuperDerivatives	Chris Corrado MSCI	Joseph Squeri Citadel	Tanuja Randery BT Global Services	John Bates Software AG
36	37	38	39 Photo Credit: Kevin Irby	40
Gary Scholten Principal Financial Group	David Gledhill DBS Bank	Simon Garland Kx Systems	Cristóbal Conde FinTech Innovation Lab	Jeff Parker EidoSearch
41	42 Jeff Smith Photo	43	44	45
Kim Fournais & Lars Seier Christensen Saxo Bank	Kenneth Marlin Marlin & Associates	Tyler Kim MaplesFS	Jim McGuire Charles Schwab Corp.	Jim Minnick eVestment
46	47	48 tomohisa ichiki	49 David Poultney	50 A.E. Fletcher Photography
Steven O’Hanlon Numerix	Sebastián Ceria Axioma	Yasuki Okai Nomura Research Institute	Niki Beattie Market Structure Partners	Mas Nakachi OpenGamma