< The 2015 Trading Technology 40: Going with the Flow
9
Dan Keegan
Head of Equities, Americas
Citi
Last year: 13
New regulations and capital requirements and tighter liquidity have major banks rethinking, if not retreating from, international trading businesses. Citi sees an opportunity to gain market share and sustain a competitive advantage by maintaining and leveraging its “global footprint,” says Dan Keegan, the New York–based bank’s head of equities for the Americas. Although not immune to those market pressures, Citi has assembled the technology and infrastructure to “go global and cross-market and be attractive to global clients seeking best execution,” asserts Keegan, 46. In Latin America, he points out, “there are about 30 names with significant liquidity” — stocks that lend themselves to efficient, automated trading. “Our ability to provide continuous markets in 85 names — 60 percent of the overall Latin American market — is huge.” In September, Citi expanded Total Touch, for large-block trading of 3,500 securities that represent $20 billion of “actionable liquidity” in the Americas, to Europe, where it supports 560 symbols and $3.2 billion in liquidity. “We keep investing in tech platforms and trading capabilities to make sure we are a step above,” says Keegan, who joined Citi in 2007 when it acquired Automated Trading Desk, where he was head of institutional equities. “And we continue to push the envelope on innovation.” So important is technology that “it is not a component of my job — it is my job.” But it’s not the only one: Keegan gives equal weight to risk management and to maintaining an open dialogue with regulators on market structure issues: “I want them to think of me as an honest broker.”
See also Keegan’s profile in the 2013 Trading Technology 40.
The 2015 Trading Technology 40
| 1 | 2 | 3 | 4 | 5 |
| Kevin Kometer CME Group | Richard Prager BlackRock | Raymond Tierney III Bloomberg Tradebook | Jonathan Ross KCG Holdings | Charles Vice Intercontinental Exchange |
| 6 | 7 | 8 | 9 | 10 |
| Chris Isaacson BATS Global Markets | Bradley Peterson Nasdaq OMX Group | Brad Levy MarkitSERV | Dan Keegan Citi | Ronald DePoalo Fidelity Institutional |
| 11 | 12 | 13 | 14 | 15 |
| Gerard Beatty Goldman Sachs Group | Gerald O’Connell CBOE Holdings | Brenda Hoffman TMX Group | Billy Hult Tradeweb Markets | Nicholas Themelis MarketAxess Holdings |
| 16 | 17 | 18 | 19 | 20 |
| Bina Kalola Bank of America Merrill Lynch | Gil Mandelzis EBS-BrokerTec (ICAP) | Steven Randich Financial Industry Regulatory Authority | Jerry Dobner GFI Group | Michael Liberman BlueMountain Capital Management |
| 21 | 22 | 23 | 24 | 25 |
| Bill Chow and Richard Leung Hong Kong Exchanges and Clearing | Jamie Selway Investment Technology Group | Brad Katsuyama IEX Group | John Mackay (Mack) Gill MillenniumIT | Jamil Nazarali Citadel Execution Services |
| 26 | 27 | 28 | 29 | 30 |
| Robert Cornish International Securities Exchange | Tyler Moeller andJoshua Walksy Broadway Technology | Rishi Nangalia REDI Holdings | Manoj Narang Tradeworx, Thesys Technologies | Oki Matsumoto Monex Group |
| 31 | 32 | 33 | 34 | 35 |
| Alasdair Haynes Aquis Exchange | Veronica Augustsson Cinnober Financial Technology | Stu Taylor Algomi | Luís Otávio Saliba Furtado BM&FBovespa | Tal Cohen Chi-X Global Holdings |
| 36 | 37 | 38 | 39 | 40 |
| Donal Byrne Corvil | R. Cromwell Coulson OTC Markets Group | Alfred Eskandar Portware | Richard Korhammer SR Labs | Hazem Dawani OptionsCity Software |
