< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
50
Mas Nakachi
Chief Executive Officer
OpenGamma
(PNR)
Risk management and transparency are pervasive concerns in the financial and investing worlds, but cost-effective solutions have proved elusive. That’s what motivated OpenGamma to set up shop in 2009. The founding team, led by Kirk Wylie (No. 50 last year), now executive chairman, brought open-source-software development into trading and risk analytics. The company attracted $23 million in venture capital from, among others, ICAP (see Michael Spencer, No. 14) and its Euclid Opportunities fund and in March 2013 handed the CEO reins to derivatives technology veteran Mas Nakachi. “We’re focusing on taking out costs, specifically from investment banks and users of derivatives products, by focusing on analytics that are standardized,” says Nakachi, who joined London-based OpenGamma in 2012 after serving as director of business development for Calypso Technology’s rates, fixed income and credit business. “Because it’s standardized, you work with the industry; you don’t try to outsmart it,” the 40-year-old explains. “When you work in that collaborative fashion, you get buy-in, and it’s good for the whole industry because it’s transparent.” OpenGamma has positioned its open-architecture, real-time risk and margining capabilities to support new modes of derivatives clearing. In March, ICAP’s ReMATCH risk mitigation service said it would use OpenGamma for on-demand analytics on single-name credit default swaps.
The 2014 Tech 50
1
1
3
4
5
Thomas Secunda
Bloomberg Jeffrey Sprecher
Intercontinental Exchange Catherine Bessant
Bank of America Corp. Stephen Neff
Fidelity Investments Lance Uggla
Markit 6
7
8
9
10
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
Deborah Hopkins
Citi Ventures Dan Mathisson
Credit Suisse Daniel Coleman
KCG Holdings Michael Spencer
ICAP Michael Bodson
Depository Trust &
Clearing Corp. 16
17
18
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
22
23
24
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
27
28
29
30
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
34
35
David Gershon
SuperDerivatives Chris Corrado
MSCI Joseph Squeri
Citadel Tanuja Randery
BT Global Services John Bates
Software AG 36
37
38
39
40
Gary Scholten
Principal Financial Group David Gledhill
DBS Bank Simon Garland
Kx Systems Cristóbal Conde
FinTech Innovation Lab Jeff Parker
EidoSearch 41
42
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
49
50
Steven O’Hanlon
Numerix Sebastián Ceria
Axioma Yasuki Okai
Nomura Research Institute Niki Beattie
Market Structure Partners Mas Nakachi
OpenGamma