< 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