< Wall Street's Nerds: The World's Most Powerful Trading Executives
37. Dan Raju
Executive Chair and Chief Information Officer
Tradier
Last year: 40
Application programming interfaces (APIs) have become popular vehicles for reducing the time and resources required to bring innovative financial products to market. Tradier, co-founded in 2013 by Dan Raju, calls itself "the first brokerage API company." More than 100 companies and thousands of developers are using the "brokerage as a platform," with support from Charlotte, North Carolina–based Tradier Brokerage, to assemble and deliver data and trading tools for financial clients. Tradier slashes years off traditional development time frames, enabling trading platforms and digital advisers to be launched in weeks or months, says Raju, 42. According to a testimonial from Dan Schleifer, CEO of ChartIQ, "Integrating Tradier's API into our mobile charting platform was a breeze." Raju adds that execution and custody costs in the Tradier API cloud are one third the market rate.
A former head of global technology infrastructure and operations at the Associated Press and chief information officer of online brokerage TradeKing (now part of Ally Financial), Raju is currently executive chair and CIO of Tradier. In June 2016 he handed the CEO title to Stephen Ehrlich, who was founder and CEO of Lightspeed Financial and previously CEO of the E-Trade Professional Trading Group, to lead Tradier through a global expansion stage.
The 2017 Trading Tech 40
1. Richard Prager
BlackRock
2. Chris Isaacson
Bats Global Markets
3. Bradley Peterson
Nasdaq
4. Brad Levy
MarkitSERV
5. Dan Keegan
Citi
6. Glenn Lesko
Bloomberg Tradebook
7. Bryan Durkin
CME Group
8. Mayur Kapani
Intercontinental Exchange
9. Mike Blum
KCG Holdings
10. Raj Mahajan
Goldman Sachs Group
11. Ronald DePoalo
Fidelity Institutional
12. Nick Themelis
MarketAxess Holdings
13. Jenny Knott
NEX Optimisation
14. Billy Hult
Tradeweb Markets
15. Rob Park
IEX Group
16. Bill Chow & Richard Leung
Hong Kong Exchanges and Clearing
17. John Mackay (Mack) Gill
MillenniumIT
18. Paul Hamill
Citadel Securities
19. Eric Noll
Convergex
20. Veronica Augustsson
Cinnober Financial Technology
21. Tyler Moeller & Joshua Walsky
Broadway Technology
22. Alasdair Haynes
Aquis Exchange
23. Gaurav Suri
Arcesium
24. Manoj Narang
Mana Partners
25. Michael Chin & Neill Penney
Thomson Reuters
26. Robert Sloan
S3 Partners
27. Anton Katz & Stephen Mock
AQR Capital Management
28. Donal Byrne
Corvil
29. Stu Taylor
Algomi
30. Alfred Eskandar
Portware
31. Steven Randich
Financial Industry Regulatory Authority
32. R. Cromwell Coulson
OTC Markets Group
33. Peter Maragos
Dash Financial
34. John Fawcett
Quantopian
35. Donald
Ross III
PDQ Enterprises
36. Jennifer Nayar
Vela Trading Technologies
37. Dan Raju
Tradier
38. Susan Estes
OpenDoor Trading
39. David Mercer
LMAX Exchange
40. Oki Matsumoto
Monex Group