SageTrader Hires New CEO
05 Dec, 2017, 11:00 ET
SAN FRANCISCO and NEW YORK, Dec. 5, 2017 /PRNewswire/ -- San Francisco-based broker-dealer SageTrader, LLC is pleased to announce the appointment of Dan Weingarten as CEO of SageTrader, LLC, the operating subsidiary of Sage Brokerage Holdings, LLC.
Mr. Weingarten will also become a member of Sage Brokerage Holdings, LLC, Board of Managers. This appointment will become effective after Mr. Weingarten's satisfaction of certain obligations to his current employer.
Doug Engmann, Chairman of the Board of Sage Brokerage Holdings, LLC, commented, "Dan brings extensive knowledge of the execution and clearing business. He has a strong business development background with client and industry relationships across the entire spectrum of the business."
Also commenting on the appointment, Sean Malloy, EVP of Global Sales, said, "I have known and worked with Dan for the greater part of my career and I am excited to be again partnered with him as we look to expand our business at SageTrader and our industry footprint."
Mr. Weingarten brings an extensive career and record of accomplishment with him. As a Managing Director at ITG, Mr. Weingarten was responsible for sales and business development for their U.S. sell side business, a position he held since 2010.
Before ITG, Dan was co-head of sales and strategy at Penson Worldwide, a global multi-asset clearing and execution services firm. Additionally, during this time, Mr. Weingarten was President of Penson Execution Services, a startup broker/dealer built to expand execution services, including the creation of an Alternative Trading System.
Mr. Weingarten is a board member of the Security Traders of New York (STANY) and a past member of the market structure advisory committee at Security Traders Association (STA).
Mr. Weingarten started his career on an institutional agency desk at TD Ameritrade and has had sales and business development roles at the Island ECN, Credit Suisse, and NYFIX Millennium.
Commenting on his appointment, Mr. Weingarten said, "I am excited to join such a qualified team of industry experts as we look to expand technology, client service and trading capabilities to professional traders and broker dealers." Weingarten added, "These are interesting times in our industry and I am excited to align with an organization focused on investing and growing."
SageTrader, LLC was formed in 2012 and is the operating subsidiary of Sage Brokerage Holdings, LLC. Sage Brokerage Holdings was founded by Douglas Engmann, a 40-year pioneer in the trading and clearing industry. SageTrader is an introducing broker dealer that provides execution and brokerage services to professional traders, including proprietary trading firms and emerging hedge funds. SageTrader currently executes over 2 billion shares a month, accounting for over 1% of the consolidated US equity volume.
SageTrader is a member of FINRA, SIPC and the NFA. For additional information, visit the website at www.SageTrader.com.
Tim Taylor, Senior Advisor
340 Pine Street, Suite 501
San Francisco, CA 94104
SOURCE SageTrader, LLC
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