David Ogg, founder and former chief executive officer (CEO) of both Hotspot FX and LavaFX, has launched Ogg Trading, a provider of advanced execution solutions to the global financial services community. The new venture will leverage Ogg’s experience within the foreign exchange (FX) markets to bring a host of technological innovations to market.
Joining Ogg Trading as chief operating officer (COO) and head of sales in the new venture is Michael Kahn, a 25-year veteran of the FX and capital markets industry. Prior to joining Ogg Trading, Kahn had spent more than 13 years with State Street Global Markets where he successfully managed the rapid growth of that firm’s FX trading businesses both in the US and Europe. Prior to State Street, Kahn held senior trading and management positions at Lehman Brothers and Credit Suisse, where he first met and worked alongside David Ogg. Throughout his career he has been a visible member of the institutional FX community, actively serving on the FX market committees of the NY Federal Reserve Bank, the Bank of England, and the European Central Bank.
Ogg Trading has also established a strategic partnership with Pragma Securities, a provider of quantitative and algorithmic trading tools. Pragma is investing significant resources and technology into Ogg Trading, allowing the firm to leverage Pragma’s technology and expertise to deliver trading capabilities to the marketplace.
Based in New York City, Ogg Trading will deliver its first offering sometime in 2H11.
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