Quantitative Brokers Names Timothy Gits to New Role of Chief Sales Officer
NEW YORK, December 8th, 2020 — Quantitative Brokers (QB), a global provider of advanced execution algorithms and data-driven analytics for global futures and interest rate markets, today announced that Timothy Gits will join as Chief Sales Officer responsible for QB’s global sales team. Effective immediately Mr. Gits will report to QB Chief Executive Officer Christian Hauff and will join QB’s Executive Committee.
The news comes as fast-growing QB marks the 10th anniversary of its first trade execution, completes the sale of a majority stake to Deutsche Börse, and looks to make additional hires globally in the months ahead.
“This is a very exciting time for QB and our many clients and partners worldwide as algo trading and cost-effective execution moves front-and-center in today’s markets,” said Mr. Hauff. “QB has known and worked with Tim since 2013 and we have the greatest respect for him and look forward to working with Tim to continue our growth and expand the value that we bring to our clients as the leader in the algo trading revolution.”
TIM GITS BACKGROUND
Mr. Gits joins QB with more than 20 years of financial markets experience, including the last decade in various Deutsche Börse business units. Tim most recently served in leadership roles such as Head of Americas Fixed Income Sales for Derivatives, Funding & Financing and Deputy Global Head of Fixed Income and Financing at Eurex.
Tim brings extensive multi-asset sales, relationship, trading, and operations experience that spans futures, options on futures, and swaps markets, as well as clearing, surveillance, and compliance. Tim has served in buy-side and sell-side facing roles covering both exchange- traded and OTC products.
Tim earned a Master of Financial Markets and Trading from the Illinois Institute of Technology, and a Bachelor of Science degree from John Carroll University.
QB’s FIRST DECADE OF GROWTH
Since inception in 2010, QB has risen to become a premiere fintech institution providing execution algorithms across fixed-income, futures, and most recently adding options. With a suite of seven algorithms, four offices worldwide, and over 60 employees, QB serves clients including many of the world's biggest asset managers, hedge funds, CTAs, global banks, public and private companies.
Founded by Chief Scientist Dr. Robert Almgren and Chief Executive Officer Christian Hauff, QB was formed to service the growing demand for more intelligent execution across global futures and fixed income markets. During the summer of 2020, QB celebrated a 10-year milestone since the first client trade was executed.
The company, which has been very well-adopted by the institutional trading community since being founded, has executed over $13 trillion in futures, US Cash Treasuries and options markets globally. Quantitative Brokers is continuing the build out of their best execution offering on futures exchanges across Asia while also expanding into other fixed income asset classes.
ABOUT QUANTITATIVE BROKERS
Quantitative Brokers (QB) is a global financial technology company, provides advanced algorithms and data-driven pre- and post-trade analytics to clients in the Futures, Options and interest rate markets. The company is built on a research-driven culture, market microstructure know-how, and algorithmic engineering expertise. QB continually develops and innovates an evolving suite of products to reduce and measure implicit trading costs for its clients. Headquartered in midtown Manhattan, QB has branch offices in London, Sydney, and Chennai.
In September, the company announced that Deutsche Börse would acquire a majority position in QB.
QB's portfolio of algorithms, simulation tools and analytics are used by many of the world’s largest institutional investors. QB’s suite of algorithms — Bolt, Strobe, Legger, Closer, Octane, The Roll and Striker — are uniquely engineered for both central limit order books and OTC liquidity streams while accessible via all major execution and order management systems used by the buy-side, banks and brokerage houses.
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