David Kalita Joins Quantitative Brokers as CEO

(Picture Source: LinkedIn)

Quantitative Brokers (QB), an independent provider of advanced execution algorithms and data-driven analytics for global futures, options, and OTC fixed-income markets, has announced the appointment of David Kalita as its Chief Executive Officer (CEO), effective immediately.

Based in QB's New York headquarters, Kalita will be responsible for leading the firm's next phase of client-driven development and business expansion. He succeeds CEO and Co-Founder Christian Hauff, who resigned at the end of 2023 and continues to serve on the Board of Directors.

Kalita joined QB from Bridgewater Associates, one of the world's largest hedge funds where he had been with for over eleven years, having held various roles including Head of FX Execution, Head of FX, Futures, and Equities Execution, and most recently, the Head of Product Management for Trading.

Kalita holds a Master's Degree in Finance from Princeton University and a Bachelor's in Economics and Mathematics from the University of Michigan.

Matt O'Hara, Executive Chairman of the Board at QB, commented on the appointment: "Leading Financial Institutions turn to us daily for intelligent market execution. Our goal is to always partner with our clients to continuously improve performance, innovate in new markets and unlock new geographies. We are excited about David driving this next chapter of development and growth, and thank Christian for his leadership in cementing QB as the leading brand in algo execution."

Kalita, new CEO at QB, said: "I am proud to lead an organization focused on providing research-driven trading solutions that reduce transaction costs, handle complex structures, measure trade execution performance, and boost workflow efficiencies. I look forward to working closely with our clients and talented team to roll out new offerings while enhancing the value that we deliver to the market."

QB was founded in 2008 by Mr. Hauff and Dr. Robert Almgren, who continues as Chief Scientist. In December 2020, Deutsche Börse acquired a majority ownership position​ in the company.

Almgren added: "We are thrilled to have David on board to help drive our business and performance to the next level. I am looking forward to collaborating with him and the team to further strengthen our position as the premier trade execution solutions provider."