Crypto Dealer SFOX Hires Shawn Egger As Head of Execution Servicesbr>
Cryptocurrency prime dealer SFOX has appointed Shawn Egger as Head of Execution Services.
Founded in 2014, SFOX is a cryptocurrency dealer that provides professional traders and institutional investors higher returns when trading large volumes, through smart routing and a global integrated order book. SFOX facilitates best price execution through its global integrated order book of exchanges and OTC liquidity providers via a single point of access, replacing the need to manage multiple exchange accounts and API keys. The company claims that it has facilitated over $9 billion in transaction volume so far, and has seen its client base grow 12-fold since the beginning of 2018.
Egger joins SFOX from Jefferies, where he was the Senior Vice President of FX Sales Trader and previously held the position of Head of FX Sales at Euronext, the largest stock exchange in Europe, and Head of FX Market Making Sales at Citadel, one of the world’s largest alternative asset managers and market makers.
As SFOX’s Head of Execution Services, Egger will be responsible for globally expanding the distribution of SFOX’s execution and liquidity services and managing the firm’s institutional client-facing business in digital assets for liquidity, trade execution and prime services.
“Anyone who is anybody, irrespective if you are an individual trader or the largest investment bank in the world, we are all witnesses to one of the most disruptive movements in the 21st century,” said Egger. “I am humbled to join a team that is forward-thinking and in pure growth mode for the foreseeable future. SFOX’s technology is proven, proprietary & superior with regards to execution quality, which aligns with my expertise and passion for efficiency.”
According to SFOX, they plan to aggressively expand their market reach that’s trusted by over 200,000 users; and includes brokerages, banks, funds and managers.
“Shawn’s collective experience over the years in the electronic FX marketplace along with his rich relationships are key to accelerating the SFOX growth over the next few years,” said Daniel Kim, Head of Revenue at SFOX. “Shawn has a proven track record of building businesses to maturity and credibility that is well-suited for the crypto industry. His deep expertise in global finance, execution, and strategy will help ensure SFOX delivers the products that institutional clients require.”