Quantitative Brokers appoints new tech chief from Bloomberg Tradebook

New chief technology officer at Quantitative Brokers previously oversaw Bloomberg Tradebook’s equities, options and FX algorithms.

Futures and US cash treasury algorithm and analytics provider Quantitative Brokers has appointed a new chief technology officer who has joined the firm from Bloomberg Tradebook.

Deepak Begari was previously a senior product manager with Tradebook, overseeing algorithms for equities, options and foreign exchange. He has more than 11 years of experience working across electronic trading and algorithmic execution across multiple asset classes.

Prior to his time with Tradebook, Begari held various senior positions in technology development and product management at firms including REDI Global Technologies and ITG.

His focus at Quantitative Brokers will be managing the firm’s technology platform through development and implement its proprietary algorithms. Begari will be based in New York and report to the company’s chief executive officer, Ralf Roth.

“[Begari] has a deep understanding of technology architecture and strategy, in addition to extensive product knowledge that uniquely positions him to lead our efforts to deliver superior algorithms and analytics for the futures and fixed Income markets,” Roth commented.

Quantitative Brokers added it plans to increase its staff by 50% throughout this year as it looks to hire new talent across various functions.