Following a stint as ceo of the short-lived ABN Amro clearing
and execution services (AACES) division, Douglas Engmann has
joined options and equity execution and clearing firm
PreferredTrade as ceo.
At Preferred, Engmann rejoins his brother Mike, who is chairman
and co-ceo. The pair jointly founded Sage Clearing Corporation
in 1980. The Engmanns later sold Sage to ABN in 1998, with
ABN later rolling that business into AACES when the division
was founded in 2001 (see FO Week Vol 6 No 4).
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