CEO, Quantitative Brokers.
David Kalita has been named chief executive officer at Quantitative Brokers (QB),the provider of execution algorithms and data-driven analytics for futures, options, and over the counter (OTC) fixed income markets, today announced that
Kalita will lead QB’s next phase of client-driven development and expansion. He succeeds QB CEO and co-founder Christian Hauff, who stepped down at year-end 2023 and remains on the board of directors.
“I see continued strong demand across the buy-side and sell-side for quality execution algorithms,” Kalita said. “Over the past few years, algo providers and vendors have been investing in technology and gaining new business, but in many cases have not been delivering on what they promised. Internally built solutions have turned out to be more expensive than planned, raising the costs of ownership. The result is that we are seeing a flight to proven quality amongst customers.”
Kalita joins QB after more than a decade at Bridgewater Associates, where he was most recently head of product management in trading. Prior to that role, he was head of FX, futures, and equities execution. He holds a Master’s in Finance from Princeton University and a Bachelor’s of Science in Economics and Mathematics from the University of Michigan.
He told The DESK how he intends to grow the firm moving forwards.
“First and foremost, we are continuously investing in improving our existing performance capabilities and supporting our current clients so that we remain best in our space,” he said. “We also have clients who are seeking solutions in other asset classes. We take a measured approach in assessing, developing, and optimizing new solutions to ensure that when we do move into new markets, we maintain our industry-leading standards—we are not looking at growth only for growth’s sake.
Matt O’Hara, QB executive chairman of the board said, “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.”
QB was founded in 2008 by Hauff and Dr. Robert Almgren, who continues as chief scientist. In 2020, Deutsche Börse acquired a majority ownership position in QB.
“We are thrilled to have David on board to help drive our business and performance to the next level,” said Almgren. “I am looking forward to collaborating with him and the team to further strengthen our position as the premier trade execution solutions provider.”
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