The SageTrader team includes a staff of seasoned professionals who have successfully developed and enhanced client focused business models at both Sage Clearing and PreferredTrade over the last 30 years. The firm's roots began in the clearing of option market maker business on the floors of the options exchanges. Preferred Trade was formed as a sister company to handle customer business for professional traders, as both a clearing firm and executing broker, with memberships on almost all exchanges, including the New York Stock Exchange. PreferredTrade was one of the earliest brokers to offer stock and options online trading access for active and professional traders.
After selling Sage Clearing in 1998 and selling Preferred Trade in 2005, the SageTrader team reacquired the Sage proprietary system in 2013 and is employing it to grow an introducing broker business.
The SageTrader Team
Doug Engmann - Chairman of the Board of Managers
Doug is the Chairman of the Board of Managers of Sage Brokerage Holdings, LLC, the parent of SageTrader, LLC. He is a former options market maker, has more than 35 years' experience in the trading world. He was the co-founder of Sage Clearing Corporation, one of the largest clearing firms for options market makers. He also was the co-founder of PreferredTrade, which was one of the leading online firms for options traders. Sage was sold in 1998 to ABN AMRO and PreferredTrade was sold in 2005 to Fimat (later Newedge USA). He also served as CEO of ABN AMRO Clearing, a global division of the prime brokerage, futures and professional securities businesses of the bank. At Fimat Preferred (later Newedge), he served as Head of North American Equities and pioneered the adoption of customer portfolio margin in the industry under the 2005 SEC pilot program. Fimat Preferred was one of the first brokers to offer customer portfolio margin under the fully approved rules in 2007. A former Board member of the OCC and NSCC, Doug is recognized as a leader in the industry and as an authority on options trading and clearing, portfolio margining, risk management and securities regulation.
Mark Bold - CFO
Mark has more than 30 years of experience in the securities industry and recently served as the interim COO of VTrader Pro, LLC during its restructuring and transition. In addition, he is a Senior Advisor with Engmann Options on assignment to several large foreign banks focusing on professional clearing strategies and customer portfolio margin procedures and applications. Between 2005 and 2008, Mark was the COO of the Equity Clearing Division of Newedge/Fimat, and from 2002-2005, he was the President of PreferredTrade. From 1982 until 2001, Mark was a senior executive at Sage Clearing and ABN AMRO Sage. Mark is recognized as an industry expert in regulatory compliance and operations for both the professional trading and retail customer businesses.
Ryan Stipanich - Chief Compliance Officer
Ryan has over 15 years of experience in the securities industry. He joined SageTrader in 2016 as the Trading Compliance Officer. Prior to joining SageTrader, Ryan worked at FINRA in their the Options Regulation Department. Previously, he worked at Instinet in the Operational Regulatory Department, as well as the Options Trading Desk. Ryan began his career in the industry by working for FIMAT Preferred in the accounting department, before transitioning into an analyst and sales role at Newedge.
Patrick Blackburn - Board Member
Patrick will bring his extensive experience and expertise to the Board and provide assistance to management on execution strategy. Patrick was Head of Merrill Lynch's Broadcourt Execution Services from 2004 to 2008 and Head of Professional Execution Services for ABN AMRO from 1997 to 2004. Currently he is a consultant with Oyster Consulting, a securities compliance firm.