Ogg Trading
Global electronic trading platform management and software development firm for institutional FX clients.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Ogg Trading, established in 2011, operated as a financial technology firm specializing in electronic trading platform management and software development for the institutional foreign exchange market. The firm was founded by David Ogg, a serial entrepreneur in the FinTech space, who previously founded and led two other successful FX trading companies, Hotspot FX and LavaFX. His extensive background, with over 25 years in capital markets and roles at institutions like Credit Suisse, HSBC, and Lehman Brothers, was foundational to the company's strategy of addressing gaps in FX trade execution.
The company's primary clients were institutional entities such as multinational banks, hedge funds, asset managers, and pension funds. Ogg Trading focused on providing solutions to help these clients achieve best execution standards, aiming to improve their profitability by minimizing the costs associated with trade execution. The business model centered on developing and deploying advanced trading software and platforms. In partnership with Pragma Securities, Ogg Trading leveraged quantitative trading technology to build its offerings.
A key product was LiquiMatch, a dark liquidity pool for currency trading developed in partnership with Bloomberg. This platform allowed institutional clients to trade large orders without revealing their intentions to the broader market, thereby reducing market impact and potential price slippage. The firm also developed an algorithmic liquidity aggregation platform, which provided clients with sophisticated tools for smart order routing and accessing deep liquidity. On June 18, 2018, Ogg Trading was acquired by OTC Exchange Network (now Bosonic), a blockchain-powered capital markets infrastructure company. The acquisition aimed to integrate Ogg's trading technologies with OTCXN's blockchain infrastructure to enhance digital asset trading for institutional clients. Following the acquisition, David Ogg and CTO Rutie Zhou joined the acquiring company.
Keywords: Ogg Trading, David Ogg, institutional FX, electronic trading, LiquiMatch, foreign exchange, dark pool, liquidity aggregation, smart order routing, forex ECN, Hotspot FX, LavaFX, Pragma Securities, OTCXN, Bosonic, best execution, FinTech, capital markets technology, currency trading platform, algorithmic trading