“Simplex Trading has seen significant growth over the past 10 years, but there are some areas we can still target. Simplex Trading has excelled at building a business the right way, and this has been evident in the speed and scale of their growth over the last decade. Finding a role where I could wear multiple hats, and contribute in multiple ways, feels like a perfect fit.”
Simplex Trading has announced the appointment of Ben Londergan as Managing Director of Strategic Business Development of the proprietary trading firm and market maker.
The new Managing Director of Strategic Business Development will be responsible for helping Simplex grow by expanding partnerships and expanding Simplex’s current core business into new products and geographies.
Ben Londergan joins Simplex Trading from Optios, where he served as the Managing Director, Head of Finance Division in Chicago. Prior to that, he was a Senior Advisor at Belvedere Trading and Managing Director of Strategic Relationships and Market Ecosystem at PEAK6. He has held CEO roles at both LiquidPoint, a GTCR portfolio company, and Group One Trading, a privately held options market-making firm, where he spent 16 years.
Londergan has previously held board positions on the Chicago Board Options Exchange, the Miami Pearl Exchange Board, the Board of Directors for Trader Tools, and more.
“Feels like a perfect fit”
Ben Londergan, Managing Director of Strategic Business Development at Simplex Trading, commented: “Simplex Trading has seen significant growth over the past 10 years, but there are some areas we can still target. Simplex Trading has excelled at building a business the right way, and this has been evident in the speed and scale of their growth over the last decade. Finding a role where I could wear multiple hats, and contribute in multiple ways, feels like a perfect fit.”
Erik Swanson, CEO of Simplex Trading, said: “Simplex Trading is excited to continue growing our business with Ben’s help. I’ve known and worked with Ben for many years and seen that he has the skills and expertise needed to expand Simplex in new directions.”
Simplex Trading is a proprietary trading firm based in Chicago. It specializes in market-making and liquidity provision, primarily in equity options and other derivatives. Founded in 2004, the firm uses quantitative strategies and sophisticated technology to trade across various asset classes and exchanges.
The firm is known for its focus on algorithmic trading, employing advanced mathematical models and high-frequency trading techniques. The firm leverages its in-house technology to execute trades with speed and efficiency, aiming to capitalize on market opportunities and provide liquidity to the markets.
In addition to its core trading activities, Simplex Trading invests in the development of proprietary software and systems to maintain a competitive edge.
