Crypto Prime Broker SFOX Adds Another Wall Street Vet as Part of Increased Effort to


SAN FRANCISCO–()–SFOX, a digital asset prime dealer that is focused on helping hedge funds embrace and expand crypto trading, today announced the addition of another former Wall Street Exec to bolster its senior sales team of long-term institutional investors.

Chuck Lugay, who has spent more than two decades at Wall Street firms and also served as President of Security Traders Association of New York, will join SFOX as SVP of Digital Assets. Lugay has worked for leading Wall Street firms including Citadel, Clearpool Group, NASDAQ, Knight Group and Morgan Stanley.

“We’re building a sales team steeped in the challenges that mid-to-small-size hedge funds confront in this new world of crypto,” said Shawn Egger, Global Head of Sales & Execution Services at SFOX. “Chuck brings front line shared experiences that will help us build deeper connections to the leading traders at these firms as we seek to bring cutting edge crypto capabilities that these firms would otherwise not be able to take advantage of.”

Lugay will play a leading role in the global expansion of SFOX’s business development. He is the latest addition to the digital assets team that boasts experience working at such leading firms as Credit Suisse, Citadel, Jefferies, Morgan Stanley and Deutsche Bank.

SFOX recently unveiled the first cryptocurrency trading product built specifically for hedge funds and asset managers that will provide capabilities previously only accessible by the market’s largest firms. In one platform, SFOX delivers best price execution through deep global liquidity, advanced order types and execution algorithms, treasury management, and detailed trade analytics with flexible settlement ensures fund managers can capitalize on every opportunity presented in the market.

SFOX offers funds and traders the ability to execute trades across more than 30 crypto trading destinations on a single platform. No other crypto trading platform offers this massive liquidity that ensures best price execution on every trade.

About SFOX

Founded in 2014, SFOX is one of the largest cryptocurrency prime dealers for institutional traders. SFOX provides custody, treasury management, connectivity, liquidity, smart order routing, algorithmic best execution and unified reporting via one connection, one counterpart and one workflow. SFOX’s team of senior developers and executives bring experience from institutions such as Airbnb, Apple, Goldman Sachs, Citadel, Google, NASA, Gemini, Ripple, Capital Group, and ITG, State Street. The company is backed by Social Capital, Y Combinator, Digital Currency Group, Khosla Ventures, Tribe Capital, DHVC, Haystack, Sequoia, Blockchain Capital, SV Angel, and Executives from PayPal and Airbnb.



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