Mr. Engmann is chairman and investor in Blogtronix, LLC. Mr. Engmann is co-founder and an owner of Engmann Options, Inc. (1978); PreferredTrade, Inc. (1982); MDNH Trading, Inc. (1989); and Sage Clearing Corporation (1980) which was acquired by ABN AMRO Inc. in May 1998. PreferredTrade, Inc. was acquired by Fimat in May 2005.
One of the pioneer market-makers in the Pacific Stock Exchange’s options program, Engmann began working as an options trader in 1976. Recognizing the need for a West Coast based clearing company that provided superior service and advanced technology, Engmann co-founded Sage Clearing Corporation in 1980. Two years later, capitalizing upon Sage’s proprietary technology and Engmann Options’ trading expertise, Engmann co-founded Preferred Capital Markets, Inc., a broker-dealer providing research and trade execution services for stocks and options on an agency basis. MDNH Partners, a broker-dealer that allocates investment capital among affiliate options traders, was formed in 1989 to allow private parties to invest in the business of market-making, heretofore closed to outsiders.
Engmann holds an MBA from the University of California, Berkeley (1971)