Team
  • Victor-Erol Sandor
    Chief Executive Officer

    Mr. Sandor is the Chief Executive Officer of Tor Brokerage LLC. He has extensive experience in brokerage and electronic trading, having held positions at Salomon Smith Barney, Lehman Brothers, and Millennium Partners before founding Tor Brokerage as an electronic trading firm in 2005. Mr. Sandor holds an MS in Computer Science from Polytechnic Institute of Bucharest, an MBA and an MA equivalent from New York University.

  • Anita Lennon, Esq.
    Chief Legal Counsel & Compliance

    Ms. Lennon has 18 years of experience in the financial industry, mostly relating to broker-dealers. Ms. Lennon began her related career in 1997 at the McCabe & Flynn LLP (later called McCabe Flynn and Arangio), as a paralegal and attorney, later assisting broker-dealer and investment adviser clients. Her responsibilities included Web CRD maintenance, communications with SRO’s and State Securities Divisions, regulatory research, rule interpretation, setting up new Member firms for NASD, PHLX, Amex, NYSE, PCoast, writing procedures, working on Continuing Membership applications.

    In 2001, Ms. Lennon founded Baker ANI Consulting Inc., a securities compliance firm, with the idea that she would assist existing broker-dealers and investment advisers with on-going compliance issues and advice. In addition, Ms. Lennon began to complete Independent AML reviews for broker-dealers. She completes many AML reviews every year during which she reviews the business and AML practices of broker-dealers as well as their trading and sales practices. Additionally, Ms. Lennon also set up the Law Offices of Anita Baker LLP in order to properly separate legal versus compliance matters. In 2004, Ms. Lennon began working for a FINRA broker-dealer as general counsel. At that broker-dealer, she spent 10 years, working closely with Compliance, Operations and Senior Management. She has worked on the following: Compliance Reports from Gateway; Annual Compliance Meeting; Annual CEO Certification Process, Branch Office Inspections, WSP, AML and BCP updates and revisions; Outsourced Activities compliance; New Accounts; Outside Business Activities and Outside Accounts of Registered Representatives: Advertising and Sales Literatures; Research Compliance; Electronic correspondence review; assistance to CCO in the following activities: daily activity reports review, order tickets review, and error blotter review; Management of Firm’s CE (regulatory and firm element); registration of new Registered Individuals including on-boarding documents and background checks; Annual FINRA filings; research and interpretation of industry rules and regulations (new and existing); Website Compliance Review and AML Training and Program compliance. Ms. Lennon also negotiated several Clearing Agreements and other agreements for the firm.

  • Stuart Appelson
    Chief Financial Officer

    Mr. Appelson has over 20 years of experience providing accounting, tax, auditing, and consulting services for a diverse group of securities broker/dealers. A graduate of Brooklyn College with a Bachelor of Science Degree in Accounting, Stuart began his public accounting career with Oppenheim, Appel, Dixon and Company, a large public accounting firm that concentrated on providing a wide range of services for the financial services industry. While in public accounting, Mr. Appelson obtained his Certified Public Accountant license and after spending some time in public accounting, accepted a position as Chief Financial Officer for Jonathan Foster and Co., L.P., a boutique broker/dealer that provided investment banking services, engaged in private placements and Initial public offerings, acted as agent or principal for retail or institutional customers, and ran an affiliated hedge fund mainly for accredited investors.

    During his years in the securities industry Mr. Appelson has obtained many licenses including the Series 3-Commodities Representative, Series 4-Registered Options Principal, Series 7-General Securities Representative, Series 8- General Securities Sales Supervisor, Series 24-General Securities Principal, Series 27-Financial and Operations Principal, Series 53-Municipal Securities Principal, Series 63-Uniform State Law Exam, Series 65-Investment Advisor Representative, and the series 14-NYSE Compliance Official.

    Moving on from Jonathan Foster & Co., L.P. Stuart accepted a position as Chief Financial Officer for W. J. Nolan & Company, Inc. ("W. J. Nolan") a New York Stock Exchange member firm. W. J. Nolan operated as a full service broker/dealer that focused on Government Bonds and Mortgage Backed securities. While with W. J. Nolan he also became their Compliance Registered Options Principal and Senior Registered Options Principal. After W. J. Nolan, Mr. Appelson is currently focused on providing his services for a variety of broker/dealers where he can be a Financial Operations Principal, Chief Compliance Officer, Registered Options Principal, or General Securities Principal.

  • George Hessler
    Head of Sales

    Mr. Hessler has over 25 years of experience in financial services. Previous to Magma and Brokerage LLC, Mr. Hessler was the CEO of Deep Liquidity, Inc. and served as CEO and President of Stock USA Execution Services, Inc. Mr. Hessler previously was EVP of Lime Brokerage, an electronic agency brokerage. Prior to Lime, he served as SVP and member of the management committee of Lava Trading Inc., an innovative electronic trading firm that was acquired by Citigroup in 2004. Mr. Hessler holds an AB degree from Harvard College in Applied Mathematics and an MBA from Harvard Business School.

  • James O'Reilly
    Head of Business Development

    Mr. O'Reilly's career spans over 25 years in trading. He was the founder and COO of Gate Technologies LLC, an ATS trading platform for illiquid and private securities. Prior to Gate, Mr. O'Reilly was instrumental in implementing the OTC trading systems at Alliance Bernstein. He began his career at Charles Schwab, where he was Head Trader in the Equities Division. Mr. O'Reilly holds a BBA in Management & Entrepreneurship from Hofstra University.

  • Mohan Thurairajah
    Chief Technology Officer

    Mr. Thurairajah has more than 15 years of experience designing and building world-class trading systems. Mr. Thurairajah spent seven years at the Intercontinental Exchange (ICE). Previously, he was Global Head of Connectivity and Tech Lead at TradingScreen. He served as a Research Assistant in Computer Science at Oxford University. He received a Bachelor of Science degree in Computer Science & Mathematics (1st class) at the University of London.

  • Craig Kravetz
    Head of Product Development

    Mr. Kravetz most recently has worked at Intellect in a liquidity risk management role. He has worked at Gate and was COO of ATM, a firm that develops and runs trading algorithms. Previous to ATM, he worked at Lava Trading, where he held the position of Director of Client Services. His experience spans over 20 years, including roles at Davidsohn, Nasdaq, Sungard, and GoldenSource. Mr. Kravetz is a graduate of the University of Wisconsin-Madison.

  • Elaine Pang
    Managing Director, Sales

    Ms. Pang has over 25 years of experience in sales and trading. Ms. Pang previously served as Managing Director at firms that include Oppenheimer and Cohen & Company. Ms. Pang was EVP at Countrywide Securities, and prior to that she worked in sales and trading at Deutsche Bank and Kidder Peabody. Ms. Pang holds a BA in Finance from LaSalle University.

  • Michael Holstein
    Managing Director, West Coast Sales

    Mr. Holstein has almost 25 years of experience in electronic trading. Prior to Magma, Mr. Holstein worked at ITG, where he covered the universe of electronic products for ITG's West coast asset management and hedge fund clients, from 2009 until 2016. Prior to that, he worked for Citigroup’s Automated Trading Desk, distributing their high frequency execution platform to retail and sellside algorithmic clients. From 2001 until 2007, Mr. Holstein ran the West coast operation for Lava Trading Inc, the firm that pioneered smart order routing, as well as created Citigroup's now defunct LavaFlow ECN. Prior to that, Mr. Holstein managed trading technology operations for Hambrecht & Quist, which was acquired by JPMorgan in 2000. His first job out of college started in 1994, managing the trading technology platforms for Montgomery Securities on their OTC and Listed trading desks. Montgomery was acquired by Bank of America in 1999.