# Sam Tegel

> Sam Tegel is the CEO of ElectronX, the Chicago-based exchange that in 2026 launched the first U.S.-regulated, direct-access power derivatives market. After more than two decades building market-making and liquidity businesses at firms like Jump Trading, Millennium, Sun Trading and Caherciveen Partners, Tegel now sells 1-megawatt-hour electricity futures and binary options to anyone exposed to the wild swings of the modern grid - from battery operators to bitcoin miners. ElectronX has raised more than $55 million and holds both Designated Contract Market and Designated Clearing Organization status from the CFTC.

- **Role:** Chief Executive Officer at ElectronX
- **Organizations:** ElectronX, Sage Capital Markets, Millennium, Jump Trading, Caherciveen Partners, Sun Trading LLC
- **Nationality:** American
- **Education:** BA in Economics, Northwestern University, Computer Science studies, University of Chicago, Chartered Financial Analyst (CFA), CFA Institute
- **Known for:** Led ElectronX to become the first U.S.-regulated, direct-access power derivatives exchange, Secured both Designated Contract Market (DCM) and Designated Clearing Organization (DCO) approvals from the CFTC in 2025, Raised more than $55 million across seed and Series A rounds for ElectronX

## Career timeline

- **2001** — Began trading independently in global electronic markets
- **2000s** — Led the U.S. equities market-making team at Sun Trading LLC
- **2010s** — Head of Trading at Caherciveen Partners
- **2010s** — Head of Liquidity Strategy at Jump Trading, building global market-making businesses
- **2010s** — Senior Strategy Development Officer to the Chief Trading Officer at Millennium
- **2018** — Founded Sage Capital Markets, a C-suite advisory firm for trading-industry participants
- **2023** — Became CEO of ElectronX (joined September 2023)
- **2024-06** — ElectronX secured $15M seed funding led by Innovation Endeavors
- **2025-08** — ElectronX granted DCM and DCO status by the CFTC
- **2025-11** — ElectronX raised $30M Series A led by DCVC, passing $55M total
- **2025-12** — Limited soft launch of ERCOT power derivatives
- **2026-02** — Full launch of first U.S.-regulated direct-access power derivatives for ERCOT

## Achievements

- Led ElectronX to become the first U.S.-regulated, direct-access power derivatives exchange
- Secured both Designated Contract Market (DCM) and Designated Clearing Organization (DCO) approvals from the CFTC in 2025
- Raised more than $55 million across seed and Series A rounds for ElectronX
- Launched hourly bounded futures and binary options in 1 MWh sizes for the ERCOT market
- Built global market-making businesses across multiple asset classes at Jump Trading
- Founded Sage Capital Markets in 2018

## Latest updates

- **2026-02** — ElectronX fully launched its first direct-access U.S. power derivatives for ERCOT after a December 2025 soft launch.
- **2025-11** — Closed a $30M Series A led by DCVC, with XTX Markets, Five Rings, GTS, NGP and others joining; total raised passed $55M.
- **2025-08** — Granted DCM and DCO status by the CFTC.

## Links

- Website: https://electronx.com
- LinkedIn: http://www.linkedin.com/in/samtegel

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Profile page: https://yespress.io/sam-tegel
Published by YesPress — https://yespress.io
Last updated: 2026-06-06