Former Cboe Head of Equity Options Kapil Rathi Joins Global Blockchain Company AlphaPoint
New York, Nov. 02, 2018 (GLOBE NEWSWIRE) -- AlphaPoint, a leading blockchain company focused on enabling institutions to launch, scale, and operate digital asset exchanges globally, today announced that capital markets and options industry veteran Kapil Rathi has joined the company as Global Head of Trading Markets and will lead and manage its trading and exchange business.
Rathi joins AlphaPoint with nearly 15 years of experience in capital markets and electronic trading. He was previously the Head of Equity Options at Cboe Global Markets, where he led the execution of Equity and ETF options business strategy across its four options exchanges, which account for over a third of the industry market share. He joined Cboe as a result of the Cboe and Bats merger and earlier played a critical role in building and growing Bats Options business as SVP, Options Business Strategy. Under his leadership, Bats Options market share increased more than 40% and reached record levels of revenue and profitability. Prior to Bats, Rathi held product and technology leadership roles at the International Securities Exchange (ISE), New York Stock Exchange, and AT&T.
“Institutions have not only started to accept cryptocurrencies and digital assets but are also creating new financial products based off of them,” said Rathi. “I have seen customer demand for new financial products in crypto grow over the past few years and I am very excited to join AlphaPoint, a company that is on the frontlines of helping institutions bring viable and successful products to market. AlphaPoint has constantly introduced new innovations and products in the crypto and blockchain space and helped financial institutions like banks, exchanges, brokers, and trading firms in embracing this remarkable technology, such as the newly announced smart baskets.”
“Kapil is an incredible market structure expert with deep understanding of regulated securities industry and has played leadership roles in the development of multiple options exchanges. As AlphaPoint continues to develop technology to help firms bring new financial products to market, we are thrilled to have Kapil on board and know that his experience and leadership will support our growth and ongoing innovation,” said Salil Donde, AlphaPoint CEO. Rathi joins a team of experienced executives who share extensive senior experience across capital markets, FinTech, exchange technology, options, FX, equities, structured products, and financial services. In this new growth phase, Rathi will further advance AlphaPoint’s mission of making Illiquid assets liquid for a wider audience of investors. About AlphaPoint AlphaPoint is a global financial technology company helping institutions make illiquid assets liquid. Through its secure, scalable, and customizable distributed ledger platform, AlphaPoint enables customers to digitize assets as well as launch and operate markets with its white label exchange and asset digitization technology. AlphaPoint and its award winning blockchain technology has helped institutions discover and execute their blockchain strategies since 2013. For more information, please visit https://alphapoint.com and follow @AlphaPointLive.
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