Cboe ex-Head of Equity Options Joins Cryptocurrency Firm AlphaPoint

The flow of executives from the traditional, institutional financial world to the cryptocurrency ecosystem is continuing unabated. On Friday, AlphaPoint – a company that tries to make illiquid assets liquid through blockchain technology – announced that it has appointed Kapil Rathi, options exchange Cboe’s former Head of Equity Options, as Global Head of Trading Markets.

Rathi has an array of experience in both the technology and financial sectors. His career started way back in 1995, when this author was but a lad, at technology company Aithent.

After spending a couple of years with the firm, he moved on to the American behemoth that is AT&T. Working as a Senior Project Manager, Rathi stayed at the firm for over five years.

It was after his time there that he got his start in the financial world as he moved to the New York Stock Exchange in 2004. During his brief stint with the exchange, Rathi helped develop its first matching engine.

From ISE to Cboe

Likely as a result of that work, he moved on to options exchange ISE – a company that was acquired by Nasdaq in 2016. Rathi spent ten years at the firm as Head of Product Management.

In 2015, Rathi moved to BATS Global Markets – a stock exchange operator – where he was SVP and worked on Options Business Strategy. After BATS was acquired by Cboe in 2017, Rathi became Head of Equity Options.

He held that position until this month, when, as noted, he moved to AlphaPoint. According to a statement released by the cryptocurrency firm, he will “will lead and manage its trading and exchange business.”

“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,” said Salil Donde, AlphaPoint CEO. “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.”

(Photo: flickr)

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