AlphaPoint Exchange Names Kapil Rathi, Former CBOE Exec, As Global Trade Markets Headbr>
The AlphaPoint digital asset exchange platform has named Kapil Rathi, the former head of equity options for CBOE, as its global head of trading markets. He 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, CEO of AlphaPoint.
Rathi joins AlphaPoint after 15 years of experience in capital markets and electronic trading. At CBOE, 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 after its Bats merger, where he had a critical role in building and growing the Bats Options business as SVP, options business strategy. 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.”