Traders Magazine
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Kapil Rathi, co-founder and chief executive of CrossTower, said the investment and trading firm is providing traditional Wall Street infrastructure to allow institutions to trade cryptocurrencies, which he expects to become regulated.
Rathi told Markets Media: “Five years down the line when crypto assets are regulated we will be ready, which is a differentiator.”
He has experience of building exchanges in a regulated environment having previously held senior leadership roles at NYSE, Bats, ISE and Cboe. Rathi managed four equity options exchanges at Cboe, launched a new options exchange at Bats, and built multiple innovative trading products at ISE.
Traders Magazine
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MarketAxess Holdings, the operator of an electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, appointed
Raj Paranandi as Chief Operating Officer, EMEA & APAC. The appointment is effective March 1. Based in London, Paranandi will have day-to-day operational oversight for EMEA & APAC, including technology and product development, client and account services, data operations, regulatory operations and controls, settlements and middle-office functions. Paranandi joins MarketAxess from UBS, where he was most recently Global Co-Head of Digital Transformation for UBS Global Markets & Global Head of Change for UBS Investment Bank. Previously, he spent four years as Global Chief Operating Officer for FX, Rates and Credit at UBS Investment Bank.