BATS Global Markets (BATS) has hired Kapil Rathi as Vice President, Options Business Strategy.
Rathi joined BATS on 23 February after 10 years in key roles at the International Securities Exchange (ISE) and is working closely with Jeromee Johnson, Vice President, Options Business Strategy, as a senior member of the BATS Options team. Both Rathi and Johnson report to Bryan Harkins, Executive Vice President, Head of US Markets.
Harkins says: “BATS Options has more than doubled in size during the past year and we’re always seeking to bring in top talent to work with the existing team to help continue to grow the business. Kapil fits well into the unique culture which drives our success at BATS and his experience, market structure knowledge and ability to develop innovative products will play a significant part in propelling our market even further.”
BATS recorded options market share of 8.2% in February, the company’s second-best month on record and an increase from 3.6% in the year-ago period.
Most recently, Rathi was Head of Product Management, at ISE, leading a team of product managers in developing new product offerings. In particular, he was instrumental in building ISE’s Complex Order Book and was also in charge of ISE’s core matching engine, market data products and order routing strategies.
Previously, Rathi worked for SIAC as part of the New York Stock Exchange as well as AT&T and Aithent Inc. He holds an MBA in finance from the Fordham Graduate School of Business, New York.
Rathi joins the BATS team at the company’s office in lower Manhattan.