Paul Chou
Paul L. Chou was the chief executive officer and co-founder of LedgerX, a trading and clearing platform for bitcoin options. He is a securities trader, software engineer and financial entrepreneur. He was appointed to the CFTC’s Technology Advisory Committee (TAC) in January 2016, [1] but was removed from the committee in September of 2019 by the CFTC's unanimous decision after he wrote a post on a blog implying that former CFTC Chair Chris Giancarlo had given preferential treatment to the ICE/Bakkt bitcoin futures approval over LedgerX.[2] Chou was placed on administrative leave by LedgerX in December 2019 along with his wife, Juthica Chou, who served as the company's president and chief risk officer.[3] A January 14, 2020 company announcement about personnel changes revealed that both Chous' departures were permanent.[4]
Background[edit]Before becoming CEO of LedgerX, Chou co-founded and ran Opez, a software company that received funding from the Y Combinator program, a startup accelerator fund which has sponsored Dropbox, Reddit and Airbnb. Prior to Opez, Chou was a trader on the quantitative cash trading desk within the securities division of Goldman Sachs, where he was responsible for the development, trading and risk management of algorithmic equity trading strategies for U.S. and Japanese markets. Education[edit]He received a B.S. in Computer Science and a B.S. in Mathematics from the Massachusetts Institute of Technology. While at MIT, he worked in the Laboratory for Financial Engineering to develop models of market participant behavior in limit order books given the introduction of stochastic, asymmetric information. References[edit] |
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