|Location||New York, New York|
Paul L. Chou is the former chief executive officer and co-founder of LedgerX, a swap execution facility and derivatives clearing organization for bitcoin options and day-ahead forward contracts. He is a securities trader, software engineer and financial entrepreneur.
He was appointed to the CFTC’s Technology Advisory Committee (TAC) in January 2016,  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 Chairman J. Christopher Giancarlo had given preferential treatment to the ICE/Bakkt bitcoin futures approval over LedgerX. He was placed on administrative leave with LedgerX in December 2019, along his wife, Juthica Chou.
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.
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.
- Management Team. LedgerX.
- LedgerX Claims ‘Personal Animus’ Drove Ex-CFTC Chair to Stall Approvals. Coindesk.
- LedgerX Announces Change to Executive Leadership. PR Newswire.