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RKSV and its history: who are its founders and what does “RKSV” stand for?

in Basics of trading
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RKSV: Its history

RKSV was founded in 2009 by three founders: Raghu Kumar, Ravi Kumar and Shrinivas Viswanath. All three founders are originally from the US, but decided to make a permanent  move to India.

Raghu Kumar is the head of operations at RKSV and also manages its trading desk. Ravi Kumar is the head of business strategy and overlooks key, high-level strategic decisions. Shrinivas Viswanath is the head of technology and overlooks all technology and product management.

Prior to founding RKSV, the founders had experience trading on Spot Foreign Exhcnange, Equities, Futures and Options, and Commodities on all leading exchanges across the world. The founders ran a proprietary trading firm in Chicago, USA from 2006-2008 prior to moving to India. The firm traded actively on the CME (Chicago Mercentile Exchange), NYSE (New York Stock Exchange), and some of the leading stock exchanges in Europe.

From 2009-2011, RKSV ran a proprietary trading desk. It traded all segments on the NSE, BSE, and MCX using DMA (Direct Market Access) technology and HFT (high frequency trading) through algorithmic trading. (Click here to know more about algorithmic trading). RKSV was one of the first firms to actively participate in HFT in India. Since 2009, RKSV has maintained a separate proprietary trading division within its company.

In 2012, RKSV decided to enter the retail trading industry and disrupt it by introducing a revolutionary low cost pricing plan to target traders and investors. It has gained tens of thousands of customers across India and accounts for approximately 2% of the entire country’s turnover on any given trading day.

What does “RKSV” stand for?

“RKSV” stands for the initials of the founders of the company: Raghu Kumar, Ravi Kumar and Shrinivas Viswanath.