Robinhood Names Surabhi Gupta as VP of Engineering

Robinhood, a commission-free stock trading app, announced this week that it has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.

As the VP of Engineering, Gupta will oversee product engineering at the company. This includes all of Robinhood’s customer-facing products on its platforms, such as investing in stocks, options, cryptocurrency, and cash management, the company said in a statement on Thursday.

Commenting on her new role, Gupta said in the statement: “The commitment the Robinhood team has to their customers and their mission, and the tremendous focus on building products that make finance more accessible and approachable, is truly unique.

“I’m excited to help people improve their understanding of finance, take control of their money, and participate in the financial markets with Robinhood.”

Robinhood to strengthen its offering

Gupta joins at a time when a wave of interest has come to the trading markets as the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic has brought Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term well and truly back into the markets. According to Robinhood, interest in investing has reached historic levels in recent months, and the company is focusing on supporting its clients during this time.

As the VP of Engineering, Gupta will help the stock trading company grow its engineering team as Robinhood prepares to roll out new features such as fractional shares and improve its existing offering.

As Finance Magnates reported, in March, Robinhood suffered from a system-wide outage that prohibited its clients from being able to access their accounts, leaving its users furious.

There were a couple of theories floating around as to what caused the crash – a Leap Day bug, high trading volumes, and others were all pointed to as the reasons. However, the company revealed that it was due to stress on its infrastructure due to high trading volumes.

Gupta joins Robinhood from Airbnb, where she most recently held the position of Director of Engineering. In this role, she led Airbnb’s Homes engineering team. Before this, she worked at Google.