Annanay Kapila ran trading strategies that moved $10 billion a day, roughly the GDP of France. He walked away from it all to build QFEX, the 24/7 global stock exchange he always wished existed. In this interview, Annanay opens up about: 1. Why high-frequency trading "adds no value to the world," and how firms quietly extract billions through structural flaws like scheduled futures expiry 2. The "golden handcuffs" that keep Cambridge mathematicians and Math Olympiad medalists trapped in finance 3. How FTX’s product innovation (not its fraud) pushed him to rebuild traditional exchanges from scratch 4. The disaster during YC’s…

