Security-Token Exchange VRBex Names Chuck Ocheret as First CTO

NEW YORK, May 3, 2018 /PRNewswire/ -- Chuck Ocheret, a 30-year software-engineering veteran in the finance, multimedia, and science industries, has joined VRBex, a cryptocurrency exchange and security-token trading platform, as its first chief technology officer, effective immediately, the company announced.

Ocheret was most recently chief innovation officer at NEX Optimisation, a financial-technology firm, which he joined in August 2016. His focus there was on the integration of distributed ledger, AI, cloud, and cyber security technologies. He is also on the CFTC's (Commodity Futures Trading Commission) Technical Advisory Committee.

VRBex pre-sale ICO opened on April 23. It runs through June 18 at 7 a.m. (EST). The main sale begins that same day at 8 a.m. (EST) and closes on July 23 at 8 p.m. (EST).

Ocheret reports to VRBex CEO Gene Grant, who said, "Chuck is deeply knowledgeable about building end-to-end systems in a robust way to make sure people's assets and digital wallets are secure. His experience with fintech companies and disruptive approaches, which requires tremendous interaction with regulators, will be a key contributor to the success of VRBex."

Throughout his career, Ocheret, who will divide his time between New York and VRBex's headquarters in Houston, Texas, has run technology, architecture, and development at tier-one hedge funds and investment banks where his responsibilities included the supervision of algorithmic trading, program trading, index and statistical arbitrage, and client and market connectivity for high-volume trading operations.

Before NEX Optimisation, he spent three years as director of cloud product development and R&D at CSC, a global provider of IT and professional services across all sectors.

"Building elegant, industrial-grade, secure, and high-performance systems is my business," Ocheret said. "At VRBex, we're building systems from inception that will allow agility within this rapidly evolving technical, business, and regulatory environment. Trust is a big issue in financial services and is sorely needed in the cryptocurrency markets. We'll provide that."

Ocheret holds degrees in biomedical and electrical engineering from The Johns Hopkins University. He began his career at Bendix as an engineer in the algorithm development group and held software-engineering positions with increasing executive responsibility at companies, such as American Data Systems and Market Vision.

He joined Morgan Stanley as a senior staff engineer, responsible for implementation of one of the first real-time automated trading and research environments.

As a partner at Thinkbank and later as Managing Director at WR Hambrecht+Co, Ocheret was responsible for OpenIPO, OpenBook, and other auction systems, including the Freddie Mac reference note auction system.

In 2005, Ocheret joined UBS as executive director and head of U.S. Program Trading and as U.S. Equities architect. He went on to Managing Director positions at Bear Stearns, J.P. Morgan Chase, and Deutsche Bank.

In 2012, Ocheret founded ReadyPosition, a consultancy providing advisory services and custom software services for BBVA, Sberbank, and a wide variety of startups.

About VRBex 
Established in 2018 and based in Houston TX, VRBex intends to establish a cryptocurrency exchange and security-token trading platform that seeks to be compliant with U.S. financial regulations. It plans to offer a robust, transparent and secure platform for exchange of US$ for select cryptocurrencies; a platform for the trading of security tokens; and digital VRBex wallets. Read more at VRBex.com.

Contact 
Jay Kolbe 
vrbex@clarity.pr 
T: +1 646 934 6924 |  
M: +1 646 499 1059

Disclaimer: This press release is not intended to be an offer to sell, or a solicitation of any offer to buy, any security or other financial instrument or to invest in the tokens issued by VRBex ("VRBex Tokens").  The offering of VRBex Tokens has not been registered, qualified, or approved under any securities, futures, financial instruments, capital markets, or exchange control legislation, regulation, or ordinance of any jurisdiction. In all jurisdictions, any offer to sell or solicitation to buy VRBex Tokens, when made, will  be directed solely to qualified institutional investors, qualified professional investors, and those other sophisticated persons to whom offers and solicitation may be made without any licensing, registration, qualification, or approval under applicable law. Before you decide to invest in VRBex Tokens, you should carefully read the VRBex offering documents and consult with your own advisors.  An investment in VRBex Tokens is speculative and involves risks, which you should understand prior to making an investment.

The private placements of VRBex Tokens have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and the VRBex Tokens are being offered pursuant to an exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act and in reliance on similar exemptions under applicable state laws. An investment in VRBex is suitable only for sophisticated, well-informed investors, and investors will be required to represent that they are accredited investors as such term is defined in Rule 501(a) of Regulation under the Securities Act.

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SOURCE VRBex