Head - Technology & CSQ
MCX Stock Exchange
Mr. Narendra Ahlawat heads the Market Operations, Technology and Customer Service departments at MCX Stock Exchange (MCX-SX). He is a veteran finance professional with over 25 years of experience, including 16 years in the Securities Industry. Owing to his long stint in this industry and hands-on experience in different aspects of securities and derivatives market, Mr. Ahlawat has gained a deep insight into policies and practices related to the sector.
Mr. Ahlawat holds a Post Graduate Diploma in Rural Management from IRMA and has been a rank-holder in his class. He is also a Chartered Financial Analyst from Institute of Chartered Financial Analysts of India, Hyderabad. To add to his credentials, he is also a certified Six Sigma Greenbelt holder.
Chief Business Officer
Financial Technologies (India) Limited
Mr. Parag Ajmera is responsible for FTIL's suite of trading technology products. He strategizes, oversees and guides the creation of new generation trading technology products which enable Indian brokerage houses and other investors to seamlessly connect to various exchanges and trade in multi-asset classes including equity, commodity, currency and energy.
Mr. Ajmera brings along nearly two decades of rich professional experience, which includes more than 8 years in the United States of America (USA). While in the USA, he has worked in many reputed organizations in BFSI and Telecom Sector.
Mr. Ajmera is a techno-functional expert with an in-depth understanding of the financial markets. His deep understanding of the trading technology business as well as the IT processes including Equity and Derivative Trade Life cycle, Art Auction Life Cycle, Software Development Life Cycle (SDLC) and Project Life Cycle (PLC) stands him in great stead to lead the Marketing, Sales, Pre-Sales Teams of FTIL. He also leads a team involved in addressing client issues and providing timely solutions for client grievances.
Mr. Ajmera has contributed to some of FTIL's recent achievements. FTIL's flagship brokerage product ODIN™ continues to be the first choice of every brokerage house in India. ODINTM's capabilities have been enhanced to enable trade in new exchange segments such as NSE currency derivatives and many RMS features have been added to enhance its risk management capabilities. ODIN™ Program Trading, FTIL's product offering in automated trading, has been significantly augmented in terms of speed, execution capabilities and execution avenues such as NSE, BSE, NCDEX, etc. For larger institutions, FTIL has introduced execution-based ALGOs which enable better execution of large quantity orders. For Propdesk Traders, FTIL has launched over 30 strategies in different categories including Arbitrage-based, Technical Trading based, Options-based and Execution-based strategies among others.
Under Mr. Ajmera, FTIL continues to remain one of the leading providers of end-to-end STP technology solutions for Institutional Investors and related counterparts. The intelligent messaging solutions by FTIL provide a seamless STP framework and bring brokers, fund managers and custodians together through secure online connectivity on a common messaging platform. He also leads the business of FTIL's consulting arm, the Enterprise Solutions Group (ESG), which has been catering to large corporates across sectors for their various needs such as IT Governance, Risk Management & Compliance; Software Testing & Quality Assurance; IT Infrastructure & Service Management; IT Design & Implementation.
Mr. Ajmera's technological innovations in FTIL's product suite have been appreciated by market participants. He holds a B.E. degree in Computer Science from University of Gujarat.
Sr. Vice President
Kotak Institutional Equities
Omprakash Baldawa has been with Kotak for the past 8 years and is responsible for risk management and financial reporting for the firm. He has 15 years of industry experience in the areas of finance, operations & risk management. He was instrumental in setting up risk division & ensuring adequate risk controls for Electronic, DMA & Algo Trading. He is a Chartered Accountant by qualification.
Sales, Buyside Trading Solution (AIM), SE Asia and Middle East
Masters in Business Administration from Indian Institute of Finance, New Delhi. More than 12 years in Indian Financial Services Sector dealing with electronic trading, regulatory compliance, risk, pre-trade, trading and post-trade work-flows and process.
MD & CEO
Ashish is the MD & CEO of the BSE Ltd., Asia's first stock exchange. He serves on the Board of ICCL, CDSL, USE, BOISL, BSE Training Institute and Marketplace Technologies Limited and is a member of the Board of Governors of IIIT D&M, Jabalpur. He serves on several government and regulatory committees; CBDT, SEBI and FMC, among others.
Ashish was part of the 5 member team that set up NSE and set up NSE's equities and derivatives segments. He was the Group CIO of the Reliance group and was ranked amongst the top 50 CIOs in the world by several magazines and institutions. He also headed the Corporate Communications for Reliance group in between and was the CEO of Mumbai Indians.
Ashish holds a B.Tech in Mechanical Engineering from IIT Bombay and PGDM from IIM Calcutta.
Executive Director, Electronic Trading
Michael has been with GSET (Electronic Trading) since 2006 its New York, Tokyo, and Hong Kong offices, focusing primarily on sales and marketing. He previously chaired the Asia innovation team (SOR, TCA, internalization, algos) and regularly engages in product development and thought leadership. Michael has co-chaired the FPL's Asia Pacific Education & Marketing Committee since 2012 and has been active with FPL for 3 years. Michael holds a BBA from The University of Texas at Austin’s Red McCombs School of Business.
Executive Director, Head of GTR, Asia
David Firmin is head of Instinet's Global Trading Research group in Asia and is responsible for algorithmic trading product and development as well as pre-, real-time and post-trade analytics for the region. David joined Instinet in 2002 as part of their European algorithmic trading team. Before moving to Asia in early 2012, he held senior roles in the algorithmic and systematic trading groups of both Instinet New York and Instinet Europe specialising in the design and development of cash equity algorithmic trading strategies.
Prior to joining Instinet, David worked as a business and technical analyst in London and Frankfurt for Capco, a consulting firm specialising in the finance industry. David holds an MSci (Hons) degree in Chemistry having studied at the University of Bristol, UK and the University of Heidelberg, Germany.
Russell Gaitonde is a Partner in BMR's corporate tax practice in Mumbai. With specialization in tax and regulatory matters, Russell has over 15 years of experience in advising financial services groups on matters related corporate tax, foreign investment and exchange control regulations, banking laws, securities laws and insurance regulations.
He has advised clients on issues ranging from entry and exit strategy formulation, transaction structuring, business re-organizations, product development, as well as foreclosure and insolvency related issues. He has worked on several engagements involving complex issues relating to the banking, NBFC and micro-finance sectors; the wealth management space, asset management, securities entities, FIIs / Private Equity funds; special situations; as well as structured products.
Co-chair, India Working Group, FIX Protocol Limited, and
Executive Director & Head - Markets Technology
JP Morgan India
Kumar Goradia manages front and back office technology for JP Morgan's markets facing businesses in India. Prior to JP Morgan, he managed the equity, listed derivatives, and operations technology initiatives of Citigroup Global Markets in the country. He has also looked after application technology, algorithmic trading, quantitative studies, and India access products for the Institutional business of MF Global India, as well as treasury technology at ICICI Bank and brokerage industry software services at Mphasis Ltd.
Additionally, Kumar spent 10 years with a private Indian brokerage, where he ran arbitrage trading, B2B franchise solutions, clearing, risk management, compliance, back office, & sales. He also served on the BSE’s technology committee, and is currently India co-chair of FPL.
Kumar has a B.E. from the University of Bombay, and an M.S. from Virginia Tech in the United States.
First Derivatives (Australia)
Rob Hodgkinson has worked in Information Technology, developing software in financial markets with a focus on financial mathematics, for over thirty years.
In 1992 Rob co-founded Financial Market Software Consultants (FMSC) and developed the Automated Securities Trading System, which was sold to many securities exchanges throughout the world including Shanghai, Jakarta, Moscow, Montreal, Istanbul, Oslo, Helsinki, and Budapest before the company was sold to Computershare and the system acquired by Nasdaq OMX.
Rob is currently a director of First Derivatives (Australia) Pty Ltd, a company specialising in capital markets projects. Rob heads up the exchange initiative, developing low latency solutions for exchanges globally, wherein high-frequency and algo trading technology is applied behind the exchange to capture, monitor and analyse all streaming market data for market monitoring, compliance and surveillance.
Forefront Capital Management
Anant is the Co-Founder and Director of Forefront Capital Management, a leading India focused quantitative investment manager managing discretionary and advisory mandates for institutional and high net worth investors. Forefront launched India’s first domestic hedge fund under SEBI’s Alternative Investment Fund Regulations.
Prior to co-founding Forefront Capital Management, Anant was a portfolio manager at AQR Capital Management, a seventy billion dollar quantitative asset management firm in Greenwich (Connecticut), USA. As a member of the Global Stock Selection team, Anant researched and built systematic stock selection and sector selection models for developed and emerging equity markets. He created and successfully traded new global strategies based on stock loan and short interest information, as well as dividend signaling strategies in Europe. He also managed and traded multi-billion dollar long-short, relaxed constraints, and long-only equity portfolios across developed and emerging markets.
Anant graduated cum laude from the Management and Technology Program at the Wharton School (University of Pennsylvania) with a B.S. in Economics (Finance, Management) and a B.S.E in Computer Engineering.
National Stock Exchange of India
Suprabhat Lala, Vice President, heads the Trade Department at the National Stock Exchange of India (NSEIL). During his ten year tenure at the organization, he has handled various portfolios at NSE. He has extensive experience of around 21 years in the area of finance. Prior to his current posting, he has managed operations for a premier sell side brokerage house, one of the largest in the retail segment. There, he was responsible for all businesses including equities, derivatives, clearing and depository, and prime brokerage.
Regional Director, Asia Pacific, FIX Protocol Ltd, and
Mr. Edward Mangles is the founder and Publisher of GlobalTrading, the official publication of the FIX Protocol. He has a long history within the financial technology sector and has worked closely with FPL for a number of years. He has supported the organisation’s Asia Pacific committee for the past 10 years, playing a key role in promoting FIX adoption across the region. He has also worked for leading financial publishing and marketing firms in both London and Hong Kong. In March 09 Mr. Edward Mangles was appointed FPL Asia Pacific Regional Director.
Vice President, Asia Pacific Electronic Trading, Global Execution Services (GES)
DSP Merrill Lynch (DSPML)
Vinata Mhatre has been with DSP Merrill Lynch Ltd (DSPML) over 8 years. Her primarily responsibility is Electronic Sales & Coverage since its introduction by DSPML. She is also actively involved in Algorithm strategies, SOR, regional markets coverage and Indian regulatory reviews & has been associated with FPL India Working Group for 2 years. Vinata has overall industry experience of 15 years in equities & derivatives sales trading & execution. She holds CFA from ICFAI, Hyderabad (India) and Bachelors degree in Commerce from the University of Mumbai.
Chairman, Forum Trading Solutions and
Managing Director, Misra Ventures
Hirander is Chairman of trading technology provider Forum Trading Solutions and Managing Director of Misra Ventures, a consultancy providing specialist senior level advisory services helping trading firms deliver change in business strategy, market structure, trading and regulatory compliance. Previously he was a Co-Founder and the Chief Operating Officer of Chi-X Europe Ltd, instrumental in taking the company from concept to successful launch. At the time of his departure in February 2010, Chi-X Europe was the second largest equities trading venue in Europe, just behind the LSE Group and was subsequently sold to BATS Global Markets in November 2011 for $365m.
Co-chair, India Working Group, FIX Protocol Limited, and
Head of IT,
Kotak Securities Institutional Equities
Chetan Pandya heads Information Technology at Kotak Securities - Institutional Equities, India's leading institutional broking firm. He has over 16 years of experience in the Indian capital markets in various functions ranging from equity sales, trading, operations, projects and IT.
Over the years, Chetan has been closely associated with the changing landscape of front office and operations technologies in the Indian capital markets. He was involved in setting up the earliest private broker network in India in 2000-01 and using trading applications on them in India. Since then, he continues to be actively involved in the evolution of electronic trading in India and also evangelizes the FIX protocol amongst market players in India.
James M. Rae
Head of AES Sales Asia
James Rae is a Credit Suisse Director and Head of AES Sales Asia. James has been with Credit Suisse for 9 years - in New York, Singapore, and most recently Hong Kong. Prior to joining Credit Suisse James worked with Instinet in the U.S. and Japan, as head of electronic sales. James was the co-chair of FPL's working group in Singapore before moving to Hong Kong and he remains active with FPL regional initiatives.
Sundaram Mutual Fund
Based in Chennai as a buy side trader covering cash and derivatives for Indian markets. Total industry experience of 10 years with 4 years in Kotak Securities prior to joining Sundaram Mutual fund in 2007.
Country Head - Financial Markets
Sriram has been working in the Banking and Financial Sector for 18 years. He is the Country Head at Thomson Reuters, Financial Markets. He is responsible for managing revenue across all segments in the Financial Markets across South Asia. Formerly he has been the Regional Sales Director, Asia pacific at SunGard and prior to that headed Reuters Risk Management Division for South Asia for over six years. Sriram started his career in the banking sector as a dealer at ICICI Bank, Treasury team. He is a Chartered Accountant by profession from the Institute of Chartered Accountants of India.
Manager - Investment Operations
Tata Asset Management Ltd
Vishtaspa Rana has been the Manager - Investment Operations at Tata Mutual Fund since 2004. His responsibilities cover equity cash market, derivatives and algo trading.
He obtained his graduate diploma in Business Administration from S.I.E.S College of Management, and Bachelor Degree in Commerce from University of Mumbai.
Electronic Execution Sales/Trading
Abhishek Rastogi heads Electronic Trading at Macquarie Capital Securities in India.
Abhishek joined Macquarie in 2008 in the Institutional Derivative Sales Team in Mumbai. He then moved to establish Macquarie’s Electronic Trading Platform in India in 2011. Since then the business has grown rapidly as Electronic Trading gathers momentum in India.
Abhishek completed his Bachelors in Management Studies from Mumbai University in 2005 and his Masters In Finance from INSEAD in 2012.
Chief Executive Officer
Sanjay Rawal is the CEO of Open Futures, one of the early entrants into High Frequency Trading in India.
Sanjay has been an entrepreneur for the last 20+ years and started going on the floor of the Delhi Stock Exchange while doing his Bachelor's from Shri Ram College of Commerce, Delhi. He has been involved in trading for these 20+ years and has mentored many young traders.
Suneeth is the Director at QuantInsti, where he is also part of the faculty for the esteemed E-PAT program. He is also the Vice President Technology at iRageCapital, an algorithmic trading technology advisory firm, where he leads the firm's efforts on the technology and innovation fronts.
Prior to iRage, Suneeth was with Lime Group where he was instrumental in developing the core infrastructure for Lime in its early days. Prior to that, he was with Yahoo! R&D where he designed extremely large and scalable architectures targeted at low latency processing of news feeds. He has also done extensive research in DNA Computing and protein computing. His work has been presented at 'Symposium of Unconventional Models of Computing'.
A graduate from Department of Computer Science, IIT Madras, Suneeth brings with him an extensive exposure to high performance algorithms and low latency architectures.
Ambit Investment Advisors Pvt. Ltd.
Vaibhav has been a part of the Investment Advisory team at Ambit since 2008.
Vaibhav, in Ambit manages proprietary money in equity using long short strategy. He also advises couple of offshore funds, investing in India on different strategies. He has generated excellent risk adjusted returns in all types of market. He is instrumental in establishing an AIF (Alternate Investment Fund) for Ambit Investment Advisors in India under the newly issued guidelines by SEBI.
He has an extensive experience across equity proprietary trading and private banking. Prior to joining Ambit, he was the Vice-President of Strategic Risk Group at DSP Merrill Lynch, managing Long/short equity proprietary book as a part of the global group. He managed to generate absolute revenue in a volatile market and outperformed every index in the Indian market and almost all industry players. He was in charge of managing a fund of over USD 550 Mn including managing the risk of the total book onshore and offshore. He also liaised with different market intelligence groups, analyzing the market, sector and stock trends to maximize the risk adjusted returns.
His other previous stints include HDFC Bank where he advised the private banking group on equity recommendations and provided market intelligence.
Vaibhav holds a B.Com degree and is a Chartered Accountant by qualification.
Executive Vice President, Head of Business Development & Risk Management
DSP BlackRock Investment Managers
Pankaj joined DSP BlackRock Investment Managers Pvt. Ltd. in June 2003, and is currently the Head of Business Development & Risk Management. Pankaj has more than 19 years experience in the Banking and Finance sectors. Between June 2002 and May 2003, Pankaj was Head of Pre-Sales and Product Evangelist (Treasury Product) at Infosys Technologies. Prior to that, from April 1993 to April 2002, Pankaj served as Vice President (Risk Management) at Citibank, with assignments covering India, Singapore and the United States. Pankaj holds a Bachelor of Engineering degree in Computer Engineering and obtained his Post Graduate Diploma in Management (PGDM) from XLRI, Jamshedpur in 1993.
Edelweiss Securities Ltd.
Gautam Shroff (Mumbai) Heads Sales Trading at Edelweiss Securities Ltd and has industry experience since 2004. Prior to joining Edelweiss in 2008, Gautam worked as Dy. Head of Trading at Societe Generale-Mumbai wherein had exposure to Cash Market and Derivatives including Program trading. He's done his Masters in Finance from Mumbai Educational Trust (MET), and Bachelors degree in Commerce from the University of Mumbai.
CEO - Currency Derivatives segment and whole time Director
Mr. U Venkataraman is presently the CEO of Currency Derivatives Segment & Whole Time Director, MCX Stock Exchange - India's New Stock Exchange - setting global benchmarks as the market leader in Exchange Traded Currency Futures Platform. He is also a Member of the Governing Board of MCX-SX, which consists of seasoned Regulators, financial market experts, domain specialists, experienced market practitioners and acclaimed academicians.
Prior to joining MCX Stock Exchange, Mr. U Venkataraman was the Head of Treasury at IDBI Bank in Mumbai. His expertise and experience cover a broad business and Product Spectrum - Asset Liability Management, Foreign Exchange, Fixed Income and Derivatives. He has attended several Training Programs in India and abroad in subjects related to Resource Management, Foreign Exchange, Technical Analysis, Trade Finance and International Payments.
In his current assignment he is also involved in developing Business Strategies for Business Development, overseeing the Risk Management Guidelines prescribed under the extant Regulatory Regime as well as overall administration of the Exchange. He has been representing the Exchange in various Regulatory Forums as well as in the seminars organized by Trade Bodies and Associations apart from maintaining rapport with SROs, FEDAI (Foreign Exchange Dealers' Association of India) and FIMMDA (Fixed Income Money Market & Derivatives Association of India).
Co-chair, Repository Working Group, FIX Protocol Limited, and
Managing Director of Software Development, FIX Flyer
Mark Sipos is the Managing Director of Software Development at FIX Flyer, a financial technology company. Mark has been an active leader in the FIX community for 15 years. Sipos founded Tepin Information in 1997 to re-invent institutional trade testing and FIX certification software. Tepin became a leading provider of connectivity testing tools for the largest and most complex buy side and sell side firms. Mark has a passion for making FIX easy to scale and support. Tepin was acquired by FIX Flyer in 2007. FIX Flyer has offices in New York, Boston and Hyderabad with over 160 clients globally and counts some of the world’s greatest financial and technology institutions as partners. Previously, Sipos held key positions in software development at Solomon Brothers, Shearson Lehman, Fidelity Management & State Street Bank.
Head of Sales, South East Asia
Frederic has been with ULLINK for the past 7 years, first as Global Director of Marketing based in Paris, then as Sales for Greater China based in Hong Kong. Now, he is Head of Sales for South East Asia, and manages ULLINK’s Singapore office. Prior to joining ULLINK, Frederic worked for GL TRADE (now SUNGARD Global Trading) for 5 years, in the Professional Services and International Sales Divisions. Before moving into the Financial Markets software industry, Frederic worked on ALCATEL's mobile navigators for 2 years and on SAFRAN’s fingerprints recognition systems for 2 years. Frederic has degrees from Florida State University and University of Paris - Sorbonne.
Chief Technology Officer
Shrinivas cofounded RKSV Securities in 2009 and is currently the Chief Technology Officer. He has experience developing low latency trading systems spanning from exchange connectivity to trading strategies. Prior to founding RKSV, Shrinivas was with Citigroup in Chicago as a technology analyst. Shrinivas graduated with a BS in Computer Science from the University of Illinois in Urbana Champaign.
Chief Business Officer
Mr. V. Balasubramaniam (Bala) has more than 2 decades of experience in managing business and technology operations in the capital markets and derivatives market industry. He did his Masters in Commerce from the University of Mumbai and a Rank holder from the Institute of Costs and Works Accountants of India. He is also a Certified Information Systems Auditor.
He was part of the Core team involved in setting up the National Stock Exchange (NSE) and played a key role in the setting up of NSE trading systems for the Equity segment, creation of indices (Nifty 50), introduction of Certification program and Equity Derivatives market segment of NSE. Post his tenure at NSE, he joined the Reliance Group and worked there for a decade where he was involved in numerous initiatives including handling the automation efforts for various verticals in the group. He also set up and operated the brokerage business at Basis Point Securities and Basis Point Commodities as CEO which specialized in automated trading. He also has three successful startups to his credit. As Co-founder of Marketplace Technologies, he was a key driving force in building Marketplace Technologies into one of India's leading software and IT Services Company focused on stock, commodities, currency and derivatives markets. Marketplace Technologies was acquired by the Bombay Stock Exchange in September 2009 and he joined BSE as Head - Special Initiatives reporting into the MD & CEO. As part of this responsibility, he worked as the Chief Operating Officer of United Stock Exchange a start-up exchange on the Currency Derivatives market space and successfully managed the launch of this exchange till Nov 2010. Currently, he is part of BSE's Executive Management Committee and is the Chief Business Officer responsible for the Trading, Listings, Data and Index business. He also oversees the Training business which is housed under BSE Institute Limited as a Board Member. He also serves in numerous committees of the BSE. He holds the Director Level Designation at Central Depositary Services (India) Limited, Indian Clearing Corporation Limited, BOI Shareholding Limited and The Calcutta Stock Exchange Limited.