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OPENING THE DOORS TO MANAGE COMPLEX

FINANCIAL EVENTS, RISK AND VOLATILITY


WHO ARE WE FOCUS ON THE FUTURE
QuantInsti's 'Executive Programme in Algorithmic Trading'
QuantInsti is India's pioneer Algorithm Trading training institute
course is designed to provide high-level training for individuals
focused purely on preparing capital market professionals to the
working in, or intending to move into, derivatives, development,
emerging field of High-Frequency and Algorithmic Trading. With
quantitative trading or risk management. The program is built
the capital markets in India rapidly evolving towards the
around a fully examined core of three modules. The course
developed markets model, we foresee a disruptive change in the
covers all aspects of the theory and practice of quantitative
Indian landscape wherein exchange volumes to the tune of 70%
tools, products, and methods.
and above will be generated by High-Frequency Trading (HFT).
To prepare professionals for this impending transition, QuantInsti
will provide participants exposure to both the theoretical as well
as the practical aspects of HFT.

AN INTER-DISCIPLINARY
APPROACH
QuantInsti's flagship course is the 'Executive Programme in
Algorithmic Trading' which is a comprehensive course covering
all important aspects of Algorithmic Trading. Apart from detailed
theoretical essons, we provide our course participants in-house
proprietary tools and other globally renowned applications in a
simulated environment – course participants can design,
implement and test their strategies in such environments and
build on their learning in the class.
EXECUTIVE PROGRAMME IN
ALGORITHMIC TRADING

COURSE FLOW
Ä Introduction to Statistics & Quantitative Trading

Ä High Frequency Statistics & Econometrics

Ä Derivatives as to be seen by an Algorithmic Trader/Strategist

Ä Computational Finance for Algorithmic Trading

Ä Algorithmic Trading & High Frequency Modeling

Ä World of Algorithmic Trading

Ä An insight into the Algorithmic Trading Platform Architecture

Ä Algorithmic Trading Projects

Ä Algorithmic Trading Research Papers

Ä Create your own algorithmic trading strategies

Ä Execution Strategies: Moving beyond VWAP & TWAP

Ä Learn Back-testing your strategies in the scientific manner as a quant

Ä Adapting to different asset classes

Ä Benchmark your Trading System

Ä Latency Reduction techniques

Ä Optimizing your strategy code

Ä Incorporating the “technology arbitrage” (TBT, Colo, etc)

Ä Being the fastest

Ä Let the Algorithms trade for you.


FACULTY PROFILE
RB THARAKAN 2005 as, "He speaks length about India, its Earlier to iRageCapital, Shaurya comes with
current situation and its future. Mr. Tharakan's experience at Bank of America, Edelweiss
Cambridge-Oxford-LSE educated RB example of enterprise could give courage to Securities Ltd. and Systematix Stock &
Tharakan is the Academy Director of Quant other Indian youths at this time when India is Shares Ltd., where he worked as Derivative
Insti and Co-ordinator of the Flagship entering into a period of demographic and Quantitative Analyst focused on Indian
Executive Programme in Algorithmic Trading. advantage". Equity markets.
He is the founding Operations Director for the
FinLab for Complex Events Process and is a Shaurya has a Post-Graduate Degree in
RAJIB RANJAN BORAH
Researcher on the product group of Hedge Management from Indian Institute of
Funds. Additionally, he is an Algo Trading Management, Ahmedabad and a B.Tech in
Rajib is the co-Founder and Director of
Strategist for iRage Capital Advisory. Electrical Engineering from Indian Institute of
iRageCapital Advisory Private Limited, where
he leads the firm's practice in the field of Technology, Roorkee.
Tharakan started his career at Morgan
Strategy development and Systems design.
Stanley in New York as a product specialist in NITESH KHANDELWAL
Rajib brings to iRage an extensive
Equity Derivatives: Futures and Options in
experience in capital markets encompassing
the role of an Associate for Sales and Trading, Nitesh Khandelwal has acquired a wide set of
the entire flow of the business - ranging from
further focusing on Multi-Asset Class experiences in financial markets spanning
analytics, research, trading and trading-
Quantitative Trading Strategies for Morgan across various asset classes in different
related technology.
Stanley's specialist brokers. He was roles. He co-founded iRageCapital Advisory
employed with JPMorgan's Investment Bank Private Limited, a trusted name in the space
Prior to starting iRage, Rajib was an equity
in London for Equity Capital Markets and of providing Algorithmic Trading technology
derivatives market maker at Optiver,
European Corporate Broking. To note, he and strategy services in India. He leads the
Amsterdam. At Optiver, he also worked on
executed his first trade at the age of 11 in 1991 business side for iRageCapital and
high frequency equity arbitrage strategies. As
in the Indian Cash Equities Market. QuantInsti. At QuantInsti, he also heads the
a primary market maker, and a high frequency
trader, he was consistently amongst the department for training in derivatives & inter-
Tharakan has undertaken some of the most market studies.
highest liquidity providers in equities & equity
prolifically global apprenticeships with tier-
derivatives in major European exchanges,
one leaders having worked for His Excellency He had prior experience in bank treasury (FX
and in ADRs in US exchanges.
Kofi Annan, Secretary General of the UN & Interest rate domain) and in proprietary
Secretariat and Lord Mark Malloch-Brown, trading desk. He did his Bachelors in
Before joining Optiver, Rajib was a strategy
the Administrator of the UN Development Technology in Electrical Engineering from IIT
consultant for Indian capital markets with
Programme (UNDP) and Vice-Chairman of Kanpur before doing his Post graduation in
PricewaterhouseCoopers in Mumbai. In the
Soros Fund Management. Additionally, he Management from IIM Lucknow.
past, Rajib has interned with the Equity
had worked for Edward Mortimer, Head of the
Derivatives research team at Bloomberg in
UN Communications Head and worked on
New York, and with Solutia's strategy division GAURAV RAIZADA
communication project and strategies in
at its European HQ in Belgium. Prior to
partnership with Shashi Tharoor, UN Head for
pursuing his MBA, Rajib was part of the core Gaurav Raizada is a Director at iRageCapital
Public Information (DPI).
team which designed the concept of Data Advisory Private Ltd., leads the firm's
Hub at Oracle Corporation - merging & advisory practice in India on the Systems,
Tharakan holds the record of being the first
analyzing information from multiple sources. Performance and Strategies. He has
Indian (in 2009) to have been educated at all
three of the British institutions: the London consulted extensively with core focus on
A national Olympiad finalist, Rajib had strategy development and execution
School of Economics (LSE), Cambridge and
represented India at the World Puzzle including trading systems development,
Oxford Universities. He has completed an
Championship. Rajib has a post graduate latency reduction, optimization and
MSc in Economic Development from LSE, an
degree in management from IIM Calcutta, transaction cost analysis.
MPhil/MFin in Finance from the University of
and a BE in Computer Engineering from NIT
Cambridge, an Advanced Diploma in
Surathkal. An area of specific focus for Gaurav has been
Computing from the University of Oxford.
working with clients in high frequency trading-
Tharakan has held some of the most prolific proprietary desk, brokerages, and banks. His
SHAURYA CHANDRA current areas of research are High Frequency
global positions, which include being the first
Indian to have been elected as President of Econometrics, Structured Products and
Shaurya Chandra is a Director at Transaction Cost Analysis.
the 800-year old Cambridge University's main
iRageCapital Advisory Private Ltd., leading
Students' Union (2004) and has sat on
the firm's advisory practice in India on the Prior to iRageCapital, Gaurav worked with
various committee boards of the University
Research, Strategies Development and Axis Bank as a Forex-Interest Rates
(2004/2005). He was the first Indian to be
Reisk Management. He has advised Derivatives Trader. He also worked as a
elected as President of the 505-year old
extensively with core focus on the statistical Performance Engineer at Veritas Software,
Christ's College (2004) and as well as its
research strategy development backed by where he was a specialist in Optimization.
Welfare and Equalities Officer (2003) for
rigorous back testing and setting up systems Gaurav has a post graduate degree in
diversity and equal opportunities.
& processes for risk management. management from Indian Institute of
Tharakan in his capacity for 'leadership' has Management, Lucknow and a B.Tech in
An area of specific focus for Shaurya has Chemical Engineering from Indian Institute of
been described by the Dr. KM Bowkett,
been working with clients in Sell-Side Order Technology, Kanpur.
Senior Tutor of the 505-year old Christ's
Execution Algorithms for leading brokerages.
College and the former Head of Sciences at
His current areas of research are Statistical
the 570-year old Eton College in a letter to Dr.
Strategies and Rule Based Trading and
Manmohan Singh, Prime Minister of India in
Optimal Execution Algorithms.
FACULTY PROFILE
ANIL YADAV P. SUNEETH REDDY SAMEER KUMAR
Anil Yadav is a member of the algo strategy Suneeth is an expert in the fields of Sameer has graduated from BITS Pilani with
advisory team at iRage Capital and is evolutionary algorithms and unconventional a Masters in Economics and Information
responsible for building and benchmarking models of computing. During his bachelors Systems. He started his career with Yahoo!
strategies for the clients across various asset program in Computer Science at IIT Madras, where he gained expertise in technical
classes. Suneeth was involved with some path architecture, design and development of
breaking research in protein computing and highly scalable systems.
Prior to iRage, Anil has worked as an DNA computing. His work has been
independent commodities trader managing a presented at 'Symposium of Unconventional A C++ and Perl specialist with broad
portfolio of metals and energy products. He Models of Computing'. understanding of economics and market
has also worked as a Senior Analyst at The dynamics, he now designs and builds
Chatterjee Group's (TCG) Private Equity fund He then went on to work with Yahoo R&D financial strategies with built-in intelligence.
and as Convertible Analyst at Lehman where he designed some really large scalable
Brothers. platforms. He also has two patent
applications pending. Prior to iRageCapital,
Anil holds a Post-graduate diploma in he was with Lime group and played a key role
Management from Indian Institute of in developing Lime's core infrastructure and
Management, Lucknow and B.Tech in platforms.
Mechanical Engineering from Indian Institute
of Technology, Kanpur. Suneeth holds a highly developed technical
expertise especially in the fields of algorithms
and high performance architectures.

ADVANTAGE QUANTINSTI PRE-APPLICATION STEPS AND


High frequency and Algorithmic trading domain is one of the REQUIREMENTS
most lucrative career choices in the contemporary financial
markets. Introduction of Algorithmic Trading in India in 2008 Each participant who is accepted on the course has a high level
changed the face of the trading as well as the nature of skill set of intellectual curiosity, a strong interest in finance, and strong
required to become a successful trader. QuantInsti aims to analytical skills. Although there is no specific degree
provide critical competitive edge to its participants through its requirement, most participants will have backgrounds in
skillfully designed programs, which not just help them quantitative disciplines such as mathematics, statistics, the
understand the basics but to become a domain expert. After physical sciences, engineering, operations research, computer
successful completion of the course, participants should be science, finance, or economics. Master of Business
conceptually comfortable with the following: Administration participants should also have familiarity with
calculus, spreadsheets and computational problem solving.
Ø Managing High Frequency Data and building
econometric models PRE-COURSE COUNSELING AND INFORMATION
Ø Learn how to back-test, implement and trade advance SESSIONS
quantitative strategies
Ø Furnish your programming skills to build low latency Counseling Session:
trading strategies These sessions will extensively be focused on understanding
Ø Using statistical packages and integrating them to your the strengths and weak areas of the participants. These
trading system sessions will not decide the participants' eligibility for enrolling
Ø Using Option pricing models for running volatility books for the course but will help the counselors concentrate on the
and make markets informed guidance for them before they enroll.
Ø Hands on experience with advance algorithmic trading
platforms Information Session:
Once the counseling sessions are through the participants will
have an Information Session so that they can have a clear idea
of what they are going to get out of the course. Similarly any
queries or difficulties about the class will be sorted in this
session.
OUR ASSOCIATES

IRAGECAPITAL ADVISORY PVT. LTD. KREDENT ACADEMY

QuantInsti is a venture by iRageCapital Advisory – an advisory Kredent Academy is a unique concept where industry
firm working on a unique concept of assisting proprietary professionals have taken the onus of creating a strong
trading firms & institutional desks in setting up and maintaining knowledge bank. By sharing such real-life professional
their algorithmic trading desks. experience, Kredent Academy aims to provide a very practical
mode of imparting training.
iRageCapital provides the complete spectrum of services
related to high frequency and algorithmic trading– ranging from To know more visit: www.kredentacademy.com
setting up the technology infrastructure, designing the systems
architecture and helping in designing trading strategies. By
providing efficient solutions and within strict time constraints,
iRageCapital has built a strong reputation of reliability and
impeccability.

In view of the rapid changes in this industry, iRageCapital aims


to help clients make this unavoidable transition to algorithmic
trading and be an early entrant into this potential domain. To
achieve this, we not only advise clients on technology, but we
also provide strategy advisory services on how to adopt their
trading ideas as per high-frequency trading constraints -
thereby assisting for their continued profitable trading
operations in the future.

To know more please visit our website at:


www.iragecapital.com

CONTACT US:
Administrator and Operations Coordinator
812-813, Corporate Avenue,
Sonawala Cross lane, Near Udyog Bhavan,
Goregaon (East)
Mumbai – 400 063.
Phone No: +91-22-4272 1700/ +91 9167 270 272