Open Futures PPT 1

OPEN FUTURES GROUP
Campus Recruitments
@
IIT DELHI
2016 17
Open Futures: An Introduction
We are
a diversified financial institution specialising in proprietary trading
amongst the top 5 High Frequency Trading (HFT) firms in India
among the first to avail NSEs co-location services
We use diverse set of algorithms to trade securities in all asset

classes, i.e. Futures, Options, Commodities, Equity, FX etc
Our competitive advantage is based on a combination of state-ofart low latency infrastructure, advanced mathematical and
machine learning models and trading acumen
An Insight Into Trading
Employ various strategies such as index arbitrage, volatility

dispersion trading, basket trading, sector trading, statistical
arbitrage, and other quantitative strategies
The strategies are dynamic and process large amounts of realtime market information
Positions can be held from minutes to a fraction of second
Returns are exponentially higher than traditional buy-and-hold

strategies
High Frequency Trading
Using advanced mathematical models to identify the micro

patterns in the market
Predicting very short term movements (seconds or less) of the

tradeable assets
Analysing data from global markets to take trading decisions
Designing low latency trading platforms for efficient executions
Examples: Statistical Arbitrage

Relative
temporary mispricing of otherwise correlated
securities
Consider
two securities, A and B, that are related to each

other and trade within a range of each other:
B ~ (A+90, A+100)
Opportunity: B = A + 105
Strategy: Sell B and buy A to get (A + 105 - A) = 105
Reversal: B = A + 95 (back in range)
Strategy: Buy B and sell A to get (-A -95 + A)= -95
Profit: 105 95 = 10
Examples: Predictive Modelling
Predicting
price movements of securities in advance

based on some very short-term indicators.
Predict
movements in oil prices in India based on

movements in oil prices in US and movements in US
Dollars
oilIndia
= oilUS * USD
Examples: Market Making
Sit on both sides of the book and have bid and offer quotes
in the market
Keep getting hit on both sides and gain bid-offer spread
Looks like easy money? What is the challenge here?
Examples: Market Making
Sit on both sides of the book and have bid and offer quotes
in the market
Keep getting hit on both sides and gain bid-offer spread
Looks like easy money? What is the challenge here?
Challenges:
Losses in big moves
Covering commission
Position Queue Management
Why HFT
See your impact immediately
Compete with worlds best
Learn and work on cutting-edge technology
Unending scope of innovation
Work in a fast-paced environment
Why Open Futures
Exposure to global markets
Opportunity to develop and learn different strategies
Freedom to try new things
Competitive Salary
Profiles: Algorithmic Trader
Using Machine Learning Algorithms to identify market patterns
Understanding Order Book Dynamics
Conducting research on historical market data
Implementing trading strategies
Improving/adapting existing strategies to ever-changing market

dynamics
Profiles: Software Engineer
Developing ultra-low-latency trading platforms
Working with state-of-art infrastructure
Design and development of high performance exchange

gateways
Programming on Linux kernel, device drivers
Skill Set:
Strong mathematical and statistical aptitude
Strong algorithmic skills
Highly efficient programming(C++, R, Python)
Good problem solving, critical thinking, and analytic abilities
Good knowledge of Data Structures, Algorithms, Predictive

Modeling, Regression, Time Series and Probability and Statistics
Hard working, self-motivated and a willingness to see a task

through to the end
Knowledge of network, parallel/distributed, multithreaded

programming is a plus, as is knowledge of Linux kernel
programming and/or device driver development
Algorithmic Trader
Offer:
Base Salary: Rs. 24 lakhs
Signing Bonus: Rs. 2 lakhs
Bonus: Rs. 2, 3 or 5 lakhs
Perks:
Work-life balance is an important part of our philosophy. To this end,

the extended family of Open Futures, i.e. the family members of the
employees participate in various activities planned through the year.
Some such events are the Annual Sports Day, parties through the
year, trips over long weekends, etc. Performance based awards such
as international trips (all expenses paid) are amongst the popular
individual incentives given out to high achievers
Software Engineer
Offer:
Base Salary: Rs. 15 lakhs
Signing Bonus: Rs. 1 lakhs
Bonus: Rs. 1, 2 or 3 lakhs
Perks:
Work-life balance is an important part of our philosophy. To this end,

the extended family of Open Futures, i.e. the family members of the
employees participate in various activities planned through the year.
Some such events are the Annual Sports Day, parties through the
year, trips over long weekends, etc. Performance based awards such
as international trips (all expenses paid) are amongst the popular
individual incentives given out to high achievers
Criteria for Applying
B.Tech/Dual Degree in Computer Science & Engineering
B.Tech/Dual Degree in Electrical Engineering
Integrated M.Tech in Mathematics and Computing
M.Tech in Communications Engineering
M.Tech in Computer Technology
Ph.D. in High Speed Network Design or Discrete Mathematics
CGPA: 7.5
Written Test October 14th, 2016 @ 7.00 p.m.

Open Futures PPT 1

Uploaded by

Copyright:

Available Formats

Open Futures PPT 1

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Open Futures PPT 1

Uploaded by

Copyright:

Available Formats

OPEN FUTURES GROUP

Open Futures: An Introduction

a diversified financial institution specialising in proprietary trading

amongst the top 5 High Frequency Trading (HFT) firms in India

among the first to avail NSEs co-location services

We use diverse set of algorithms to trade securities in all asset

An Insight Into Trading

Employ various strategies such as index arbitrage, volatility

Positions can be held from minutes to a fraction of second

Returns are exponentially higher than traditional buy-and-hold

High Frequency Trading

Using advanced mathematical models to identify the micro

Predicting very short term movements (seconds or less) of the

Analysing data from global markets to take trading decisions

Designing low latency trading platforms for efficient executions

Examples: Statistical Arbitrage

temporary mispricing of otherwise correlated

two securities, A and B, that are related to each

Strategy: Sell B and buy A to get (A + 105 - A) = 105

Reversal: B = A + 95 (back in range)

Strategy: Buy B and sell A to get (-A -95 + A)= -95

Examples: Predictive Modelling

price movements of securities in advance

movements in oil prices in India based on

Examples: Market Making

Examples: Market Making

See your impact immediately

Compete with worlds best

Learn and work on cutting-edge technology

Unending scope of innovation

Work in a fast-paced environment

Why Open Futures

Exposure to global markets

Opportunity to develop and learn different strategies

Freedom to try new things

Profiles: Algorithmic Trader

Using Machine Learning Algorithms to identify market patterns

Understanding Order Book Dynamics

Conducting research on historical market data

Implementing trading strategies

Improving/adapting existing strategies to ever-changing market

Profiles: Software Engineer

Developing ultra-low-latency trading platforms

Working with state-of-art infrastructure

Design and development of high performance exchange

Programming on Linux kernel, device drivers

Strong mathematical and statistical aptitude

Strong algorithmic skills

Highly efficient programming(C++, R, Python)

Good problem solving, critical thinking, and analytic abilities

Good knowledge of Data Structures, Algorithms, Predictive

Hard working, self-motivated and a willingness to see a task

Knowledge of network, parallel/distributed, multithreaded

Base Salary: Rs. 24 lakhs

Signing Bonus: Rs. 2 lakhs

Bonus: Rs. 2, 3 or 5 lakhs

Work-life balance is an important part of our philosophy. To this end,

Base Salary: Rs. 15 lakhs