MARKET QUALITY

My research topic revolves around assesing the impact of Microstructure innovations on Market quality at NSE.

1. I am proposing to examine the issue from three stand points
2. Market quality in terms of a) Informational Efficiency b) Market Volatility c) Market Integration
3. I want to examine how various metrics can be used as proxy for these measures.
4. Presently I am doing a survey of literature.

NSE - MANIPAL Training Program on DERIVATIVES

I had the pleasure of taking classes for NSE-Manipal Training program on Derivatives at Hyderabad.

1. The educational material of NSE is absolutely top class.
2. The 14-hour program covered all Market Design, Microstructure and Analysis
3. Audience interacted very well  with diverse profiles from JPMorgan, Dr Reddy Labs, Stockbroking employees like Kantilal Chaganlal, India Infoline, and Independent traders.
4. I could discuss various indicators for derivatives analysis like  OI, CoC, PCR, IV by taking reference to DEVANGSHU DATTA's article in BUSINESS STANDARD - Smart Investor JULY 2007
5. Interpretation and understanding of Derivatives analysis by Devangshu Datta in Tuesday's BS will be very helpful to investors & traders in interpreting market direction.
6. Participants could appreciate the role of market design in taking trading decisions.

Learnings from NISM

Attending NISM workshop had been an enriching experience .

1. The unique format of closely tracking the session structure without random lectures from different speakers had given depth to the topic.


2. The group is cohesive with background in finance and statistics that enhanced discussions and interaction among the group.


3. Lot of my questions regarding empirical research in finance particularly market microstructure were resolved.


4. I am able to access and become comfortable with econometric terminology and financial interpretation.


5. Having a trading experience in markets gave me a unique lens to understand the empirical and theoretical angle in the discussions.