Udit Sureka Email & Phone Number

Mumbai, Mh, In

Mumbai, Mh, In

Mumbai, Maharashtra, India

Mumbai, Maharashtra, India

Mumbai, Maharashtra, India

Dubai

Dubai

Dubai And Singapore

Managing the International Precious Metals Trading desk for Edelweiss.Part of the 3 member start up team that setup the Edelweiss Bullion Desk in India, now arguably the largest organized bullion trading desk in the country.

• Awarded the Edelweiss Emerging Leader Award in November 2009• Commodity Derivatives Trading o Arbitrage, Directional Trading, Spread Trading in Options and Futures o Trading in Energy commodities (Crude Oil & Natural Gas) & Precious metals (Gold & Silver)• Part of 3 member team responsible for setting up from scratch the Bullion Trading Desk at Edelweiss o The desk is now arguably the largest corporate bullion trading desks in the country o Liaison with… Show more • Awarded the Edelweiss Emerging Leader Award in November 2009• Commodity Derivatives Trading o Arbitrage, Directional Trading, Spread Trading in Options and Futures o Trading in Energy commodities (Crude Oil & Natural Gas) & Precious metals (Gold & Silver)• Part of 3 member team responsible for setting up from scratch the Bullion Trading Desk at Edelweiss o The desk is now arguably the largest corporate bullion trading desks in the country o Liaison with Foreign Suppliers, Canalizing Agencies and Banks for Import, logistics providers o Client Acquisition and new centers development o Market Analysis and Financial analysis of the economics behind the business o Negotiation of agreements with all parties – Banks, Suppliers, Canalizing Agencies, Customers o Viability report, bringing all support departments such as Legal, Compliance, Operations, Custody, etc. in line with business o Developed a Multi-asset class and multi-instrument MIS o Planning of advertising, marketing o Risk management – Business representative in the development of the Risk Management Systems o Alternate channel development – on both purchase and sales side• Worked closely with MCX while planning to launch a metal swap facility• Single point of contact from Business side for a cross-department, end-to-end Transaction Processing System o The system is flexible enough to incorporate the idiosyncrasies of the OTC market, while retaining enough checks and balances so that the same can used as the background for a bullion trading portal being launched as an alternative sales and distribution channel o The system is aimed at improving efficiency,control, instant information flow, better planning and reporting, decision-making Show less

Interned at Edelweiss Capital on the Proprietary Trading Desk. Worked on live project involving quantitative analysis of Mutual Funds to solve the problems involved with benchmarking and thus performance evaluation of mutual funds due to their often churning portfolio (thus Nifty/Sensex, etc cannot be used as a benchmark), leading to a change in the risk-reward expectations from the fund.The project involved using Style Analysis as a tool to create individual benchmarks for each… Show more Interned at Edelweiss Capital on the Proprietary Trading Desk. Worked on live project involving quantitative analysis of Mutual Funds to solve the problems involved with benchmarking and thus performance evaluation of mutual funds due to their often churning portfolio (thus Nifty/Sensex, etc cannot be used as a benchmark), leading to a change in the risk-reward expectations from the fund.The project involved using Style Analysis as a tool to create individual benchmarks for each fund under consideration based on their portfolios at the beginning of each quarter.The benchmarks were used to evaluate the funds performance by using various metrics like tracking error, semi-deviation, Jenson's alpha, etc.Subsequently I used in-sample, out-sample testing to come out with a filter to choose the best funds from the consideration set, giving more weight to consistent out-performance. The funds I recommended gave an average return of 54% between June 2006 and May 2007, out-performing the market by ~20% and the fund universe considered by ~22% Show less

Mba, Finance, Economics

Activities and Societies: CEO, Crisp Online

Education record

Icse, Schooling

Education record