Ujjwal Jain

Co-founder & CEO WealthTech | FinTech Entrepreneur | CFA | Tech Evangelist

Mumbai Area, India

Summary
Banking & Finance Microservices FinTech High Frequency Trading Entrepreneurship Algorithmic Trading Trading Strategies Electronic Trading Brokerage Investment Management Trading Systems Financial Advisory Alternative Investments Hedge Funds Financial Services Product Design Cloud Computing Team Building Product Development
Ujjwal is an experienced FinTech professional who has proven expertise working at the confluence of Computer Science, Technology, Finance, Trading, & Investment Management. He brings with him a pedigree of working for one of the Wall Street's technology advanced Hedge Fund D E Shaw and world's leading Equity Index and ETFs provider MSCI Inc(formerly Morgan Stanley Capital International and MSCI Barra). He has an extensive professional experience working on Hedge Fund/Alternative Investment Funds, Electronic Trading Systems, High Frequency Trading on Colocation facility, Algorithmic/Quantitative Trading, Back-testing Research platform, Systematic Investment Management Services/Indexing/ETF Solutions, Institutional Brokerage, Proprietary Trading, B2B/B2C Trading and Wealth Management products, Analytics platform, and Paperless Banking Technologies

His exposure to Indian Capital Markets started while setting up the Institutional Brokerage business as part of the joint venture between D E Shaw, New York and Reliance Industries, India to build financial services business in India using developed markets technological expertise.

Ujjwal has passion to build technology focused businesses at sweet spots and have extensive experience in Enterprise Architecture, Product Management, Distributed Systems, Cloud Applications/Analytics, SaaS, Reactive paradigm. He has research interests in Cloud Computing applications, API based economy, scalable Machine Learning, Behavioral Finance and likes to write on Finance and Technology during his leisure time.
Experience

Director and CEO at Wealth Technology and Services Pvt. Ltd

Mar 2016 - Present

Building a flagship investment technology platform for the Investment advisers, mutual fund distributors and fund managers and Investors with Investor at the epicenter in B2B2C and B2C segments. Innovating on multiple folds based on our vision and continuous feedbacks from existing stakeholders and changing regulatory landscape. More to come as we launch our beta version of WealthDesk(www.wealthdesk.in) In the traditional B2B segment, building a trading technology infrastructure focusing on High-Frequency Trading on Co-location servers, Low-Frequency Algorithmic Trading, smart order Execution strategies, Real-time market data analytics, scaling proprietary trading desk of existing market incumbents. On the Alternative Investment Segment, building technicals, Options and Futures based trading strategies, Behavioral Sciences based intra-day strategies, Macro Strategies for long term Investments

Strategy Consultant at Strategic FinTech and Business Transformation Consulting

Feb 2016 - Present

Electronic Trading Systems; Algorithmic Trading; High Frequency Trading; Retail and Institutional Brokerage; Proprietary Trading; Digital Banking; Alternative Investment Funds; Margin Financing; Lending; Cloud Computing; Analytics; API based business(SaaS)

Senior Associate (Index Products and Technology) at MSCI Inc.

Jul 2014 - Feb 2016

Part of the core Index technology team working with Index research and New Index product team implementing and rolling out new Indexes across multi-asset classes, strategies, investment themes which can be used as basis for ETF's and also for benchmarking asset returns. At the same time, working as part of team spread globally to develop a scalable and distributed Index platform to roll out new Indexes with low turnaround. Products developed: 1. Optimizer based Multifactor Indexes such as Diversified Multifactor Indexes https://www.msci.com/diversified-multi-factor-index 2. Yield based Indexes based on factors such as Dividend Yield, Buyback Yield, etc.https://www.msci.com/factor-indexes 3. Environmental, Social and Governance theme based Indexes https://www.msci.com/esg-indexes 4. Factor based Indexes such as Quality, High Value, etc. 5. Index Calculation platform re-engineering for aspects related to back testing 6. Flagship GIMI Indexes changes based on recent announcements

Algo/Quant Developer at D. E. Shaw India Financial Services, The D E Shaw Group and Reliance Industries JV

Jun 2011 - Jul 2014

• Worked with the stakeholders on new ideas, product envisioning for monetizing the Co-located Trading server set up on Exchange for the Institutional Brokerage business • Liaising with the Trading Desk (Mumbai) and technology Team (Hyderabad) for the design and development of different components of the in-house algorithmic trading system on the co-located exchange server • Development of algorithmic order execution strategies using tick by tick market feeds for smart order execution on in-house trading system • Built a data analytics tool on Python to analyze execution performance of order execution algo strategies such as VWAP. Extended the same tool to analyze exchange feeds. • Design and Development of back-testing platform for back-testing of quantitative strategies for discovering trading ideas for Institutional trading desk • Development of Quant/Algo trading strategies, modeling and front-running MSCI India GIMI Index • Managing the co-located trading Infrastructure set up on exchange and handling communications with exchange on managing Compliance, Risk Management, Algorithmic Strategy audit requirements • Providing effective technical software integration solutions for vendor's software (trading terminals, analytical packages, software libraries, data sources)

Member - Technical at D. E. Shaw India Software Private Limited

May 2009 - May 2011

• Liaising with Treasury business folks implementing Margin methodologies to track margin/collateral requirements and assess capital usage as per the negotiated margin agreements with most of the major global Prime Brokers (offering prime brokerage services to Hedge Funds) across most of the asset classes traded including Equities, Options, Futures, Convertibles, Fixed Income, Asset-backed securities, Interest rate swaps, FX Instruments, Credit Default Swaps, exotic OTC products, etc. • Developed methodologies and reports assisting alternative funding arrangements with major Counterparties for securities borrowing and lending

Education

Fintech Innovation, Future Commerce at Massachusetts Institute of Technology

Dec 2015 - Nov 2016

CFA Charterholder at CFA Institute, USA

Dec 2014 - Dec 2015

Computer Science and Engineering at Jadavpur University, Kolkata

May 2005 - May 2009

User Testimonials
Prabhakar

The session was quite helpful in term of technical skills which I need to focus on and building my competencies in programming thinking, The feedback on resume and the key areas which I need to give more focus was very good!!

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