Outlook India: Technology Trends that will Redefine the Future of Finance, by uTrade CEO Kunal Nandwani
Companies are innovating to bring advanced analytics, real-time monitoring to the evolving landscape of fintech Technology and finance have always been intertwined, from the invention of the abacus to make financial calculations easier, to the super computers that are used to drive complex financial models today.
Sebi proposes ways to slow down high frequency trading
August 2016 | LiveMint
Mumbai: The Securities and Exchange Board of India (Sebi) has proposed seven new ways to level the
playing field between those using high frequency trading (HFT) systems and regular market users.
In a discussion paper released on Friday, the capital market regulator said it is “examining
various options to allay the fear and concern of unfair and inequitable access to the trading
systems of exchanges”.
On August 5, Sebi released a discussion paper to tighten regulations on algo trading to ensure fair play
and has sought public comments by August 31. ET explains the importance of algo trading and the impact if
the measures are implemented.
uTrade interview on CNBC around how HFT benefits retail investors
August 2016 | CNBC Money Control
Today when a retail investor goes to the market, buys share, gets done within a second. It is not by
magic. It is by technology behind the depth that is provided by algo and HFT players and they are there
for a reason to help match the prices across different investors and help provide the tighter spreads.
India’s steps to regulate algorithmic trading may hurt liquidity
August 2016 | Nikkei Asian Review
MUMBAI (NewsRise) -- India's capital markets regulator recently proposed measures to tighten regulations
on algorithmic trading to ensure equal and fair access to all market participants, but traders are
concerned the steps may pose a threat to prevalent liquidity available on the exchanges.
Algo trades set to surge in India, match developed markets
June 2016 | ET Markets
MUMBAI: With Sebi looking at stricter norms to regulate high-frequency trades (HFT), leading algo trading
system providers say the usage of this technology is set to surge in the country and be at par with developed economies.
Chandigarh–based start-up uTrade Solutions, which sells data analytics, trading platforms and
algorithms, has launched a product that allows stock exchange trades to be cleared and settled
What Will Make Startup India Truly ‘Stand Up And Be Counted
May 2016 | Inc 42
What a year 2016 is turning out to be from the viewpoint of India’s Startup ecosystem! The year got off
to a ‘Big-Bang’ start with the Prime Minister outlining the Startup India Action Plan, indicative of
the significance his government has ascribed to startups as job creators and growth stimulators.
Fintech Asia interviews Kunal Nandwani, CEO of uTrade Solutions
March 2016 | Fine Tech Asia
Kunal Nandwani is the co-founder and CEO of uTrade Solutions, an India-based fintech startup kick-started
in 2011. uTrade is an open source trading platform available both on desktop and mobile, for
retail brokers, algorithmic trading software for institutions and proprietary traders.
Demystifying Blockchain: A Potential Catalyst For New Age Financial Markets
February 2016 | BW BusinessWorld
December 30 last year was a red letter day for people in the business of financial technologies.
As much as most of us were preparing to usher in the new year with pomp and celebrations, it was
a day that marked the dawn of a new era and a 'seminal moment' as Bob Greifeld, CEO of Nasdaq,..
UTrade ships blockchain settlement system for Indian capital markets
15 June, 2016 | Finextra
uClear is India's first blockchain technology driven solution that will enable real time clearing and settlement of
contracts across the cash and derivatives segments of the financial markets. The first stage of adoption will
be led by the Over-the-Counter (OTC) segments without existing central clearing infrastructure such as foreign
exchange (FX) and the fixed income securities markets.
Why participants in the Indian financial market need to adopt secondary risk management systems?
06 November, 2015 | Business Insider
As much as Algorithmic-based programmed trading can be a boon, in terms of increasing the probability of greater profits,
the collateral damage that it can unleash, if implemented without a proper risk management apparatus, can be quite catastrophic.
Back-testing of algos soon to become norm at exchanges
19 October, 2015 | Business Standard
"We believe that the back-testing framework is a useful mechanism to stress test trading algos against extreme events
like abrupt market movements, and the outputs can be used to refine the algos so as to avoid errors in live trading,
making markets a safer place," said Kunal Nandwani, Chief Executive Officer, uTrade Solutions.
Automated trading impacts markets positively by bringing in greater liquidity, efficient price discovery, efficient
order execution due to greater objectivity than human emotion, reduced scope for human errors and most importantly -
lesser information leakage.
Fintech will continue to grow and stay in headlines, but it will be far from the full disruption.
I do not see a google or facebook dominating the fintech yet. It will continue to be highly fragmented with
various small'ish leaders driving the disruptions. Higher VC capital getting allocated to
Fintech shall lead to some key leaders emerge by the end of this decade.
Why algorithmic trading must not be blamed for market crashes?
07 May, 2015 | Dataquest
Kunal Nandwani, CEO & Founder, uTrade Solutions demystifies some of the common myths associated with algorithmic trading,
and tells us why the recent Sensex fall of 723 points was not due to algorithmic trading.
uTrade Solutions features in 2014 Red Herring Asia top 100 technology companies
24 August, 2014 | Red Herring
uTrade Solutions, India's based global financial technology company has been selected for Red Herring's Top 100 Asia award,
a prestigious list honoring the year's most promising private technology ventures from the Asian business region.
Enabling smarter and faster trading is the motto of the one-year-old company uTrade Solutions. Kunal Nandwani, 32,
who founded the company with three friends - Ashish Grover, Harwinder Sidhu and Mayank Mathur - says they provide faster,
smarter and more efficient trading solutions to brokers, banks and investors. "We analyse the trading process for information access,
trading decisions and post-trade analytics. Our unique trading and technology experience helps us build smarter and futuristic
trading platforms,"Nandwani said.
This is to inform all the trading members that the Exchange has on-boarded a new vendor M/s uTrade Solutions Pvt. Ltd. in the Algo
software vendor category under Technology Programme with effect from 1st September 2013. uTrade will provide algo ids for
Bidding/Market Making, and various other algorithms.