Aug 2012 – Aug 2015 · 3 yrs · London Area, United Kingdom

• Market making in European/Asian middle distillate (Gasoil, Jet) and fuel oil options.
• Exotic options portfolio trading in crude oil which included structures like Swaptions, Target
• Auto Redemption Swaps, Multi-period extendibles, Compo asian options in EUR, CAD, GBP etc
• Engaged with Quant & IT teams to develop and enhance risk management & pricing systems.
• Unwound exotics/products trading book due to C.S exit of commodities business.

Mar 2011 – Aug 2012 · 1 yr 5 mos · London Area, United Kingdom

• Market making in gold vanilla/ first generation exotic options.
• Traded portfolio of exotic derivative products in gold which included structures such as Target auto redemptions swaps, one touches, and range accruals.
• Market making for structured long date (beyond 1 year) fx options which included products like forward volatility agreements (FVA), variance swaps, spread options.

Dec 2008 – Mar 2011 · 2 yrs 3 mos

• Set up the commodity exotics desk in Nomura. Extensively worked with the quant group in developing pricing models to value and risk manage path dependent structures.
• Traded portfolio of more than 75 commodity exotic products which included structures such as reverse convertibles, spread options, range accruals, basket options.
• Traded commodity index options book which included standard OTC options on the GSCI and DJUBS commodity indices and also involved in managing more than $400 million index delta on a proprietary in-house commodity index called MaCS (Macro Commodity Strategy Index). Index management involved trading based on weekly signals and monthly rebalancing.
• Traded uranium (U3O8) forwards and options since Oct 2010.
• Unwound commodity exotics and index books during restructuring of the commodity business.

Jun 2007 – Sep 2008 · 1 yr 3 mos