Nityanand Misra

CEO

Mumbai, Maharashtra, India20 yrs 1 mo experience

Most Likely To SwitchHighly Stable

Key Highlights

16 years of experience in quantitative analysis and data science.
Led teams in equity markets across multiple geographies.
Published over twenty books on quantitative finance.

Stackforce AI infers this person is a Fintech expert with extensive experience in quantitative analysis and algorithmic trading.

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Skills

Core Skills

ConsultingAlgorithmic TradingQuantitative Research

Other Skills

Strategic ConsultingManagementTechnical WritingBig Data AnalyticsMarket MicrostructureData ScienceKDB+New Set-upsPublicationsR (Programming Language)StatisticsEconometricsLinguisticsTime Series AnalysisTrading Systems

About

Quantitative analyst and data science lead with 16 years of experience (including 9 years of leadership and management experience) in equity markets across multiple geographies and functional areas including quantitative modeling, product management, product sales, execution consultancy, and publishing market commentary. Specializations include: 1) Research, design and enhancement of quantitative models (including statistical, econometric and time series models) and quantitative trading strategies (including alpha, risk, transaction cost, portfolio construction, trading impact and execution models) involving high-frequency and multi-dimensional financial data (big data analytics). 2) Consultancy in the fields of liquidity, market microstructure, transaction cost analysis, optimal execution, toxicity, et cetera for leading institutional investors and hedge funds 3) Authoring market commentary covering market shocks, regime changes, macrostructure, microstructure, execution strategy suitability, fragmentation, dark trading, smart order routing, market evolution, et cetera. 4) Leadership: Experienced in building, training and mentoring multiple teams of quantitative analysts I am also a published author with more than twenty edited and authored books to my credit. To see my publications, visit my academia page under https://independent.academia.edu/MisraNityanand

Experience

20 yrs 1 mo

Total Experience

3 yrs 4 mos

Average Tenure

8 yrs 7 mos

Current Experience

Clsa

2 roles

Head of Equity Derivatives Quant, India

Promoted

Aug 2025 – Present · 9 mos

Leading the equity derivatives quant effort in India.

Head, Execution Consulting

Sep 2017 – Jul 2025 · 7 yrs 10 mos

Founder and head of CLSA’s Execution Consulting Group, a team of quantitative analysts working with CLSA’s global Cash, PT and DSA equity businesses. Responsibilities include providing bespoke consultation to CLSA’s clients in areas like historical market trends, market microstructure, optimal execution, pre-trade and post-trade; publishing market commentary; managing relations with clients, sales traders, technology teams and vendors; building analytics infrastructure; hiring and mentoring.
I head CLSA’s Execution Consulting Group, a team of quantitative analysts working with CLSA’s global Cash, PT and DSA equity businesses. I set up this team in 2017 and have run it for more than five years now. My responsibilities include include providing bespoke consultation to CLSA’s clients in areas like historical market trends, market microstructure, optimal execution, pre-trade and post-trade; publishing market commentary; managing relations with clients, sales traders, technology teams and vendors; building analytics infrastructure; hiring and mentoring.
The Execution Consulting Group provides bespoke research, studies, and consultancy around market microstructure, optimal execution, structural changes. The group performs deep-dive analysis on market data and execution data and privudes bespoke consultation on optimal trading, often partnering with buy-side clients for exclusive projects. The group regularly publishes market commentary on global equity markets for institutional investors.

ConsultingAlgorithmic TradingStrategic ConsultingManagementTechnical WritingBig Data Analytics+7

Citi

Quantitative Analyst (Vice President)

Apr 2011 – Sep 2017 · 6 yrs 5 mos · Hong Kong SAR

1. Quantitative Analysis: R&D and client consultancy for algorithmic trading, TCA, impact cost modelling, toxicity, microstructure, liquidity research, and bespoke quantitative analyses for regional and global clients and businesses.
2. Liquidity bucketing: Conceptualized and developed Stock Categorization, a proprietary method to bucket global stocks into different liquidity groups.
3. Big data analytics: Designed a framework for quantitative analysis of high-frequency, multi-dimensional financial data for 11 Asia-Pacific markets. Evolved into a global framework for multiple equities businesses.
4. Market commentary: Started the Microstructure Monitor, a monthly publication. Published in two flavours across all three regions (Asia-Pac, EMEA, Americas) by Citi Electronic Markets.
5. Market commentary: Started the Microstructure Review series covering many topics related to algorithmic trading and optimal execution. Authored more than 20 issues over three years. Co-authored articles for journals like TRADE Asia.
6. Product sales and management: Sales, marketing, customizations, and consultancy for Best Execution Consulting Services (BECS), the market-leading tool for pre-trade portfolio analysis. In a global role, I owned the impact cost model and was the face of BECS for clients in Asia-Pac and Europe.
7. Leadership: Founded and managed a global team of Equities quants for global businesses. I hired, trained, and mentored many quantitative analysts over several years. The team worked on liquidity analysis, Transaction Cost Analysis (TCA), optimal execution consultancy, R&D for quantitative models (statistical, econometric and time series models), and quantitative trading strategies (alpha, risk, transaction cost, portfolio construction, trading impact and execution models) involving high-frequency and multi-dimensional financial data, liquidity bucketing for global markets, and many publications on regional and global liquidity and microstructure.

ConsultingBig Data AnalyticsMarket MicrostructureQuantitative ResearchKDB+Publications+1

Morgan stanley

Algorithmic Trading Quant (Associate)

Aug 2009 – Mar 2011 · 1 yr 7 mos · Hong Kong SAR

Research Strategist in Morgan Stanley Electronic Trading (MSET)
1. Research, design, performance assessment and improvement of MSET's benchmark, rule based and custom algorithmic strategies for Asia-Pacific and Japan
2. Functional areas include volume distribution modeling, impact cost modeling, Transaction Cost Analysis (TCA), pool and trajectory crossing analysis, dark pool toxicity assessment and prevention, risk checks design and order execution modelling among others
3. Responsible for educating clients, internal traders, risk managers and MSET account managers on algorithm behaviour and performance, market microstructure, and execution consulting
4. Design and delivery management of several enhancements to MSETs algorithm suite, including Algorithm Manager, MSET's global strategy customization platform
Tools used: R, Q/Kdb+

Big Data AnalyticsQuantitative ResearchKDB+R (Programming Language)Algorithmic Trading

Goldman sachs

Core Quant (Associate)

Apr 2007 – Jul 2009 · 2 yrs 3 mos · Bengaluru, Karnataka, India

1. Statistical, econometric and time-series research, predictive modelling and infrastructure development for fixed income and equities
2. Functional areas included market microstructure, risk management and algorithmic trading
3. Experience in designing different kinds of predictive models including Survival Regression, Spline Regression, Logit/Probit Models, Generalized Linear Models, ARMA models, Kalman Filter, Markov Chain Monte Carlo (MCMC) methods and sparse regression (Lasso and Dantzig Selector methods) using high frequency and high dimensional data
Tools used: R, C/C++, SLANG (Goldman Sachs's proprietary language)

Big Data AnalyticsQuantitative Research

British gas

Summer Intern

Apr 2006 – May 2006 · 1 mo · Mumbai Metropolitan Region

Bottleneck identification and flow capacity analysis of the 300 MMSCFD Tapti Processing Platform in the Arabian Sea, to identify components to be replaced for production at higher capacity

Tata consultancy services

Assistant System Engineer

Jul 2004 – May 2005 · 10 mos · Bengaluru, Karnataka, India

System design, development and verification and validation of several modules for a wealth management and desktop application for SEI Investments
Tools used: JAVA

Dhirubhai ambani institute of information and communication technology

Research Intern

Jan 2004 – Jun 2004 · 5 mos · Greater Ahmedabad Area

1. Design and development of a road traffic monitoring system using video image processing to compute traffic parameters like density, flow and speed
2. Functional areas included video background modeling, noise removal using erosion and dilation, blob extraction, shadow identication and removal, object tracking across frames
Tools used: Elphel Network Camera, Scilab