IIT, Kanpur Organizes Finatics to Discuss 'Finance

IIT, Kanpur Organizes Finatics to Discuss 'Finance – The Science of Managing Funds'

The final guest lecture was delivered by Mr. Saurabh Sood, CEO of MarketTopper, a company engaged in Financial Instrument research and the development of advance – featured Trading Systems.

Mr. Sood spoke about algorithmic trading, which is an innovation in the financial domain and comparatively a new phenomenon. Algorithmic trading is the use of computer algorithms for entering trading orders without human intervention. Mr. Sood predicted that algorithmic trading would change the way the world trades in a few years, and the correct and prudent use of algorithms might have resulted in a different scenario in 2008. However, he also warned that any algorithm or program is only as good as the inputs given to it, and the authenticity of the inputs was essential to come up with the best decisions.

Mr. Saurabh Sood, CEO of MarketTopper

The post lunch session on Sunday was reserved for a business simulation workshop, again by Mr. Avik Bhandari, who organized DealStreet, a financial strategy board game, which combined fighting for oil resources, speculating on changing stock market indices and the fun of fighting drug lords and gambling in Las Vegas. Needless to say, this game was immensely enjoyed by all the participants.

The event concluded with the online crossword Fintuition, which was won by 1st year IIT Kanpur MBA students Siddharth and Nitin (Team FinWiz).

Finatics 2010 proved to be a learning experience for all the participants – be it due to the knowledge shared during the guest lectures, the informal night sessions with the speakers, the simulation workshops or the highly competitive quizzes. The event surely will now be considered a benchmark when planning further flavors of the same, or of Prabandhan, the annual management conclave from the IME Department, due to be tentatively held in September !

The IME department thanks all the participants and speakers for making this event a resounding success.

Concluded.

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Contributed by -
Finatics Team
IIT, Kanpur.

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