CATEGORY: FINANCEYou really can’t make a Wolf of Dalal Street based on Raghu Kumar’s life. There’s not enough drama to fill up even the opening credits. Instead, you could write a story about his precise understanding of the innards of algorithmic trading. There, even Jordan Belfort might be pleased.
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(This story appears in the 21 February, 2014 issue of Forbes India. To visit our Archives, click here.)
Rahgu, I had this discussion on your facebook page as well. I have worked at the exchanges, I am an ex- MCX employee. So I exactly know how the turnover is declared by MCX and other exchanges. You are wrong about it.on Feb 16, 2014
Hi Rksv-extrader, Yes, this topic has been discussed on our facebook wall as well as online forums. I believe that if you read my previous post, you will see that we are not disagreeing. The exchange turnover figures that are released are essentially half of what the true numbers are, just like you stated, since each order has a buyer and seller. Our published turnover figures from the exchanges themselves. Thanks. Regards, -Raghuon Feb 17, 2014
Hi Rksv-extrader, When we first started we did not allow market orders due the inherent risks involved with the OMS and the way it calculates margin (for example: risk checks are done post-trade), so on illiquid products a trade that should not go through could go through and get filled. But our RMS team dealt with the issue and we have been allowing market orders since July of 2013. My guess is that you stopped your trading prior to July. As far as the turnover is concerned, you are also correct on the 2 sides versus 1 sided point (every transaction has two sides: so for every buy, there\'s a corresponding sell. Therefore if the exchange reports 100,000 Cr. in turnover, there were 100,000 Cr. done in buys and 100,000 Cr. done in sells), but our turnover and percentage figures are correct. We routinely do 3000-5000 Cr. daily which amounts to almost 2% of the National Stock Exchange using the correct turnover calculation approach. Hope that answers your concerns. Best, -Raghuon Feb 15, 2014
Truly amazing. To gain a such a success in a very short time required full passion towards the planning and implementation. Big salutes to raghu ravi nd srinivas.on Feb 15, 2014
Disrupting? They don\'t allow you to trade market orders, the most basic feature required by a trader.. Has cost me quite a bit of loss... Also, the way they calculate turnover is also wrong, exchanges give out turnover on 1 side, but these boys claim it on 2 sides. So if they are saying 3000 crores, their actual turnover is just half of it which is Rs 1500 crores.on Feb 14, 2014
This post sounds like slander. RKSV offers market orders. I don\'t know what this guy is talking about but I have been RKSV\'s customer for more than six months and they provide the NEST trading platform and market orders. I am very happy with them. They are the most reliable and cost effective brokerage. Posts like the one above should be deleted by Forbes. I have been to RKSV\'s office and their staff is very courteous. Kudos to RKSV.on Feb 14, 2014
Well said Rahul, rksv rocks to the core !m!on Mar 28, 2015