“MODRIKA” the word derived from Sanskrit word “Mudra”, which means currency. The essence of MODRIKA is derived as “Art of Making Money”. A decade before we literally relate finance to the banking Sector. The meaning and complexity of finance has changed and has been evolved dramatically by the time. This is primarily due to technology integration and evolution of financial structures globally.
A broad range of brokerage firms, investment services, financial consulting firms, foreign and private banks, global insurance companies, taxation service providers, equity firms and other banking companies now expanding their operations across the globe. For young candidates there are bright lucrative opportunities in the fields of financial advisory services, insurance and banking services, investment management, financial analysis, stock market consultants, broking agents, financial planners and economists. Over a Million Jobs in financial sector available by 2020 in India alone. as per report by Mc. Kinsey done for GIFT.
MODRIKA is primarily training and technology solutions provider for capital markets, and has been operating internationally for over half a decade. We develop custom software and financial market technical analysis systems for financial technology firms, retail brokers, market makers, exchanges and individual traders. Leveraging nearshore or offshore outsourcing allows our clients to optimize project budget, reduce expenses, and maximize both fiscal and organizational goals. More details
Mumbai is the commercial and entertainment capital of India, it is also one of the world's top 10 centres of commerce in terms of global financial flow, generating 5% of India's GDP, and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust & JNPT), and 70% of capital transactions to India's economy. The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations. It is also home to some of India's premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy. The city also houses India's Hindi (Bollywood) and Marathi film and television industry. Mumbai's business opportunities, as well as its potential to offer a higher standard of living, attract migrants from all over India and, in turn, make the city a melting pot of many communities and cultures.
Rise of Trading Machine
The sea change in Trading Industry started in terms of online execution started in late 1990s and now technology is being constantly integrated.. With availability of Direct Market Access, Low Latency, Multiple Execution Venues, Markets are seeing innovation in all aspects. The reduction in Average Execution Size and increase in volume of trades by Algorithmic Systems is on the rise. This is in line with the Global trends, where Algorithmic systems execute close to 70% of the volume.
Algorithmic trading, in its simplest but not all-inclusive definition, pertains to algorithms for breaking down blocks of trade orders with certain logic to obtain best price and execution while minimizing market impact. This development in the markets is taking place both in terms of technology as well as financial modeling and analytics, since they go in tandem.
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