Iconflux Technologies Pvt. Ltd.

Abstract

Summer internship started on 24th April 2020 with IconFlux technologies. The main purpose of the project was to make some good algorithms as per the current market conditions. The project was carried out on 16 allocated equities in NSE. The project was completed by using technical as well as fundamental analysis. It consists of both quantitative as well as qualitative research. The first week of the internship started as a training period where I was trained about the Indian equity market, Derivatives markets as well as various Algo trading concepts such as the order types in Algo trading, various risk associated and TWAP and VWAP Strategies used in Algo. After the training period we started with our routine work which included daily market research and identification of patterns using technical indicators. Once the patterns were identified then different Algos or Strategies were created on the online portal by Zerodha i.e. Streak where all these algos were back tested. We need to submit a daily report of all the algos deployed on the platform along with the results. The deliverables of the project were already mentioned to us in the beginning of the project so this daily reporting system helped me to keep a check on my performance. The project started with equity market but later on it moved on to derivative markets as well. In derivatives market we worked on arbitrage opportunities and pair trading. During this project we also learned about various research papers and their trading strategies. Also, once the algos were created I deployed them in real market with the help of paper trade. In the last week of the internship we were asked to modify the already developed strategies as per the current market situations. The entire motive of the project was to come up with good strategies which the organisation can take forward and work on them to build technology product.