AlgoTest (YC S22)

🚀 We’re Hiring: Mobile Developer (3+ Years Experience) 🚀 AlgoTest (YC S22) is on a mission to revolutionize retail trading by building an intuitive, robust platform designed for traders who dare to think big. We’re leveling the playing field in the financial markets, empowering individuals with powerful tools to trade smarter. If you’re passionate about creating user-friendly, scalable mobile applications, we want you on our core team to help shape the future of trading. Why Join Us? - Work directly with founders to drive innovation in Indian financial market. - Build scalable, cross-platform apps using cutting-edge frameworks. - Play a key role in delivering high-performance, responsive applications to retail traders. What You’ll Do: - Develop and optimize mobile apps tailored for traders. - Collaborate with designers and engineers to create seamless interface. - Ensure top-notch code quality through unit and integration testing. What We’re Looking For: - 3+ years of experience in mobile app development. - Expertise in React Native, Flutter, and TypeScript. - A proven track record in building scalable, user-focused solutions. 💼 Location: Delhi, IN 💰 Salary: ₹20L–₹35L + Equity (0.10%–0.20%) Ready to build the future of retail trading? 📌 Check out the full job description and apply here: https://lnkd.in/gwJ9zseZ

Please join this session if you're available this Saturday evening. (21st Sep). I will get into further details including talking about some intraday index option strategies.

📢 Exciting News! 📢 Our co-founder and CEO, Raghav Malik has been featured in the Economic Times! The article dives into the often misunderstood role of derivatives in retail trading, offering a balanced perspective that aligns with our mission to empower retail traders. As part of this op-ed, we wanted to address the crucial role derivatives play for retail traders and other market participants as a hedging tool, and not just mere speculation. This important use case has often been overlooked in SEBI reports and media coverage. We’re proud to present a counter-narrative that gives the full picture. 📰 Read the full article here: https://lnkd.in/g2ed-bGp #AlgoTest #RetailTrading #Derivatives #Finance #TradingStrategy #EconomicTimes #SEBI

So, the Indian derivatives market. Everyone’s freaking out about how traders are losing money left and right. SEBI says it's because they're all just gambling. But as the co-founder and CEO of AlgoTest (YC S22), a test first trading platform, I’ve got news for you: that’s not the whole story. Derivative markets aren’t just some wild casino—they’re tightly linked to the equity markets. And if all you do is look at traders’ P&L in the derivatives segment, you’re missing the big picture. You’re missing the whole point: #hedging. #NotJustACasino: The Real Role of Derivatives Let’s get something straight. Not everyone playing in the derivatives market is there to gamble away their life savings. Sure, some are. But a lot of folks are using derivatives to hedge against potential losses. Or better yet, they’re trying to squeeze out a bit more juice from their portfolios by leveraging things like the volatility risk premium. But who’s talking about that? No one, apparently. Instead, we’re obsessing over who’s winning and losing in the short term without asking why they’re even in the game. #HedgingAin’tCheap, But It’s Worth It Hedging is expensive. It’s like buying insurance. You pay up front, and if the market goes nuts, you’re protected. But if all you do is look at the money spent on hedging without considering the disasters it prevented, you’ll think traders are just flushing cash down the toilet. It’s like saying, “90% of insurance buyers are losers!” because they didn’t need to file a claim this year. Makes zero sense, right? Yet that’s exactly the logic some people are using when they talk about the derivatives market. SEBI’s Take: #MissingTheMark Yeah, there’s speculation going on—no doubt about it. But SEBI’s reports are way too simplistic. They’re saying, “90% of retail traders are losing money because they’re speculating!” and calling it a day. But here’s the thing: not all these traders are speculating. Some are managing risk. Take calendar spreads on expiry day, for example. These are hedged positions, but SEBI’s treating them like pure bets. So, what do they do? Propose penalties for something that’s actually a sound risk management strategy. It’s like punishing someone for wearing a seatbelt because they’re driving on a busy road. But the bigger sin? The reports don't even consider excluding traders with offsetting equity or mutual fund positions from their data. By lumping everyone together, they’re painting a picture that’s completely off. If you want to know how much speculation is really going on, maybe start by separating the wheat from the chaff—the hedgers from the speculators. #RealityCheck What we need isn’t more of this one-size-fits-all thinking. We need a more nuanced take on the derivatives market—one that gets that derivatives are there for speculation and hedging. Regulators and analysts need to stop oversimplifying things and start recognizing that hedging, while it costs money now, can save way more in the long run.

We will be addressing each point in Securities and Exchange Board of India (SEBI)'s proposal over the next few days. Tagging Neil Borate Sucheta Dalal Santosh Nair Madhav Chanchani for hopefully some more visibility to this counter narrative.

Rajat Jaiswal and I are looking for a Quant Developer Intern for our Core Trading Platform at AlgoTest (YC S22). # About AlgoTest: AlgoTest is a dynamic and fast-growing startup revolutionizing the trading industry. Our platform is designed to empower retail traders with the tools and knowledge to make informed decisions in the financial markets. # Position Overview: As a Quant Developer Intern, you will play a pivotal role in the development and backtesting of various trading strategies. You will work closely with our founders, and other team members to build, backtest, and deploy trading strategies. # Responsibilities: * Collaborate with the team to research, develop, and backtest algorithmic trading strategies across various asset classes, with a focus on optimizing risk-adjusted returns. * Write clean, maintainable, and efficient code. * Collaborate closely with founders and retail traders to understand the requirements of Indian retail traders and make automated trading systems. # Requirements: * Currently pursuing a degree in Computer Science, Mathematics, Finance, or a related field. * Proficiency in programming languages such as Python, R, or C++. * Strong analytical and problem-solving skills. * Excellent communication skills, with the ability to effectively communicate with founders and retail traders. * Solid understanding of database management systems (e.g., PostgreSQL) and proficiency in SQL. # Benefits: * Mentorship from experienced traders. * Exposure to real-time market data. * Opportunity to work in a fast-paced and innovative fintech startup. Prior adventures/experience in the trading or financial industry, including knowledge of trading systems, market data, or algorithmic trading would be preferred. DM me or AlgoTest (YC S22) with your resume and we can get started.