'Intelligence follows curiosity' - James Clear
In the past couple of years, I have always strived to learn something new from any learning opportunity that came my way, which would make me a better individual.
I am elated to share that I have completed my 2-month internship at the Treasury Department of The Federal Bank, Mumbai.
Key learnings from the internship-
🔹️The core role was defined to study currency options. Learnings from the internship were about how currency options are priced (Using the Garman-Kohlhagen model) and about various options strategies that banks/corporates use.
🔹️Back-tested various options strategies
which are widely used by banks and corporates. The inferences from the back-tested results helped in understanding how these strategies perform in different market trends.
🔹️Understanding how various factors such as volatility, risk-free rates, spot price, and time to expiry affect the option prices and the impact on the gains/losses materialized from the option strategies on exit/expiry.
I am grateful to have had a lifetime experience which came to me at the right point of time when I needed it the most.
Although 2 months is not a long duration, executives at the Treasury department of Federal Bank, Mumbai, ensured that I got to have the best corporate exposure possible and never compromised with regard to it.
I would like to thank Mr. Sreekanth IV, Mr. Kunal Sunil Kangale, Mr. Abhishek Chanodiya, Mr Jeet Sahoo and Mr. Tangudu Neelakantha for providing me with immense support throughout this study. This experience was exciting and challenging at the same time.
I am grateful to my academia National Institute of Securities Markets (NISM) for assisting me to get this opportunity and all the faculty members who have played a pivotal role in guiding me for this internship.
Looking forward to having one more exciting year at National Institute of Securities Markets (NISM) as I am on my way back to complete my last year of PGDM(SM) course.
Onwards and upwards!!
NISM Corporate Connect NISM Alumni Association
#internshipcompletion #internshipexperience #internshipjourney #learningexperience #treasurymanagement #derivatives #forex #internship #linkedinconnections
#nism #sebi #federalbank
Ex-Quantitative Research intern @HFT |AIR 21 ICPC Amritapuri region'23 |AIR 21 ICPC Chennai region'23 | Ex-Problem Setter @Scaler/Interviewbit |Research Consultant @Worldquant |Master @codeforces |IIT Indore CSE'25
2moThe first day has been fantastic! Excited for the great times ahead.