Ajay Darji
Associate Vice President, NSE
- Role
- Associate Vice President at Nse India
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Ajay Darji
Joined financial market during Physical Settlement era.Have been part of transformation journey of Indian Financial Market from Physical Settlement with settlement cycle of 15 days to full demat mode settlement with cycle of T+1. Open out cry trading system to fully automated trading systemActively participated in introducing Daily Bulletin of BSE Ltd. which comprise Corporate announcements, Bookclosure/Record Dates, and all related information and Corporate Actions.Setup of settlement calendars for all market types including Vyaj Badla / Bad Delivery System.Handled Investor Service Cell and participated in many Investor Education programmes.Regulatory compliance\'s and Reporting.Major roles in last decade-Lead team of Clearing and Settlement Operations, responsible for timely completion of all clearing and settlement activities within regulatory timelines and all related activities of other various products / segments, improvement and development of existing systems, various regulatory and compliance reporting’s and data disseminations 1. Handled clearing and settlement operations of various segments like, Equity Cash, Equity Derivatives, Offer to Sale, Offer to Buy, Securities Landing and Borrowing (SLB), GSEC, SGB, Electronic Bidding Platform, Corporate Bonds, EGR.2. Setup of settlement schedules for various segments.3. Liaised with Development team for related system enhancements and developments.Knowledge Transfer with QA teams and other related departments, providing themoverall view of product and functionality for testing of new enhancements anddevelopments.4. Integral part of Core Group formed by Regulator and MIIs for implementation of various new initiatives for improvement of Financial Market.5. Actively involved in developments and implementations of major new initiatives in Financial Market, few such projects are :• Implementation of Offer to Buy (OTB – Buy-back / Takeover / Delisting) Tender Offermechanism• Interoperability amongst Clearing Corporations • Rolling out of Steady State model for Give-up / Take-up of positions in Equity Cash Segment• Implementation of Block Mechanism in Depository System• Rolling out of T+1 Settlement Cycle in Equity Cash Segment• Merging of settlement obligations of FnO positions with Equity Cash Segment• Implementation of RFQ (Request for Quote) in Corporate Bond Segment. • Direct Client settlement through UPI mechanism• Standardization of File Formats amongst MIIs• T+0 settlement mechanism
Experience
Associate Vice President
Nov 2024 — Present · Mumbai, IN
Inspection, Regulatory Compliance
Education
University of Mumbai
B.Com, Accounts
1983 — 1989
St.Xavier's Technical, Mumbai
Computer Software & System Analysis
1990 — 1991
Jamnalal Bajaj Institute of Management Studies (JBIMS)
Certificate Course of Management of Financial Market
2003 — 2004
Skills
- Capital Markets
- Derivatives
- Financial Markets
- Trading
- Securities
- Banking
- Mutual Funds
- Risk Management
- Team Management
- Equities
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