Amit Jadhav

About Amit Jadhav

I would like to introduce myself as Assistant Manager with over 9 years of experience in…

Experience

1. Assistant Manager

   Nomura

   Feb 2014 — Present · Mumbai, IN

   Responsible for clearing trades on self-clearing US markets (CME/CBOT/NYMEX & COMEX) and other markets like Montreal Exchange, OCC, NYBOT using broker platform (Newclear) Société Générale since we are not member on Exchanges.Supporting EMEA Markets during US hours.(EUREX, LIFFE, ICE EU). Reporting Early Assignment related to EMEA Markets.Accounts/Reference setups in clearing system like Fastfill & record keeping system GMI to make sure that trade executed is correctly booked if self-clearing or Given up to correct clearing broker per client instructions.Exposure to CME exchange portal (FEC Plus) to perform various day to day task – manually clearing trades, average price, leg price adjustments, unclaimed give-up trades, Position Transfers.CME Intraday position Limit Monitoring & MIS Management. Responsible for training new member in team related to clearing activities and Preparing and updating SOP’s. Topday positions, purchase and sales, account balances. Creating region rules in GMI so that trade flow correctly into accounts. Processing exercise and assignment in GMI on daily basis.Producing reports from GMI and providing it to client and prop desks.Booking missing trades in GMI (futures & Options)Processing PCS & CGM files and releasing markets.Make sure that T+0 Clearing (US markets) are accurate since we are exposed to Risk.Timely and promptly escalation of Issues to responsible team is extremely important to mitigate Risk. Allocations of client & Firm trades are done correctly to avoid T+1 issues and breaks in Reconciliation. To Average fill price trades and allocate them as per Client requirementEuropean and American Market releaseReconciliation of US markets (CME/CBOT/NYMEX & COMEX) & Broker recs include ITAU/Newedge recs (Client & firm Rec) on T+1Reconciliation includes Trade Position & Cash and all should tie back For Broker related recs we use Newedge (ie Société Générale) VS GMI Reports