Meet Parmar
Engineering student at IIT Kharagpur focused on quantitative finance and algorithmic trading. Experienced in Python, statistical modeling, and financial data analysis, with projects spanning market making, portfolio optimization, and derivatives pricing. Proven ability to implement complex mathematical models into high-performance code to solve real-world financial problems.
Experience
Market Making Bot (Python)
IIT Kharagpur
Engineered a market making bot in Python (NumPy, Pandas) implementing bid-ask spread-based quoting around mid-price
Developed inventory management logic to control position risk and maintain near-neutral exposure
Backtested strategy on simulated order book data achieving ~3-5% better spread capture than baseline quoting
Optimized dynamic pricing and order updates based on volatility, improving PnL stability and reducing drawdowns
Portfolio Risk Analysis
IIT Kharagpur
Architected Modern Portfolio Theory in Python (NumPy, SciPy) to compute efficient frontier for optimal asset allocation
Simulated 10,000+ portfolios using Monte Carlo methods to estimate Value at Risk (VaR) and return distributions
Achieved ~22% higher Sharpe ratio compared to an equal-weighted benchmark portfolio
Built risk-return visualizations using Matplotlib to support portfolio selection and decision making
Black-Scholes Options Calculator
IIT Kharagpur
Constructed Black-Scholes model in Python (NumPy, SciPy) to price 100+ European option variations and compute Greeks
Estimated implied volatility using Newton-Raphson method from market option prices
Visualized volatility surface and term structure for NIFTY50 options across multiple expiries using Matplotlib
Delivered close alignment with benchmark prices for ATM options, validating model accuracy
Education
IIT Kharagpur
B.Tech.(Hons.)
ST. Mary's High School
HSC
Skills
Coursework
Mathematics
Probability & Statistics | Linear Algebra | Advanced Calculus | Partial Differential Equations (PDE) Ordinary Differential Equations (ODE)
Computer Science
Data Structures & Algorithms (DSA) | Object-Oriented Programming Foundations | Numerical Methods
Achievements
Joint Entrance Examination (JEE) Advanced 2023
Placed in the Top 1% among 150,000+ test-takers
Leadership and Activities
NSS community development at IIT Kharagpur
Led volunteer groups of 20+ students during 120+ hours of NSS community development at IIT Kharagpur, coordinating campus initiatives and educational workshops for underprivileged communities.