Paras Parekh

• I am a part of EIT Trade Surveillance Department, handling GWIM function.
• Trade monitoring of individual/ HNI/ FII portfolio covering diverse asset class i.e. Equity, derivatives, mutual funds, fixed income.
• Verify their trades with the details mentioned by compliance team.
• Based on alerts generated by system, analysis on MLI, ETF, MF, LPS & CEF is performed.
• Different aspects of portfolio like position of the client, concentration of their portfolio, return on investment, risk exposure, previous queries and client’s connection with price sensitive information are reviewed.
• Presenting MBR to top management. Providing training to US partners/analyst. Maintaining alert aging report and assisting team members for maintaining TAT.

I was part of surveillance team. Prime responsibility is to check, verify various types of reports from by day to day trades, it also includes continuous watch on market as well as various types of news or humor affecting the market or any certain securities.

• It is our responsibility to inform trading member/brokers of any suspicious trades done by their customers.
• Snaps – When system generates alerts about any security, report is to be prepared by reviewing connection of company with various people. Aim of this analysis is to find out whether there are any group/people active in inflating stock price or volume.
• Preliminary reports - to be prepared for selected scrip to identify abnormal behavior of pricing and volumes. Detailed peer level and sector specific analysis is part of this investigation.
• Investigation Report – Micro level analysis of selected scrip. It takes minimum 3 months to prepare investigation report and at times it requires company visit as well for scrutinizing company operations, workforce, turnover, products, etc.
• Caution Call -One of the jobs is to stop suspicious trading activities by doing a caution call, asking detailed explanation for trading in certain stocks from trading member and their customers.
• Suspension Handling - Scrutinize suspended companies which are suspended due to preferential issues or for any other surveillance reasons. Analysis of balance sheet, Cash flow statements, contracts, agreements, bank accounts or any financial transaction are part of this investigation.
• Analysis of trades – Analysis of various types of trades for example, order spooking, order before first trade, circular trading, pump & dump, LTCG, HFT.
• MIS Reports – Management reporting related to snaps, preliminary reports, investigation reports, circular trades, etc. & representing that reports to top management.