ZCBI batch again got an opportunity to have an industry interaction and this time Mr Lucose Eralil, Head, Credit Suisse IT Centres of Excellence, Pune , shared his views on finance products and various aspects of banking and IT. Outstanding...lucose's enthusiasm and knowledge of his topic excited ZCBI’ans and provoked a great deal of interest for the topic.
Credit Suisse Group, a world leading financial services company, advising clients in all aspects of finance, around the world, deals in Investment banking, Wealth and Asset management. Credit Suisse is also in IT development of different applications to cater the services mentioned above.
Mr Eralil started with an introduction and a two way interaction on what are Asset management and Investment Banking, advisory in wealth management and high net-worth customers. He also briefed about the financial market terminology like Listed product, Foreign exchange, Equity linked notes, Warrants, Derivatives (Future and Options) , Margin and Bonds. We had a detailed session on various processes involved in a daily online trading and how Credit Suisse system deals with these.
Mr Eralil gave a valuable insight of daily trading and different steps/processes involved in it like different types of transaction (Principal, Agency and Position transfer), Type of Orders (Parent and child orders), Execution and Allocation, Exchange link, different traders such as Sales trader, Dealers, Proprietors. On the other hand, how Order management system of Credit Suisse helps in Trading processing and how FIX (Financial Information Exchange) is used in making online orders? Client inserts orders into order management System electronically via FIX connection.
His passion and voice developed interest in finance and added value to the finance as well as non-financial participants. Almost 80 people had a chance to listen Mr. Eralil. His enthusiasm is best represented by the standing ovation and excellent Q & A session.
Mr Eralil - Your one day presence here has nurtured actions and attitudes that will have wide-ranging ripple effects. Your thoughtful, articulate and lively commencement session on various aspects of banking and finance brought distinction and significance to all of us.
Thank you for a great presentation and we owe a debt of gratitude to you for waking us up. Your remarks throughout the session were substantive and provocative, in a word, terrific.
By Rajiv Jain and Monty Ruchandani
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