In this Face2Face video, Vishal Mehta and Nitesh Khandelwal explore the evolution of algorithmic trading in India, sharing personal experiences and practical perspectives that illustrate how the landscape has shifted over the last decade.Nitesh begins by recalling how he first encountered algorithmic trading in 2009 when an exchange released a circuit that highlighted the importance of automated systems. Recognizing the potential, he traveled to Canada and the U.S. in 2010 to study how professionals there approached automated trading. This exposure helped him understand the scale and sophistication of infrastructure needed to succeed in the field.
Between 2019 and 2024, he describes his journey as smooth. However, post-2024, the environment became more challenging, as market conditions tightened and competition intensified. This shift underscored that observation and analysis must go hand in hand to maintain an edge. They also discuss whether brokers can or should provide ready-made algorithms to clients. Nitesh emphasizes that when his firm transitioned from being a strategy developer to holding a brokering license, it fundamentally changed their business. This experience taught him that infrastructure and compliance are as critical as the strategies themselves.
Throughout the conversation, the role of intraday trading and its suitability for normal traders comes up. Nitesh suggests that while intraday can be tempting, traders need to weigh the psychological demands and consider whether it fits their temperament and goals. A notable part of the discussion highlights commodity options. Nitesh explains that while many traders ignore these instruments, he and his team have actively started evaluating them because they believe significant inefficiencies remain. This, he suggests, is an area where disciplined traders can still find opportunities away from crowded spaces.
Ultimately, the conversation reinforces that algorithmic trading is not simply about technology. It is a blend of quantitative logic, deep market understanding, continuous observation, and rigorous analysis. For those willing to invest in building the right mindset and infrastructure, it offers a path to create systematic strategies capable of adapting to India’s evolving markets.

Your Speaker
Vishal Mehta and Nitesh Khandelwal

Your Host
Vivek Bajaj