Shyam S. Rajgarhia
About Shyam S. Rajgarhia
Shyam S. Rajgarhia is an EM FX & Short Term Rates Trader at UBS in New York, where he has worked since 2021. He has a background in finance and applied mathematics, with previous roles at notable firms including Bank of America Merrill Lynch and AQR Capital Management.
Work at UBS
Shyam S. Rajgarhia has been employed at UBS since 2021, serving as an EM FX & Short Term Rates Trader. In this role, he operates from New York, United States, and focuses on trading in emerging market currencies, specifically in the foreign exchange (FX) market. His responsibilities include market making for FX swaps, forwards, and spot transactions, contributing to the firm's trading strategies and market positioning.
Previous Experience in Finance
Prior to his current position at UBS, Rajgarhia held several roles in the finance sector. He worked at Bank of America Merrill Lynch as an Analyst in Exotic Equity Derivatives Trading from 2020 to 2021. He also completed a summer analyst position in Global Markets Sales and Trading at the same institution in 2018. Additionally, he gained experience as an Equity Research Intern at Kennedy Capital Management, Inc. in 2018, and participated in the Early Engagement Program at AQR Capital Management.
Education and Expertise
Rajgarhia studied at Indiana University Bloomington, where he earned a Bachelor of Science degree in Applied Mathematics and Finance from 2016 to 2020. He achieved a GPA of 4.00/4.00 during his studies at Amity International School, Saket, where he obtained the All India Secondary School Certificate. His academic background provides a strong foundation for his analytical skills in finance and trading.
Technical Skills and Projects
Rajgarhia developed an FX options screener using Python, which analyzes levels in implied volatility, risk reversals, butterflies, and calendars. This tool aids in providing insights on market positioning and identifying optimal trading structures. He has also utilized FX options strategies to express medium-term views on delta, realized and implied volatility, and to hedge against macro event risks.
Involvement in Academic and Professional Programs
During his academic career, Rajgarhia served on the Dean's Insight Board at Indiana University - Kelley School of Business from 2018 to 2020. He also participated in the 2018 Academy Summit at Point72, which provided him with additional exposure to the finance industry and networking opportunities with professionals in the field.