Shah founded RXT Global as a proprietary trading and financial services firm focused on systematic and discretionary derivatives trading across NSE and BSE. As Founder and Director, he oversees all trading operations across equity derivatives and currency segments, drives strategic direction, and manages the firm's risk framework. The firm integrates quantitative research with real-time market judgement to generate sustainable, risk-adjusted returns.
Smit Shah (born , Surat, Gujarat) is an Indian quantitative financial trader, entrepreneur, and technologist specialising in equity derivatives, options, and currency markets on NSE and BSE. He is the Founder and Director of RXT Global — a proprietary trading firm based in Surat — and serves as President of NFA Traders' Talk, a professional forex trading and networking community. Shah is a CFA Charterholder, FRM, CIPM, CMT and SEBI Registered Investment Adviser (RIA) who has cleared 11 NISM series and 5 NCFM modules across currency, equity and interest-rate derivatives, AIF management, research analysis, algorithmic trading and technical analysis. He is currently enrolled in the IIM Bangalore — Advanced Management Programme in Quantitative Finance (AMPQF) and applying to the IIM Bangalore PhD in Commerce (Finance & Quantitative Methods) for the 2026–27 cycle. At the intersection of finance and technology, he builds systematic trading strategies, contributes to open-source fintech infrastructure, and works to raise the standard of financial education in India.
Early Life & Background
Smit Shah was born on 18 January 2002 in Surat, Gujarat, India, into a close-knit Gujarati family. He is the only child of Shreyash Vijaykumar Shah and Purvi Shreyash Shah. Raised in the commercial and entrepreneurial spirit of Surat — historically one of India's most significant trade and textile cities — Shah developed an early fascination with financial markets, technology, and analytical thinking.
Growing up as a single child in a family-oriented Gujarati household, Shah benefited from undivided support and a nurturing environment that encouraged intellectual curiosity across both finance and technology. His early exposure to India's capital markets, combined with a natural affinity for computers and systems, laid the foundation for what would become an unusually broad and rigorous professional portfolio.
He pursued his higher education in Bengaluru, Karnataka — simultaneously completing a B.Tech in CSE (Cybersecurity) and a BBA in Banking & Finance at Jain University (2021–2025). Bengaluru's dynamic technology ecosystem further sharpened his technical skills, while his finance studies fuelled an increasingly serious engagement with Indian derivatives markets. By the time of graduation, he had already accumulated five major professional finance designations, multiple technology certifications, founded his own trading firm, and obtained an Indian Student Pilot Licence (SPL).
Education
Smit Shah's academic record combines elite finance scholarship with advanced computer science and cybersecurity qualifications — an unusual and powerful combination that underpins his multidisciplinary career.
Foundational Degrees — Completed
Dual-track undergraduate platform completed in parallel at Jain University, Bengaluru — engineering rigour combined with finance fundamentals.
Programme focused on safeguarding digital systems and addressing cyber threats. Expertise in secure system design, penetration testing, risk assessment, LDAP, Active Directories, and IoT security. Participated in cybersecurity workshops, CTFs, and collaborative research projects.
Comprehensive understanding of banking, financial analysis, risk management, and strategic financial planning. Curriculum fostered analytical thinking for the dynamic financial industry. Jain University's vibrant academic environment provided practical learning experiences and interactions with industry professionals.
Earlier Courses & Programmes
Specialised market-applications bootcamp and earlier IT-infrastructure certifications that anchor the practical side of the trading and fintech work.
Hands-on bootcamp equipping participants to apply machine learning techniques in algorithmic trading using Python. Covered trend-following and mean-reversion strategies, exploratory data analysis on stock pricing data, and practical implementation of ML models for trading — delivered via live classroom and live-stream sessions from NSE India, Mumbai.
Flagship long-duration Advanced Management Programme in Quantitative Finance (AMPQF) at IIM Bangalore covering the mathematical foundations of derivatives pricing, the Black–Scholes–Merton framework, option Greeks, stochastic volatility modelling, fixed-income analytics, VaR / Expected Shortfall, and numerical methods in computational finance using Python and R. Includes machine-learning applications in finance and an on-campus module at IIM Bangalore — delivered by IIMB faculty with expertise in market microstructure and derivatives risk, leading to IIMB Alumni status on completion.
Six-month joint executive programme (Batch 2) covering financial statistics, derivatives, quantitative analysis, risk measurement, financial modelling, and regulatory frameworks. Live interactive virtual sessions with IIM Sirmaur faculty plus an exchange-aligned curriculum from NSE Academy — combining theoretical rigour with practical Indian-market applications and an IIM-issued certificate.
Completed dual certifications — Certified Hardware Network Associate (CHNA) and Certified System Professional (CSP) — covering computer hardware assembly & troubleshooting, network configuration, system administration, and OS deployment. Hands-on technical training at IANT Educom built a strong foundation in IT infrastructure that underpins Shah's work in trading systems and fintech platforms.
Standardised Test Scores
Admissions test stack for upcoming IIM Bangalore PhD (Commerce), Stanford GSB PhD (Finance), and IIT Bombay M.Tech + PhD applications.
Career & Professional History
Current Positions
Actively trades Nifty 50, Bank Nifty, and single-stock options alongside USDINR and other currency pairs. Specialises in multi-leg options structures, volatility surface analysis, calendar spreads, and Greeks-based position management. Utilises platforms including OpenAlgo, Symphony XTS, GreekSoft, and NEAT.
Holds the SEBI RIA registration, enabling formal investment advice under Indian securities law. Mandates high professional standards, strict fiduciary duties, conflict-of-interest disclosures, and periodic compliance — reserved for rigorously vetted finance professionals only.
Previous Professional Experience
Associated with Arham Shares Pvt Ltd in a financial advisory and market analysis capacity. Developed expertise in client-facing financial services, investment advisory processes, capital market research, structured product analysis, and professional financial communication. The role deepened practical exposure to Indian equity broking operations and compliance frameworks.
Jainam Broking Ltd is one of India's leading stockbroking and financial services companies. Shah initiated and steered technical analysis endeavours, formulated delta-hedging strategies, developed sophisticated spreads, and exhibited adept management of stock Greeks. Served as a Portfolio Management Services (PMS) handler and IPO file manager. Career commenced as a phone broker — a foundational role that provided direct insight into institutional order flow and client servicing.
Delivered comprehensive IT instruction covering: Microsoft Server — LDAP & Active Directory, Linux+, IoT, Cloud Infrastructure, Networking, and RHCSA. Fostered a dynamic learning environment, engaging students with cutting-edge technologies and preparing them for real-world IT applications.
Professional Financial Credentials
Shah holds an extraordinary portfolio of globally recognised financial designations. Simultaneously holding CFA, FRM, CIPM, CMT, and SEBI RIA places him among an ultra-select cohort of finance professionals worldwide — reflecting extraordinary intellectual breadth and sustained professional discipline.
CFA Charterholder
The gold standard in global investment management. Covers portfolio theory, equity analysis, fixed income, derivatives, alternative investments, ethics, and quantitative methods. Held by fewer than 200,000 professionals worldwide.
CFA Institute, USAFinancial Risk Manager (FRM)
Premier global standard in financial risk management. Covers quantitative risk analysis, market risk, credit risk, operational risk, and risk modelling.
GARP — Global Association of Risk ProfessionalsCIPM — Investment Performance Measurement
Specialist credential in investment performance evaluation, attribution analysis, GIPS standards, and return calculation methodologies.
CFA Institute, USAChartered Market Technician (CMT)
Premier credential in technical analysis. Covers chart patterns, intermarket analysis, behavioural finance, systematic trading, and advanced market theory.
CMT Association, USARIA
SEBI Registered Investment Adviser (RIA)
Regulatory registration issued by the Securities and Exchange Board of India (SEBI) permitting formal investment advice provision to Indian investors. Mandates high professional standards, fiduciary duties, conflict-of-interest disclosures, and periodic regulatory compliance — reserved exclusively for qualified, vetted professionals. Governed under the SEBI Investment Advisers Regulations, 2013.
Securities and Exchange Board of India (SEBI)
NISM Certifications
Currency · Equity · Interest Rate · Investment Adviser · AIF · Research Analyst
11 certs
NISM-Series-I — USD-INR & cross-currency futures and options, FX market structure, pricing & hedging, exposure margining, and the SEBI/RBI regulatory framework governing the Indian currency derivatives segment on NSE and BSE. Verify ↗
NISM-Series-VIII — mandatory Nifty 50 & BankNifty futures and options certification: option Greeks, SPAN & exposure margins, settlement, and the NSE F&O regulatory framework. Required for approved-user and dealer registration with stock-broking firms. Verify ↗
NISM Investor Awareness — SEBI-mandated financial literacy programme covering investor rights, SCORES grievance redressal, mis-selling, and market-risk awareness for retail investors. Verify ↗
NISM-Series-XIII — unified derivatives certification covering equity, currency and interest-rate derivatives across NSE/BSE: futures & options pricing, hedging, arbitrage, clearing & settlement, and SEBI risk-management framework. Verify ↗
NISM-Series-IV — Government Securities, RBI monetary-policy operations, bond futures pricing, duration & convexity, yield-curve modelling, and IRD regulatory framework on NSE. Verify ↗
NISM-Series-X-A — basic foundation for SEBI Registered Investment Advisers (RIAs): regulatory framework, financial planning, asset classes, investment products, and client risk profiling under the SEBI (Investment Advisers) Regulations, 2013. Verify ↗
NISM-Series-X-B — advanced module mandatory for SEBI Registered Investment Advisers: comprehensive financial planning, advanced taxation, estate planning, portfolio construction, behavioural finance, and case-based investment advisory under SEBI RIA Regulations. Verify ↗
NISM-Series-XIX-C — Alternative Investment Fund structures, fund accounting, valuation, taxation, and the SEBI (Alternative Investment Funds) Regulations, 2012 — covering hedge funds, private equity and venture capital structures. Verify ↗
NISM-Series-XIX-D — Category I and II AIFs: infrastructure, SME and social-venture funds, venture capital, real-estate investment structures, due-diligence, fund-of-funds operations and SEBI compliance. Verify ↗
NISM-Series-XIX-E — Category III AIFs: hedge-fund strategies, leverage and short-selling, complex derivatives trading, prime-brokerage, advanced portfolio risk management, and SEBI Cat-III AIF compliance. Verify ↗
NISM-Series-XV — mandatory certification under SEBI (Research Analysts) Regulations, 2014: equity research, financial modelling, DCF / relative valuation, sector analysis, and disclosure obligations for SEBI-registered Research Analysts. Verify ↗
NSE NCFM Certifications
Algorithmic Trading · Options · Derivatives · Technical Analysis
5 certs
NCFM (Advanced) — algorithmic trading strategies, automated risk-management, audit & compliance, order-routing protocols and practical implementation of trading algorithms on the NSE infrastructure. Verify ↗
NCFM — advanced option strategies on Nifty, BankNifty and stock options: spreads, straddles, strangles, butterflies, condors, ratio & calendar spreads, volatility trading, and hedging using option Greeks in Indian F&O markets. Verify ↗
NCFM (Advanced) — pricing of futures and options under Black–Scholes–Merton, binomial trees, exotic options, hedging with the Greeks, portfolio risk under VaR, and Indian derivatives regulations. Verify ↗
NCFM — chart types, candlestick patterns, support & resistance, trend indicators (RSI, MACD, Bollinger Bands), and trading-signal interpretation for equity and derivatives markets. Verify ↗
NAL — NSE Academy Certifications
Elliott Wave & Fibonacci · Python in Trading · Technical Analysis
3 certs
NSE Academy (NAL) — applied Elliott Wave impulse and corrective wave structure, Fibonacci retracement & extensions, wave-degree labelling, and integrated technical-analysis trade setups for Indian equities and derivatives. Verify ↗
NSE Academy (NAL) — applied Python for quantitative trading and investing: market-data ingestion via NSE/BSE APIs, pandas/NumPy time-series analysis, signal generation, backtesting, portfolio optimisation and broker-API connectivity (Zerodha Kite, Symphony XTS, OpenAlgo). Verify ↗
NSE Academy (NAL) — intermediate Technical Analysis Module: Dow Theory, multi-timeframe analysis, classical & harmonic chart patterns, momentum & volume indicators, risk-reward framework, position-sizing and execution discipline for Indian equity, currency and commodity derivatives. Verify ↗
Technology Certifications
Beyond finance, Shah holds a formidable stack of globally recognised technology certifications spanning cybersecurity, cloud, systems administration, and IT training.
Red Hat Certifications
Enterprise Linux Administration · Server Infrastructure
2 certs
Enterprise Linux administration covering user management, file systems, networking, and production server operations under RHEL. Verify ↗
Advanced Red Hat certification recognizing demonstrated expertise across enterprise Linux environments, systems management, and Red Hat technologies. Verify ↗
EC-Council Certifications
Ethical Hacking · Cybersecurity · Penetration Testing
3 certs
Ethical hacking and penetration testing certification covering exploitation techniques, network security, social engineering, and defense strategies. Verify ↗
Network defense certification focused on protecting, detecting, and responding to network threats — covering firewalls, IDS/IPS, VPNs, and incident response. Verify ↗
Foundational cybersecurity certification covering data security, internet safety, social engineering awareness, and secure usage of digital systems. Verify ↗
Microsoft Credentials
MVP · MCT · Student Ambassador · AZ-104 · Azure · Power Platform
4 certs
Most Valuable Professional — awarded to <3,000 globally for community excellence. mvp.microsoft.com ↗
Certified to deliver official Microsoft training programmes globally. learn.microsoft.com ↗
Prestigious global programme identifying future technology leaders. Learn more ↗
Azure VMs, storage, networking, identity & access management. azure.microsoft.com ↗
CompTIA Credentials
Network+ CE · Security+ CE · ITF+ · Instructor Network (CIN)
4 certs
Certified CompTIA educator — networking, security, IT fundamentals. comptia.org ↗
Other Certifications & Participations
A collection of government pledges, internship completions, and participation recognitions across institutions, programmes, and industry events.
Government of India
Integrity Pledge · Central Vigilance Commission
2 certs
Issued by the Central Vigilance Commission, Government of India. Certifies adoption of the Integrity Pledge — commitment to uphold the highest standards of honesty, integrity, and probity in all walks of life. Certificate No. 4488392272.
Participation pledge under the Government of India / Ministry of AYUSH International Day of Yoga awareness initiative — committing to integrate yoga, mindfulness, and holistic wellbeing into daily life. Recognises the personal discipline, mental focus, and physical health that complement the rigour of professional trading and quantitative research.
Internship Completions
Futurense Technologies · Jainam Broking
2 certs
Successfully completed internship programme with Futurense Technologies Pvt. Ltd., Bengaluru — 05 Jun 2024 to 05 Jul 2024. USN: 21BTRCC034. Issued by Karthik Joseph, General Manager – Human Resources.
Recognised participation in training and market operations programme at Jainam Broking Ltd. — one of India's leading equity and derivatives broking firms.
Participation Certificates
Workshops · Seminars · Events · Competitions
— certs
Knowledge & Trading Expertise
Trading Platforms & Market Technology
Shah operates with proficiency across India's major trading platforms and execution systems, covering both retail and institutional-grade infrastructure on NSE and BSE.
Technology Skills & Systems
Ventures
Founding-level entrepreneurial ventures and live businesses established by Smit Shah.
RXT Global — Proprietary Trading Firm
Shah's primary venture — RXT Global is a proprietary trading and financial services firm focused on systematic and discretionary derivatives trading across NSE and BSE. Multi-strategy operation covering volatility arbitrage, directional options, and gamma-scalping. Core execution via GreekSoft, Symphony XTS, OpenAlgo, and NEAT.
RoamRig Rentals — Campervan & Minibus Hire
Shah's primary venture — RoamRig Rentals is a vehicle hire and travel services company focused on leisure and group travel across India and South Asia. Full-fleet operation covering self-drive campervans, chauffeured minibuses, and glamping transfers. Core bookings via Airbnb Experiences, Goibibo, MakeMyTrip, and direct OTA.
NFA Traders' Talk — Forex Trading Community
Shah serves as President & Host of NFA Traders' Talk — a professional forex trading knowledge and networking community based at IT Park, Surat. Responsible for community gathering, event management, and member growth — targeting 500+ consistently profitable traders by 2026. Sessions cover trading psychology, risk management, market awareness, and peer networking — operated in alignment with SEBI compliance and regulatory standards.
Finance Projects & Research
Research Papers & Publications
Smit Shah has authored and contributed to research publications spanning financial markets, IoT systems, and applied technology. Full references and links will be published here as available.
Technology Projects
Personal Interests & Hobbies
Rifle Shooting
Competitive marksmanship — 2nd place at District Level (GSRA). The focus and composure of competitive shooting directly reinforces trading discipline.

Equestrian Pursuits
The timeless art of horseback riding — demanding patience, partnership, and physical mastery. A pursuit of elegance and disciplined control.
Culinary Adventures & Fine Dining
A connoisseur of global cuisines — from Indian haute cuisine to contemporary European gastronomy. Food as an expression of culture, craft, and meticulous attention to detail.
Aviation & Flying
Holds an Indian Student Pilot Licence (SPL) — DGCA certified. Navigating the skies demands the same precision and situational awareness as professional trading.
Achievements & Honours
Microsoft MVP
Global recognition for outstanding Microsoft tech community leadership — <3,000 worldwide.
Microsoft Student Ambassador
Global programme for future technology leaders.
Rifle Shooting — District 2nd Place
Secured 2nd at District Level under GSRA.
Student Pilot Licence (SPL)
DGCA-issued — aviation proficiency, navigation, meteorology.
SEBI RIA — Registered Investment Adviser
Exclusive SEBI regulatory registration for vetted finance professionals.
Languages
| Language | Proficiency Bar | Level | Standard |
|---|---|---|---|
| English | Professional Native | C2 / Bilingual | |
| Gujarati | Native | Mother Tongue | |
| Hindi | Fluent | C1 | |
| Marathi | Fluent | C1 | |
| Español (Spanish) | Intermediate | B1 / B2 | |
| Kannada | Basic | A2 | |
| Financial / Market Language | Expert | CFA · CMT · FRM |
References
Footnotes & Citations
In-article citations supporting factual claims, designations, and institutional references throughout this profile.
Bibliography
Institutional sources, regulatory frameworks, and professional bodies referenced in compiling this profile.
| [F1] | CFA Institute (Charlottesville, VA, USA). CFA Programme Curriculum. CFA Institute, 2024. |
| [F2] | GARP — Global Association of Risk Professionals. FRM Exam Study Guide. GARP, 2024. |
| [F3] | CMT Association. CMT Program Study Materials. CMT Association, 2024. |
| [F4] | Securities and Exchange Board of India (SEBI). Investment Advisers Regulations. SEBI, 2013 (amended). |
| [F5] | National Institute of Securities Markets (NISM). Workbooks for Series I (Currency Derivatives), IV (Interest Rate Derivatives), VIII (Equity Derivatives), X-A & X-B (Investment Adviser Level 1 & 2), XIII (Common Derivatives), XV (Research Analyst), and XIX-C / XIX-D / XIX-E (AIF Managers). NISM, 2024–25. |
| [F10] | NSE Academy & NSE Academy Limited (NAL). NCFM & NAL Self-Study Modules — Algorithmic Trading, Options Trading (Advanced), Derivatives (Advanced), Technical Analysis, Elliott Wave & Fibonacci Retracement, Application of Python in Trading & Investing. NSE Academy, 2024. |
| [F11] | IIM Bangalore — Executive Education Programmes. Advanced Management Programme in Quantitative Finance (AMPQF). IIM Bangalore, 2025–26. |
| [F6] | National Stock Exchange of India (NSE). NEAT System Overview & Market Data. NSE, 2024. |
| [F7] | Bombay Stock Exchange (BSE). BOLT System & Market Infrastructure. BSE, 2024. |
| [F8] | CRISIL Ltd. CRISIL Ratings Methodology. CRISIL, 2024. |
| [F9] | Reserve Bank of India (RBI). Monetary Policy and Interest Rate Derivative Framework. RBI, 2024. |
| [T1] | Red Hat, Inc. RHCSA Exam Objectives — EX200. Red Hat, 2024. |
| [T2] | EC-Council. CEH v12 Course Outline & Exam Blueprint. EC-Council, 2023. |
| [T3] | Microsoft Learn. AZ-104: Microsoft Azure Administrator — Study Guide. Microsoft, 2024. |
| [T4] | CompTIA. Network+, Security+, ITF+ Exam Objectives. CompTIA, 2023. |
| [T5] | OpenAlgo. Algorithmic Trading Platform Documentation. OpenAlgo, 2024. |
| [T6] | Symphony Financial Technologies. XTS API Platform Technical Reference. SFT, 2024. |
| [T7] | GreekSoft Technologies. Options Analytics Platform Overview. GreekSoft, 2024. |
External Links
Official websites, professional profiles, social platforms, and downloadable resources.
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