When I entered in Stock Market in early 90’ (1995), the behavior of market was like prehistoric era. Use of technology was minimal and nobody bothered about ‘knowledge’ and ‘skill’. Entire market was family driven business which means grandfather to grandson. Google was 36 month away from birth means knowledge was actually precious stone.
In this orthodox market society, people like me were treated as an outsider and this happened with everybody who had no family background in the stock market.
The ‘Y2K’ problem acted as a positive catalyst in Indian technology sector and the tide blew off all closed door of the orthodox market society with the arrival of newly launched ‘NSE’ (National Stock Exchange) as well.
People understood that without the help of technology the future of the stock market as well as the capital market was nothing. With this understanding a new problem erupted i.e. ‘cost of technology’. Being a student of computer science nothing was out of my academic knowledge.
Till 2000 I was only an investor cum trader. The technological change of the stock market gradually happened in front of me but I focused on my activity. Two small incidents happened with me back to back and they changed my entire market identity.
- The technological flows destroyer ‘CSE’ (Calcutta Stock Exchange)
- My Guru’s ‘Metastock’ data provider stop providing him data and it was hampering his study.
Though I solve the back office accounting glitch of ‘CSE’ but it was too late and we discovered the data format of ‘Metastock’ for my ‘Guru’ and by this way my journey as a ‘Financial Engineer’ started along with investment in market and of course my name is BIPUL B. CHOWDHURY.