Fantasy stock trader app
Founded by a former JP Morgan principal, TrakInvest partners with institutions like Thomson Reuters and Religare to offer sponsored internships to students in emerging Asian markets. The platform launched to the public in late December and is open to people anywhere in the world TechCrunch readers can sign up through this linkthough it currently focuses on reaching aspiring traders in India, Singapore and other Asian countries. Two of the top traders on the platform represent the types of users Bhatia wants to sign up: We are moving to arbitraging intelligence.
TrakInvest currently has 50 sponsored internships lined up to offer to the top student performers over the next few months. Interns are picked based on their portfolio performance, research and discussions on the site.
Many had trouble finding the internships they needed to launch a financial career. TrakInvest currently has 12, reports covering markets and exchanges in countries including Australia, India, China fantasy stock trader app the U.
It has received support from several academic institutions, including the Risk Management Institute at NUS, which made about five years of research data available to TrakInvest. The site uses an two-step authentication process to encourage people to use their real names, which creates accountability.
Incentives for user fantasy stock trader app include competitions that reward people who refer the largest number of friends or start the most interesting discussions on TrakInvest. The site is currently working on a ranking fantasy stock trader app that will evaluate the trading style and risk adjustment return of individual users. This will be especially useful for students with no previous trading experience and can be integrated into their LinkedIn profiles.
Bhatia says he wanted to have internships because of his own career background. After moving to Singapore, Bhatia began mentoring students and realized how difficult it is fantasy stock trader app people to get a foothold on a financial career, especially in emerging markets.
The argument I would use was to show real pieces of fantasy stock trader app, real performance records and then request an internship on their behalf. That was the beginning of that concept. TrakInvest is free and will remain free for students. Bhatia says the site is considering a revenue model that will allow student traders to charge a small fee for non-students to follow them and take a commission from that.
Other potential monetization strategies include providing independently audited track records for traders to give to prospective employers or clients.