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November 15, 2013 10:58 am GMT
There are several virtual stock exchanges, including ones just for kids, butTrakInvest stands apart by giving its members a chance to turn fantasy trades into real jobs. 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 link), though it currently focuses on reaching aspiring traders in India, Singapore and other Asian countries. Headquartered in Singapore with offices in India, TrakInvest has received early investment from SparkLabs Korea, as well as leading family offices in India and the Middle East. Founder Bobby Bhatia say his site seeks to differentiate from other fantasy trading platforms with a “learn-share-earn” model. TrakInvest’s main goal is to serve as an education and talent identification tool where students can connect with experienced traders from institutions like JP Morgan. Two of the top traders on the platform represent the types of users Bhatia wants to sign up: Roshni Kanchan, a housewife in India with a 12% return and Alex Dicu, a Polish student studying for an MBA in Singapore. “As more people start using it, our belief is that what we will do is change how trading is done in the emerging markets,” says Bhatia. “In emerging markets there has been arbitrage opacity. We are moving to arbitraging intelligence.” Helping Aspiring Traders Launch Their Careers TrakInvest currently has 50 sponsored internships lined up to offer to the top student performers over the next few months. So far, 15 of TrakInvest’s top traders have landed internships in Hong Kong and Singapore at Thomson Reuters, Religare and TrakInvest’s office, and TrakInvest is finalizing details with banks in Singapore and Hong Kong. Interns are picked based on their portfolio performance, research and discussions on the site. A former JP Morgan Partners principal and managing director at AIG, Bhatia began thinking about creating a combination virtual trading community/talent discovery platform after returning to Asia and serving as a mentor to university students. Many had trouble finding the internships they needed to launch a financial career. “When I became independent and set up my own businesses, I started trading equities much more actively. I also saw a number of inefficiencies,” he says. “I built this for my own personal use
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TANsdTLzsjc/
TrakInvest Is A Fantasy Stock Trading Platform That Can Lead To Real Jobs
There are several virtual stock exchanges, including ones just for kids, butTrakInvest stands apart by giving its members a chance to turn fantasy trades into real jobs. 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 link), though it currently focuses on reaching aspiring traders in India, Singapore and other Asian countries. Headquartered in Singapore with offices in India, TrakInvest has received early investment from SparkLabs Korea, as well as leading family offices in India and the Middle East. Founder Bobby Bhatia say his site seeks to differentiate from other fantasy trading platforms with a “learn-share-earn” model. TrakInvest’s main goal is to serve as an education and talent identification tool where students can connect with experienced traders from institutions like JP Morgan. Two of the top traders on the platform represent the types of users Bhatia wants to sign up: Roshni Kanchan, a housewife in India with a 12% return and Alex Dicu, a Polish student studying for an MBA in Singapore. “As more people start using it, our belief is that what we will do is change how trading is done in the emerging markets,” says Bhatia. “In emerging markets there has been arbitrage opacity. We are moving to arbitraging intelligence.” Helping Aspiring Traders Launch Their Careers TrakInvest currently has 50 sponsored internships lined up to offer to the top student performers over the next few months. So far, 15 of TrakInvest’s top traders have landed internships in Hong Kong and Singapore at Thomson Reuters, Religare and TrakInvest’s office, and TrakInvest is finalizing details with banks in Singapore and Hong Kong. Interns are picked based on their portfolio performance, research and discussions on the site. A former JP Morgan Partners principal and managing director at AIG, Bhatia began thinking about creating a combination virtual trading community/talent discovery platform after returning to Asia and serving as a mentor to university students. Many had trouble finding the internships they needed to launch a financial career. “When I became independent and set up my own businesses, I started trading equities much more actively. I also saw a number of inefficiencies,” he says. “I built this for my own personal useOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/TANsdTLzsjc/
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