Religare partners with TrakInvest to launch virtual stock trading in India
TrakInvest provides a social and interactive virtual world where stock market enthusiasts can enhance their investment skills, and then use them in real-world trading.
- (1888PressRelease) October 29, 2014 - NEW DELHI / MUMBAI - Religare Securities Limited (RSL), the award winning and market leading retail broking arm of Religare Enterprises Limited (REL), a diversified financial services group, has partnered with Singapore-based financial technology firm TrakInvest to launch a cutting-edge virtual stock trading platform to its users. The new social stock market playground, www.trakinvest.com, now allows investors in India to trade risk-free using virtual money, helping them improve their skills and knowledge while earning prizes and even jobs. With this confidence, they can then trade with real money via RSL's online trading platform www.religareonline.com
"TrakInvest is more than game. It's a holistic trading platform," said Bobby Bhatia, Founder & CEO of TrakInvest. "With TrakInvest, users can learn from other traders and even copy their trading activity, download 12,000 free Thomson Reuters research reports that are updated every week, and take part in competitions where they can win great prizes including finance jobs and internships. We're making it possible for anyone to become a successful and a more informed investor."
Each new TrakInvest user starts with Rs 50 lakh of virtual cash to build their winning portfolio. Users are also provided with contextualized stock news and twitter feeds, as well as detailed research reports and stock analytics tools. Users have the unique ability to follow or "trak" others, and are "traked". A complex algorithm generates "trak" suggestions of individuals who are leading performers, based on each user's queried stocks, their sectors, and markets.
In order to build enthusiasm and excitement, Religare and TrakInvest launched a new contest called "Trade. Share. Win!" on October 7th. The contest is free to enter and open until December 31st for all individuals residing in India. The top performers will win prizes such as iPads, Motorola Moto G smartphones, and FlipKart vouchers. Furthermore, 5 internship positions with Religare Securities and 2 with TrakInvest will also be awarded, based on performance.
"Through this partnership, technology, expertise and insights will come together to give people - experienced and new to the markets - a virtual avenue to explore and hone their trading skills, which in turn will help them make informed and more thought-through decisions when they trade in the real markets," says Basab Mitra, CEO, Religare Securities Limited. Anyone can sign up now for a free account at www.trakinvest.com.
About Religare Securities: (for more info, kindly contact www.religareonline.com)
Religare Securities Ltd. (RSL), a wholly owned subsidiary of Religare Enterprises Limited (REL), is one of the leading securities firms in India, serving over a million clients across both Offline and Online platforms. Through its extensive footprint in more than 500 cities, the company offers broking services in Equity, Currency and Commodity (through its subsidiary Religare Commodities Limited) as well as depository participant services. RSL is a member of the NSE, BSE, MCXSX, USE and a depository participant with NSDL and CDSL. RSL also offers TIN facilitation & PAN facility at select branches - a unique service to help an individual with PAN, TAN and TDS/TCS returns related requirements. In addition, RSL is an AMFI-registered mutual fund distributor.
About Religare Enterprises Limited
Religare Enterprises Limited (REL) is one of India's leading diversified financial services groups. REL offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management. Religare Enterprises is headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.
Religare is also building an Asia & emerging markets focused Institutional equities & Investment Banking business and a multi-boutique global asset management platform to tap the broader opportunities offered by the most promising emerging markets around the world. For more information, visit www.religare.com
For further information, please contact:
Subhrangshu Neogi
Director - Marketing & Brand
Religare Enterprises Ltd
roshni ( @ ) fortunapr dot in
M: +91 9769383310
Kushal Khosla
Fortuna PR
kushal ( @ ) fortunapr dot in
M: +91 9891865029 Rakesh Sharma
Fortuna PR
rakesh ( @ ) fortunapr dot in
M: +91 9833537679 Roshni Rohira
Fortuna PR
roshni ( @ ) fortunapr dot in
M: +91 9769383310
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