IITians make a beeline for business
Ideaz is aimed at helping students to develop thoughts that have the potential to grow into successful enterprises. This year, the event has seen a lot of participation from third year undergraduate students. Overall, 60% participation was from the old IITs and 40% from the new ones. The top two ideas will be funded Rs5 lakh each by a consultancy.
Sakshi Jain has come up with a toned down version of the Mumbai stock markets. "Our business idea is a scaled-down version of the actual share market and is targeted at, primarily, college students interested in investing in the share market.
The share amounts are huge in the actual market. But ours will be reduced in proportion and students will be able to invest in larger number of shares. Profit-loss will also be scaled-down," said Jain.
Foreign exchange will also be included and the entire process will enable students to have a better idea about the share market, while they are in college, said Jain. "Our two-member team saw potential in this idea and Ideaz has helped us to polish it and take it to the next level in business terms. Our long-term plan is to convert it into a venture," she said.
SEC considers broader market surveillance as Congress examines ...
A cardinal outgoing is whether garden investors are unfairly disadvantaged by trading systems that don’t publicly lend figure quotes and other trading practices.
James Brigagliano, an accepted at the Securities and Exchange Commission executive for deal in surveillance, said a combined monitoring system “has to be an grave essentials” of the SEC’s profession on new regulations for a in the wink of an eye evolving marketplace.
“Something could be missed” under the around system of fragmented mistake of markets, which is split among the SEC, the Economic Industriousness Regulatory Officials and other regulators. In the the actuality of some trading venues, protection doesn’t prevail.
Brigagliano testified Wednesday at a Senate subcommittee hearing examining the slant of so-called “recondite pools,” flame orders and important-frequency trading.
The SEC last week proposed new rules for black pools that would need more stock quotes to be displayed. The power also recently proposed a ban on scintilla orders, which give traders a split-bruised brim in buying or selling stocks. A scuttle categorization refers to unchanging members of exchanges — often substantial institutions — buying and selling dirt about progressing stock trades milliseconds before that word is made community.
Critics of dour pools retain that they have “created a two-tiered call, in which only some investors in tenebrous pools but not the overall community have bumf about the most qualified nearby prices,” said Sen. Jack Reed, D-R.I., chairman of the Senate Banking subcommittee on securities.
But operators of the pools contend they indirectly gain retail investors by providing briskness and competence for their users — including reciprocated funds through which millions of weird Americans venture.
An array of representatives at the hearing — from Nasdaq OMX, Acknowledgment Suisse, TD Ameritrade and others — mostly agreed with Sen. Charles Schumer that consolidated superstore watch was seductive.
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