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OTA and Sharekhan partner for an education venture

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A leading retail broking company, Sharekhan Ltd has tied up with the California-based financial education provider Online Trading Academy (OTA), to offer programmes in stock market education in the country. The course will be designed according to OTA's hands-on coaching style to provide live trading experience to students. All trading costs and losses, if any, incurred by the students, will be borne by OTA. The seven-day introductory course called Professional Trader India Course has been specifically designed to suit Indian trading conditions.

Sharekhan, on its part, will offer brokerage discounts to students till their entire tuition fee is virtually reimbursed. It will also offer access to its recently launched Trade Tiger platform, a single online platform for multiple exchanges as well as mutual funds and initial public offerings (IPOs). Though premier stock exchanges are already offering courses in investor education in partnership with some of the leading educational institutions in India, private brokers are now exploiting this opportunity to enhance the skills of budding traders. Sharekhan is looking at the proposition as a good investment, as it will support addition of clientele for the firm. However, it is not seeking any revenue from the venture in the first couple of years.

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