Institutional Trading Platform ITP

Markets regulator Sebi on Monday cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries. The advisory statement came after the Securities and Exchange Board of India (Sebi) noticed that some apps /web applications / platforms are offering virtual trading services or paper trading or fantasy games to the public based on stock price data of listed companies. Such activities are in violation of Securities Contract (Regulation) Act, 1956 and Sebi Act, 1992 which are laws designed to protect investors, the regulator said. In a statement, Sebi reiterated that the public can invest and undertake trading activities in the securities markets only through/with registered intermediaries. "Participation in unauthorized schemes, including sharing of confidential and personal trading data, is at the investors' own risk, cost and consequences, as such schemes / platforms are not registere

US-based trade finance platform Drip Capital, which has 90 per cent employees in India, secured USD 113 million, about Rs 949 crore, through a mix of debt and equity issue, the company said on Thursday. The funding includes USD 23 million equity investment from Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), while it has raised USD 90 million in debt financing led by the International Finance Corporation (IFC) and East West Bank. "We have raised USD 113 million which is a mix of debt and equity investment. Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC) have invested USD 23 million in equity while USD 90 million in debt financing has been led by the International Finance Corporation (IFC) and East West Bank," Drip Capital Co-Founder and CEO Pushkar Mukewar said. He said that the company funds trade worth USD 1.8-2 billion annually and 50-60 per cent of its business originates fro

The platform is essentially aimed at facilitating new-age companies operating in sectors like e-commerce and data analytics