IIT : Indian Institute of Technology

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Cricket Stock Exchange by IIM and IIT Students

You have traded in stocks on the BSE, now place bets on your favourite cricket stars. A bunch of students from IIM-Ahmedabad and IIT Rourkee have launched Cricket Stock Exchange, a gaming website, just ahead of the World Cup.

The site, www.cricstock. com, is in the form of a virtual stock exchange, where one can trade shares of Indian and international cricketers. The stock prices of cricketers will reflect their recent performance and what fans feel about them. “A lot of people are crazy about the game, including students on campus. We decided to capture the moods and sentiments of cricket fans and translate them into numbers which will be reflected in the game in the form of stock prices,” said Rahul Roushan, a final year student of a postgraduate programme at IIM-A, and one of the developers of the website.

The site, in just three days, clocked 500 registered users, from different cities of India and even countries like Pakistan, England, Australia, the US. The website has issued an initial public offering (IPO) of all the international cricketers of Test-playing countries. A person gets one million in virtual cash as soon as he registers with the website and he can use that money to buy shares of any number of these cricketers. He has to bid within a specified price range for buying the shares of different cricketers.

More : financialexpress.com

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