As per a blog written by Zerodha founder Nithin Kamath, the company has stopped proprietary from September 2019. ... This was done by the company to allay concerns of customers of the company using their money for prop trading.

Does Upstox do proprietary trading?

Upstox doesn't do proprietary trading. Upstox was founded as a proprietary trading company and later entered into retail brokerage space in 2009. Upstox stopped its proprietary trading business in 2017.

Who carries proprietary trading?

Proprietary trading, which is also known as "prop trading," occurs when a trading desk at a financial institution, brokerage firm, investment bank, hedge fund or other liquidity source uses the firm's capital and balance sheet to conduct self-promoting financial transactions.