The Tenth Anniversary of the TradingPlaces Competition
The TradingPlaces Portfolio Competition - a cost-free, real-time stock market investing simulation open to all undergraduate university students - is very pleased to celebrate their Tenth anniversary.
- (1888PressRelease) July 19, 2011 - In its initial year the contest included forty students from the University of New South Wales. It has proved very popular and currently involves over 8,000 students each year from thirty seven universities across the country. This makes the TradingPlaces Portfolio Competitions the largest of its kind inside the southern hemisphere.
"We developed the competition because we wanted to enable students to learn about the myriad troubles facing an equities broker and for us to assist an ongoing educational project within our field," explained Daniel Droga, principal of DCM BlueLake.
"The yearly competition makes it possible for college students to trade in real time, develop strategies, research corporations and understand the mechanics associated with the equities market," he said. They could create stock watch lists and keep an eye on how they are doing against their fellow classmates. It's very competitive and practical, a fantastic educative tool."
Each TradingPlaces competitor gets a simulated stock options trading account that has a virtual $200,000 balance, and the option to leverage. They are able to purchase and sell as frequently as they like from the ASX300, providing they stick to the competition regulation. For example, they are able to only invest as much as 25% of their own stock portfolio worth in any one corporation.
Market prices are updated continually and students will also be supplied with regional and international stock market updates on a daily basis.
Matthew Bryan, the Competition Coordinator, said Trading Places provides three crucial educational and vocational benefits.
"First, as a real-time stock market competition, it is strongly positioned as an active, challenging, discovery-based learning experience perfect for complementing students' stock markets education and learning," she said.
"Secondly, the prestige as well as scope of this particular competition as the most significant of its kind in the Southern Hemisphere implies that becoming involved is undoubtedly an invaluable supplement to a student's Curriculum vitae.
Finally, the top rated 1 per cent of entrants are given the chance to participate in the award ceremony at the corporate sponsor's Sydney office, where they are able to network with key contacts."
The champions share in over $20,000 winning prize money, with first prize being $5,000 including a travel package to New York City given by Student Travel.
Recruiters are progressively aware of student participation in the TradingPlaces Portfolio Competition and recognise that as a cutting-edge contest that provides real benefits to young people.
For more information please contact:
Matthew Bryan - mb ( @ ) tradingplaces dot com dot au
Daniel Droga - dd ( @ ) dcmbluelake dot com.au
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