Investment Competition For Universities Offers Massive Prize And Careers For Students
Online, July 19, 2011 (Newswire.com) - The TradingPlaces Portfolio Competition - a free of charge, real-time stock market exchanging simulation available for all undergraduate students - is proud to celebrate their Tenth anniversary.
In its very first year this contest included 40 college students of the University of New South Wales. It has turned out increasingly popular and now includes over 8,000 students every year from thirty seven universities across the country. This makes the TradingPlaces Portfolio Competitions the largest of their type in the southern hemisphere.
"We come up with the competition because we wanted to allow students to learn about the myriad challenges facing an equities investor and for us to support a regular instructional venture within our field," said Daniel Droga, principal of DCM BlueLake.
"The yearly contest enables college students to buy and sell in real time, develop strategies, research companies and also learn the mechanics of the equities market," he said. These people can create stock watch lists to monitor how they are doing next to their fellow classmates. It's very competitive as well as practical, a fantastic educational resource."
Every TradingPlaces competitor receives a simulated stock investing account that has a virtual $200,000 account balance, as well as the option to leverage. They can buy and sell as often as they like from the ASX300, as long as they adhere to the competition regulation. For example, they are able to only invest as much as 25% of their portfolio value in any one corporation.
Market prices are updated continuously and students are also supplied with local and overseas market updates on a daily basis.
Matthew Bryan, the Competition Coordinator, says Trading Places has three important educational and vocational benefits.
"First, for a real-time share market contest, it is really positioned as an active, challenging, discovery-based learning experience well suited for supllmenting students' stock markets education and learning," she explained.
"Secondly, the reputation and scope of this competition as the largest available today in the Southern Hemisphere implies that getting involved is undoubtedly an invaluable supplement to a student's Resume.
Finally, the top rated 1 per cent of entrants get the opportunity to go for the award ceremony at the corporate sponsor's Sydney office, in which they are able to network with important contacts."
The champions share in more than $20,000 prize money, with first prize being $5,000 as well as a travel package deal to New York City supplied by Student Travel.
Recruiters are increasingly aware of student engagement in the TradingPlaces Portfolio Competition and also consider that as a leading-edge game that provides actual benefits to university students.
For more details please contact:
Matthew Bryan: mb@tradingplaces.com.au
Daniel Droga: dd@dcmbluelake.com.au