Saxo Bank and Abu Dhabi University expand scope of competition for graduate traders to reflect volatile world markets
Fadi Mehdi, office manager of Saxo Abu Dhabi said:
“The world economy is currently going through an intriguing period of adjustments. The increased volatility in the markets reiterate the need for a more careful approach and thus investors need to be equipped with better educational tools to give them the support they need to make more informed decisions. In this situation we felt multi-asset trading would enable the participants to utilize a greater variety of strategies to demonstrate their trading skills in such a volatile marketplace.”
The educational initiative by Saxo Bank and ADU invites postgraduate students from universities across the GCC to trade US$100,000 in virtual money to see who can make the highest returns while best fulfilling the criteria stated in the trading guidelines, from which they will be judged on.
"The majority of entrants are business, banking and economic graduates and the competition will certainly test their understanding of market behaviours in response to economic and geopolitical conditions," said Basant Mohammed, Competition Manager of ADU.
"We are very pleased with the number of entries we have received for the competition."
Following their active participation in the competition the postgraduates will present their investment strategies to a panel of expert judges at an award ceremony to be held at the ADU campus on 28 March 2015.
"Whenever there are big movements in markets there are opportunities for making, or loosing, a lot of money," added Basant Mohammed "This is going to be a thrilling competition to find the Warren Buffett of the Middle East."
Entrance to the competition is free for eligible postgraduates who can register online at: http://www.adu.ac.ae/saxo.
The prizes being sponsored by Saxo Bank include USD10,000 for the first place, a two-nights’ trip to Saxo Bank’s head office in Copenhagen for second, and an iPhone 6 for third place. Two additional iPads will be awarded to two other participants who demonstrate particularly noteworthy investment strategies with further prizes to all participants.
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit www.home.saxo.