Abu Dhabi University students team up with Saxo Bank in a trading competition worth US$10,000
US $10,000 (AED 36,730) is the main prize on offer to students in an online trading competition.
The contest is hosted by Abu Dhabi University’s College of Business Administration (Coba) and the Danish online and investment bank, Saxo, and runs until 24th March.
Over 50 post-graduates from business schools throughout the gulf will prove their skills trading virtual money in stocks, commodities, foreign exchange and other investment products available on the Saxo online trading platform.
The head of Saxo Bank’s Abu Dhabi office, Fadi Mehdi, is enthusiastic about the competition. He says, “In this volatile market the competitors will become aware of the risks and rewards of trading.”
Each competitor will be given US$100,000 (AED 367,300) virtual money to invest. Judging will be based on who has the most money in the end, investment strategies and diversification of portfolio.
First prize is US$10,000 – in real money, not the virtual kind – while the runner up will win a trip to Saxo Bank in Copenhagen, Denmark. iPhones and iPads round out the prize list and will be presented to students at a ceremony on 28th March.
For more information contact: 02 501 5210 [email protected] www.adu.ac.ae
Heather Long Vandevoorde
