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.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo