Saxo Bank, a fully licensed and regulated Danish bank specialising in online trading and investments, has launched its first ever stock market competition.

‘The Abu Dhabi University Postgraduate Investment Competition 2015’ in association with The College of Business Administration, Abu Dhabi University (ADU) will involve postgraduate students from more than 40 universities in the UAE and a further 20 from across the GCC to take part in the virtual trading competition.

Following their active participation in online trading the students will present their investment strategies to a panel of expert judges at an award ceremony to be held at the ADU campus on March 28.

The students’ investment strategies will involve trading on Saxo Bank’s award-winning portal using $100,000 in virtual money.

An online contest that will allow students to test their knowledge and skills against other students from different universities, the goal is to evaluate each student’s performance on the basis of their investment strategies as well as their overall virtual returns.

Saxo Bank will also allow access to an online orientation to all students who wish to participate and has called in entries to be submitted until February 18.

To ensure informed participation, all entrants will need to register and familiarise themselves with the use of the trading system by Saxo Bank.

The participants will be able to officially start their real-time virtual trading from February 19 to March 21.

Fadi Mehdi, office manager of Saxo Bank Abu Dhabi, said: “Our powerful suite of products has been enabling numerous banks, brokerages and private clients to trade online since 1992. We are delighted to be partnering with Abu Dhabi University to provide this invaluable opportunity for UAE and GCC students to hone their investment strategies."

Basant Mohammed, competition manager explained that it represents an opportunity that will enable investment savvy postgraduate students from universities all around the GCC to make the vital connection between theory and practice.

“One of the great aspects of Abu Dhabi University’s partnership with Saxo Bank is that it allows students who wouldn’t normally have access to it, to trade on a platform that is quite unique,” she added. - TradeArabia News Service