Saxo Bank and Abu Dhabi University to invest in traders of tomorrow

Saxo Bank, a fully licensed and regulated Danish bank specialising in online trading and investments, has announced the launch of its first ever Stock Market Competition called, ‘The Abu Dhabi University Postgraduate Investment Competition 2015’ in association with The College of Business Administration, Abu Dhabi University (ADU).

The initiative by Saxo Bank and ADU will involve postgraduate students from over 40 universities in the UAE and a further 20, and possibly more, from across the GCC to participate 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 28 March 2015.

The students’ investment strategies will involve trading on Saxo Bank’s award-winning portal using USD100,000 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 from February 8th to 18th, 2015.

To ensure informed participation, all entrants will need to register and familiarize 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 19th to March 21st, 2015.

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."

Commenting on the significance of the “Abu Dhabi University Postgraduate Investment Competition 2015”, 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.

Entrance to the competition is free for eligible students 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.