JSE Announces Winners of the Online Virtual Trading Game
October 01, 2013
JOHANNESURG, 01 October 2013. The Johannesburg Stock
Exchange (JSE) announces today the winners of the online Virtual Trading Game.
This is a simulated trading platform based on real instruments traded on the
exchange’s Equities Market.
The Virtual Trading Game allows instruments
to be traded based on the End of Day prices. Participants can test their
investment strategies and learn how to keep track of a share portfolio. The JSE
launched this online trading competition as a means to mirror the trading
environment which enabled participants to trade in a risk-free environment using
virtual funding. The game ran for three months from June until August 2013.
The winner of the game is Deon van der Merwe who grew his portfolio by 18 %
(R180 000) from the virtual R1-million. He wins R30 000. “It has been an amazing
experience. The competition is very realistic. It is a fantastic platform for
people to learn more about investing,” he says.
Second place in the game is Ettiene Stander who grew his portfolio by 17%
(R170 000) from the virtual amount. Winnings for the second place include R20
000. Ettiene says the Game is the perfect platform to learn more about investing
and gain some practical experience.
Marlin Govender took third place after
growing his portfolio by 13% (R130 000). He wins R10 000.
“Through the Virtual Trading Game the JSE hopes to assist individuals
interested in trading to gain confidence and realise that investing on the
exchange is not as intimidating and complex as is generally perceived,” says
Takalani Nyelisani, Manager: Retail Development at the JSE.
The JSE recognizes the role it has to play in financial literacy as well as
growing retail investment on the JSE. The exchange runs various creativities to
increase South Africans’ knowledge of the stock market, such as Power Hour,
investment education clubs, MyJSE investment day and free public seminars.
FOR MORE INFORMATION PLEASE CONTACT:
H+K Strategies South Africa
Tel: +27 11 463 2198
Cell: +27 72 921
ON BEHALF OF
Issuer & Investor Relations Division
About JSE Limited
As South Africa’s only full service
securities exchange, the JSE connects buyers and sellers in four different
financial markets, namely equities, equity derivatives, commodity derivatives,
currency derivatives and interest rate products. The JSE Ltd offers the investor
a truly first world trading environment, with world class technology,
surveillance and settlement in an emerging market context. It is amongst the top
20 largest equities exchanges in terms of market capitalisation in the world. In
terms of derivatives, the JSE is currently ranked the 20th largest exchange by
the Futures Industry Association (FIA).
For further information, please