Each participant is granted the following during the course of the challenge (i.e. Trial and Actual Game):
Available Cash – S$100,000
Trading Limit – S$1,000,000
Individual performance is based on the Total Realised Profit, which is the total amount of actual profit that he/she has gained from trading and NOT the amount that he/she has as Available Cash. The objective is to accumulate as much Realised Profit as he/she can, and contribute to his/her overall Total Realised Profits.
The P&L ranking of the Top 20 winners and participants will be reflected on the Leaderboard in the ‘Announcement’ page under the ‘Attention’ tab in the game environment.
The Game will exclude all corporate actions such as dividends, bonus and rights issues, stock splits, consolidations, corporate takeovers and reconstructions etc. However, corporate actions will usually affect the prices of stocks.
Delisting of Counter
In the event that any company’s stocks, warrants, rights, REITS, ETFs etc. are delisted at any point in time during the Game, the holdings of these securities will accordingly hold no value.
Force-Selling of Shares
The Game will force-sell participants’ shares in their respective portfolios if they are not liquidated by 5pm on the last day of the Game. The shares that are force-sold will be valuated at the closing price, taking into account the transaction costs. Subsequently, gains/losses will be reflected under their Account Management including the Realised Profit. (Force-sold contracts contain the prefix “FS”)
No Short Selling of Shares
Shorting is a strategy to make the best in a declining market when the momentum of stocks or overall trend of the market is poor. In this Game, short-selling of shares is not allowed. Note: This feature is controlled by the system.
Payment for Shares Purchase
All participants are given a sum of virtual cash at the beginning of the competition which can be viewed under ‘Available Cash’ on the ‘Account Management’ page. Any purchase payment will be automatically deducted from their account once the trade is executed. Therefore, it is not necessary for them to initiate any payment.
Eg. When submitting a Buy order, this order will be checked against participants’ Available Cash to ensure sufficient funds in their account. Once this Buy Order is executed, the corresponding amount will be deducted immediately from their Available Cash. Their orders will be rejected if there are insufficient funds in their Available Cash.
Sales Proceeds of Shares
When the Sell order is submitted and executed, the sales proceeds will be credited into Available Cash immediately. From the ‘Account Management’ page, the participant will be shown the amount of Realised Profit or Loss, if any.