The 2013 search for a South African student with a sharp eye for value in stock trading and who can take on the best student traders in the world is on.
Sponsored by Nedbank Capital the search is organized under a competition for South African university students with an interest in the adrenalin-filled world of trading. Traders Trophy is also organized under the banners of the Johannesburg Stock Exchange and financial training and consulting company Oxyor. The competition was last year won by Melinda Jonker, a former University of the Free State student who is now employed by Nedbank Capital.
Nedbank Capital announced yesterday that the awareness building phase of the competition and regional university qualification rounds were set to run from 1 April to 30 June, culminating in the quest to find the country’s top student trader in August.
The competition assesses students on Profitability, Risk Management and Market Making, while trading a locally listed company on a trading simulation platform. In the simulation, they are required to take positions and quote prices to their clients while keeping up with the news and trends in the market. Students are also scored on numerical skills and financial awareness.
Nedbank Capital, Head of Trading, Jay Naidoo, said “Through our sponsorship of the Traders Trophy, Nedbank Capital has the opportunity to expose university students to and educate them around the possible career opportunities in this field, whilst simultaneously unlocking and identifying such talent.
As a group, Nedbank is highly committed to education and youth development in the economic environment”.
The competition kicks-off with an online qualification round where students vie for a space in their university’s final. During the qualification rounds, students will get instructions, perform a dry run of the system and then trade for 50 minutes. The top performers in the qualification rounds will be invited to participate in their university’s final. Each university final will deliver a “best trader”.
The top traders from each university qualify for the national finals held at the Johannesburg Stock Exchange, where the winner will receive the title best student trader of South Africa and will move on to compete globally in the Traders Trophy Worldwide with university students from around the world.
Jonker was quoted saying “My participation in the Traders Trophy event was a great experience which gave me excellent insight into the world of trading. I am now putting this into practice through my work at Nedbank Capital”.