03 February 2015
Launch a GCC-wide Stock Market Competition for postgraduate business students

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: 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.

-Ends-

About Saxo Bank
Saxo Bank is a leading online trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on our award-winning SaxoTrader platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 25 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.

About Abu Dhabi University (ADU)
Since its inception in 2000, under the patronage of HH Sheikh Hamdan Bin Zayed Al Nahyan, the Ruler's Representative in the Western Region and President of Abu Dhabi University's Board of Regents, Abu Dhabi University has become one of the region's leading centers of academic excellence. Its vibrant and cosmopolitan student population represents more than 63 nationalities. Through its globally competitive curriculum, ADU formulates highly unique degree programs that maximize graduates' chances of employment. It strives to become one of the world's elite institutions of world-class education and applied research. In addition to a dynamic range of extracurricular activities, ADU also instills a strong spirit of social responsibility in its students so that graduates can help to transform not only their industries; but also their communities and above all, their world.

Abu Dhabi University is licensed by the Ministry of Higher Education & Scientific Research, with all its undergraduate and postgraduate programs accredited. ADU was also the first university to receive the Sheikh Khalifa Excellence Award in 2010. Dedicated to achieving excellence on all academic and organizational levels, today ADU is one of only six universities in the UAE to enter the ranks of the world's top 700 universities in Quacquarelli Symonds (QS) world university rankings of 2014 - 2015.

Additionally, for its support and patronage of entrepreneurship, Abu Dhabi University was also awarded the "Best Supporting University for Entrepreneurship" in the UAE and the Arab World during the Mohammed Bin Rashid Award for Young Business Leaders in its 8th cycle. The College of Engineering also received international accreditation from the world-renowned Engineering Accreditation Commission (EAC) of ABET for three of its engineering programs.

For media/press inquiries, please contact:
Aser Ismail, PR Manager, Matrix PR
+971 4 343 0888
aser@matrixdubai.com 

© Press Release 2015