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Code: 49641 Visited: 154 Publish Date: Jun 10 2018 - 11:26
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Capital Market
Stars League, Invaluable Event for Capital Market
Tehran, June. 10 (SENA) - Securities Information Dissemination Company, a subsidiary of Securities and Exchange Organization, announced the second round of Starsleague event to be held this summer.

Tehran, June. 10 (SENA) - Securities Information Dissemination Company, a subsidiary of Securities and Exchange Organization, announced the second round of Starsleague event to be held this summer.

In a press conference at SEO, Saed Falahpour, Deputy for Supervision on Financial Institutions, who is a member of Starsleague’s policymaking committee, called the event a rare opportunity for finance and accounting students to put their academic knowledge into practice.

Finance students are supposed to become familiar with and active in the capital market in their early years and this event may act as a platform for them to be practically trained. Talent discovery, elevating financial literacy and promoting entrepreneurship are top objectives of the event. According to the deputy, 15 of the participants were recruited last year by different financial institutions immediately after the event.

Unlike last year that only hosted universities from Tehran Province, the event is aimed to encompass up to 30 universities from all over Iran. As of today, 28 universities have shown interest. Interested parties have until July 10 to confirm their presence.

There are adjustments to spice up the competition, e.g. almost all trading instruments are permissible, even trading on companies registered in IFB’s base market as well as derivatives. The event’s duration is also doubled to two months and each team is given five million rials worth of credit to trade with; five times more than last year.

The participants can keep any gained profit, and the losses will be covered by the SEO. However, a team will be removed from the tournament if their portfolio loses 25% of their initial credit. A brokerage house or an investment bank will be designated to allocate the initial credit to each team.

Falahpour emphasized that the trades are real, so traders are obliged to comply with all rules and regulations. Moreover, a referee committee comprised of representatives from Iran Fara Bourse, Tehran Stock Exchange, SEO, and the corresponding brokerage house, headed by Surveillance Department of the SEO, will monitor and scrutinize trading strategies.

The first three teams will be awarded 250, 150 and 100 million rials respectively. The competition kicks off early July.

 

 
By: Security and Exchange News Agency (SENA)
 
 
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