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Code: 50283 Visited: 127 Publish Date: Jul 08 2018 - 12:25
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Capital Market
League of Stock Market Stars Gets Going
Tehran, June. 08 (SENA) - The second edition of so-called League of Stock Market Stars, held by Securities and Exchange Organization of Iran, started on 7 July, with Deputy of Supervision of Financial Institutions Saeed Fallahpour, and Deputy for Executive Affairs Mostafa Razavi in attendance.

Tehran, June. 08 (SENA) - The second edition of so-called League of Stock Market Stars, held by Securities and Exchange Organization of Iran, started on 7 July, with Deputy of Supervision of Financial Institutions Saeed Fallahpour, and Deputy for Executive Affairs Mostafa Razavi in attendance.

The event has been organized with the aim of elevating financial literacy, grooming finance elites, promoting entrepreneurship as well as connecting domestic universities to the stock markets.

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,” said Fallahpour .Financialtribune reported.

According to the officials, 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, this year's competition is hosting 30 universities from all over Iran. Each team comprised of five members, under a single university flag, is led by a leader who must be a financial expert with capital market background or finance-related PhD student.

The participants can keep any gained profit, and the losses will be covered by the sponsors. However, a team will be removed from the tournament if their portfolio loses 25% of their initial credit. The first three teams will be awarded 250, 150 and 100 million rials respectively. Bank Ayandeh Brokerage Firm and Novin Investment bank sponsored the event and allocated the initial credit to each team.

There are adjustments to spice up the competition, e.g. almost all trading instruments are permissible, even trading on companies registered in Iran Fara Bourse'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 trades are real time, so traders are obliged to comply with all rules and regulations. Moreover, a referee committee comprised of representatives from IFB, Tehran Stock Exchange, SEO, and the sponsors, headed by the Surveillance Department of the SEO, will monitor and scrutinize trading strategies. The teams are not simply allowed to employ speculative strategies.

The details and a complete set of rules for the event can be found on its designated website at starleague.ir.

 
By: Security and Exchange News Agency (SENA)
 
 
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