Abu Dhabi Securities Exchange (ADX) has launched the virtual trading competition at the Higher Colleges of Technology (HCT). ADX Chief Executive, Rashed Al Blooshi and HCT Deputy Vice-Chancellor of Strategy & Communication and Director of HCT-Abu Dhabi Women’s, Dr. Adel Al Ameri attended the event.
The competition comes as part of ADX strategy to spread awareness among students about the trading mechanisms in the stock market through a virtual platform.
“The Virtual Stock Market Game enables students to make the vital connection between theory and practice in an innovative educational context that inspires their creativity in developing and applying investment strategies.” Said Al Blooshi
ADX Chief Executive added: “This cooperation is part of ADX commitment to support educational initiatives as directed in Abu Dhabi 2030 Vision, it is also to encourage and promote initiatives on the academic side of knowledge for students in all parts of the UAE through engaging them in scientific competitions with an innovative aspect that supports, and improves, their mental powers and enhances the level of their educational attainment.”
“The competition is part of the ongoing partnership between ADX and HCT that aims to enhance cooperation between both parties in institutional development, training and research as well as curriculum development and the advancement of investment awareness among the younger generation,” Al Blooshi added
Meanwhile Dr. Al Ameri commended the ADX efforts in spreading awareness about the market mechanisms, which at the end, empowers the academic skills of students. He also referred to the importance of continuing working with ADX in order to increase the students’ capacity in understanding the financial markets mechanisms.
During the event entitled “Learn the Art of Investment through the Virtual Trading Platform”, students were divided into groups to invest the amount of 100 thousands Dirhams in the market. The winner was awarded 15 thousands Dirhams; 10 thousands for the runners-up, and 5 thousands Dirhams for the third place.