January 16, 2014: In an effort to create a more investor literate citizenry and encourage further development of the local securities market, the Trinidad and Tobago Securities and Exchange Commission (TTSEC) in partnership with the Trinidad and Tobago Stock Exchange Limited, has launched an online game titled its Top Trader Investment Game for citizens over the age of 18. This Game, which must be played using Facebook, is designed as an interactive tool to help participants understand the basics of investing in the stock market and securities products. This competition encourages participants to build and manage an investment portfolio by evaluating stocks, managing risks and practising other investment fundamentals.
To begin competing, players will be given a notional sum of TT$15,500.00 to invest in the Trinidad and Tobago Stock Market and subsequently begin their portfolios. Portfolios will show increases or decreases over the course of the game, reflecting actual changes in the Trinidad and Tobago Stock Exchange Limited (TTSE). Players are allowed to keep some cash on hand, but to begin playing, they must spend a total of at least $14,000 of their $15,500 starting sum. The 3 players with the highest portfolio values at the end of the period will be judged the winners; whereas inactive or dormant portfolios will be disqualified.
The prizes, which have been sponsored by the Trinidad and Tobago Stock Exchange Limited, have no cash equivalent but will entitle winners to purchase stock on the Exchange. The First Prize is $7,500.00 with the Second and Third Prizes being $5,000.00 and $3,500.00 respectively.
This competition officially runs from January 02 to March 7, 2014 and is the third competition that the TTSEC is conducting with the nation’s youth. In July 2012, the Commission conducted an Essay Competition for children between the ages of 13 to 17 years and an Investor Education Competition for young people between the ages of 18 to 25 years in March 2013. The Commission will continue to employ novel and dynamic ways to create a more investor literate citizenry who can actively participate in the securities market and ultimately contribute to the development of the economy.
Division of Corporate Communication, Education and Information
For further information: 868 624 2991 ext. 1275 Email: firstname.lastname@example.org