Investment Game 2008 Rules
Edited 24.01.2008
Rules in brief
- Investment Game 2008 starts on October 29th, 2007.- Registration is free for all participants.- Portfolio name cannot contain offensive words in any language. Such users will be deleted without any notice.- Each registered user can manage three virtual 100 000 EUR portfolios and trade in 6 markets.- Orders are executed with a lag of approximately 5 minutes.- One cannot buy stocks on more than 20% (or sell short more than 10%) of portfolio value; this also implies that one cannot make an order, which after execution will increase single stock value to more than 20% (or 10%) of portfolio value.- Commission for any transaction, either sell or buy, is 0.5% of a transaction amount.- Winners of the game will divide 2500 EUR in cash altogether.- There are golden prizes for the best performers every week.
1. Basic Rules
1.1. Investment Game 2008 will be held in two sessions. The first session's trading starts on October 29th, 2007 and ends December 21st, 2007. The second session starts January 14th, 2008 and ends February 8th, 2008.
1.1. Investment Game 2008 will be held in two sessions. The first session's trading starts on October 29th, 2007 and ends December 21st, 2007. The second session starts January 14th, 2008 and ends February 8th, 2008.
1.2. After the first session finishes, 500 players who have the highest return on their portfolio will advance to the second session. The best 500 players will be selected from those who had made at least 5 orders in the first session. In the second session, players will start with one new portfolio worth 100 000 EUR.
1.3. The participant of the Game can be anyone who has successfully registered. However, prizes can be given only to those who have fully and correctly disclosed their personal information during registration.
1.4. Each registered user can manage up to three portfolios. If the same person has several user accounts, then only the best performing portfolio will be awarded.
2. Registration
2.1. Registration takes place at www.invest-game.com
2.2. Successful registration automatically implies that you are accepting rules stated herewith.
2.3. After registration is complete you will receive a password which you should remember. Users have possibility to change their password, by entering old and new passwords into field specified.
2.2. Successful registration automatically implies that you are accepting rules stated herewith.
2.3. After registration is complete you will receive a password which you should remember. Users have possibility to change their password, by entering old and new passwords into field specified.
2.4. After registration, each user has right to create and manage 3 portfolios.
2.5. Portfolio name cannot contain obscene words in any language. Such users will be deleted without any notice.
3. Process of the Game
3.1. Each portfolio initially holds virtual 100 000 EUR.
3.2. Trading takes place in EUR.
3.3. Deals on Stock Exchanges, which trade stocks in other currencies should be made in that specific currencies. For your convenience, the values will be automatically converted to EUR afterwards. There are no transaction fees for currency exchange.
3.4. The Game covers the following six markets:
3.4.1. Riga Stock Exchange (all stocks)
3.4.2. Vilnius Stock Exchange (all stocks)
3.4.3. Tallinn Stock Exchange (all stocks)
3.4.4. Russian Trading System (selected stocks from 1st list)
3.4.5. OMX Nordic Exchange Stockholm (A-list)
3.4.6. Helsinki Stock Exchange (Main list)
3.5. Portfolio value is calculated as a sum of cash and stocks valued at an average of best bid and ask prices at the last available moment.
3.6. Ranking will be made according to the portfolio values, and will be updated each 5 minutes.
3.1. Each portfolio initially holds virtual 100 000 EUR.
3.2. Trading takes place in EUR.
3.3. Deals on Stock Exchanges, which trade stocks in other currencies should be made in that specific currencies. For your convenience, the values will be automatically converted to EUR afterwards. There are no transaction fees for currency exchange.
3.4. The Game covers the following six markets:
3.4.1. Riga Stock Exchange (all stocks)
3.4.2. Vilnius Stock Exchange (all stocks)
3.4.3. Tallinn Stock Exchange (all stocks)
3.4.4. Russian Trading System (selected stocks from 1st list)
3.4.5. OMX Nordic Exchange Stockholm (A-list)
3.4.6. Helsinki Stock Exchange (Main list)
3.5. Portfolio value is calculated as a sum of cash and stocks valued at an average of best bid and ask prices at the last available moment.
3.6. Ranking will be made according to the portfolio values, and will be updated each 5 minutes.
3.7. At the end of the first session portfolios will be zeroed.
3.8. Player can make maximum 100 orders per day. Number of orders is counted for all three portfolios.
3.9. All positions will be closed automatically in the end of each session.
4. Deals
4.1. Deals are order driven. In order to make transaction with stock you should make an order on the stock. Orders can be placed at any time.
4.2 Orders are executed only when stock turnover is more than 100 EUR and only when the Stock Exchange is open for trading.
4.3. There are four options for a deal: buy, sell, sell short and buy to cover.
4.4. Restrictions on transactions:
4.4.1. One cannot buy stocks on more than 20% of portfolio value; this also implies that one cannot make an order, which after execution will increase single stock value to more than 20% of portfolio value.
4.1. Deals are order driven. In order to make transaction with stock you should make an order on the stock. Orders can be placed at any time.
4.2 Orders are executed only when stock turnover is more than 100 EUR and only when the Stock Exchange is open for trading.
4.3. There are four options for a deal: buy, sell, sell short and buy to cover.
4.4. Restrictions on transactions:
4.4.1. One cannot buy stocks on more than 20% of portfolio value; this also implies that one cannot make an order, which after execution will increase single stock value to more than 20% of portfolio value.
4.4.2. One cannot short sell stocks on more than 10% of portfolio value; this also implies that one cannot make an order, which after execution will increase single stock value to more than 10% of portfolio value.
4.4.3. There is a maximum 30% (30 000EUR) limit on short selling. A player cannot short sell more than 30% (30 000EUR) of portfolio initial value.
4.4.4. To do buy to cover with negative cash is not allowed.
4.4.5. Commission for any transaction, either sell or buy, is 0.5% of a transaction amount.
4.5. Shares are traded at the respective to the real-time best bid and best ask on the stock exchange.
4.6. Settlement takes place immediately after order execution.
4.7. Order is executed with a lag of approximately 5 minutes (Last updated order: 2008-02-09 17:40:08)
4.8. Min and Max price are optional. They cannot be used simultaneously. Min price sets a limit when you sell or sell short shares. Max price sets a limit when you use buy or buy to cover operation.
5. Results and prizes
5.1. Final results for the first session will be announced in the second week of January, 2008. Final results for the second session will be announced in the beginning of March, 2008.
5.2. Results will be based on the value of portfolios at the end of the session.
5.3. The best three performing players of the first round will be awarded with 500, 300 and 200 EUR for the first, second and third results respectively. The best three performing players of the second round will be awarded with 1000, 300, 200 EUR for the first, second and third results respectively.
5.1. Final results for the first session will be announced in the second week of January, 2008. Final results for the second session will be announced in the beginning of March, 2008.
5.2. Results will be based on the value of portfolios at the end of the session.
5.3. The best three performing players of the first round will be awarded with 500, 300 and 200 EUR for the first, second and third results respectively. The best three performing players of the second round will be awarded with 1000, 300, 200 EUR for the first, second and third results respectively.
5.4. The player who earned the best portfolio return over the week will be awarded with a pure gold coin from our sponsor Tavex. During both sessions there will be 12 such prizes altogether. One player cannot win weekly prize for more than one time. If it happens, the prize goes to the second best performing player.
5.5. Weekly prizes will be distributed to all winners during the closing ceremony in March, 2008. Those players who will not be able to participate will receive prizes by post.
6. Additional information
6.1. The Game is an educational non-profit project.
6.2. The organizers of the game retain rights to change the rules of the Game at any time. Changes have to be agreed by the majority voting in the Investment Fund board meeting.
6.3. If any person is detected to be cheating, he/she can be disqualified from the Game. The track record of the winners will be examined in order to reveal such cases, if any.
6.1. The Game is an educational non-profit project.
6.2. The organizers of the game retain rights to change the rules of the Game at any time. Changes have to be agreed by the majority voting in the Investment Fund board meeting.
6.3. If any person is detected to be cheating, he/she can be disqualified from the Game. The track record of the winners will be examined in order to reveal such cases, if any.
