Investment Game 2010 Rules
- Investment Game 2010 starts on January 11th, 2010.
- Registration is free for all participants.
- The 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 stock markets.
- Orders are executed with a lag of approximately 15 minutes.
- One cannot buy stocks at more than 20% (or sell short 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.
- Commission for any transaction, either sell or buy, is 0.5% of the transaction amount.
- The winners of the game will share 2000 EUR in cash. The winners of the second round will also be awarded with books from investment classics.
-The best performers of every week will be awarded with books as well.
1.Basic Rules
1.1. Investment Game 2010 will be held in two sessions. The first session's trading starts on January 11th, 2010 and ends at 23:59 on February 5th, 2010. The second session starts February 5th, 2010 and ends at 23:59 on March 5th, 2010.
1.1. Investment Game 2010 will be held in two sessions. The first session's trading starts on January 11th, 2010 and ends at 23:59 on February 5th, 2010. The second session starts February 5th, 2010 and ends at 23:59 on March 5th, 2010.
1.2. After the first session finishes, the 500 players who have the highest return on their portfolios will advance to the second session and will be able to compete for the monetary and weekly prizes, while other players will be able to play and compete for weekly prizes only. The best 500 players will be selected from those who made at least 5 orders in the first session. In the second session, players will start again portfolios 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. Only the best performing portfolio will be awarded.
1.5. If the same person has several user accounts, only the best performing portfolio will be awarded.
1.6. The official time of the game is GMT +2.
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. Only the best performing portfolio will be awarded.
1.5. If the same person has several user accounts, only the best performing portfolio will be awarded.
1.6. The official time of the game is GMT +2.
2.Registration
2.1. Registration takes place at www.invest-game.com
2.2. Successful registration automatically implies that you have accepted the rules stated herewith.
2.3. After registration is complete you will receive a password which you should remember. Users have the possibility to change their password by entering old and new passwords into the field specified.
2.4. After registration, each user has the right to create and manage up to 3 portfolios.
2.5. The portfolio name cannot contain obscene words in any language. Such users will be deleted without any notice.
2.2. Successful registration automatically implies that you have accepted the rules stated herewith.
2.3. After registration is complete you will receive a password which you should remember. Users have the possibility to change their password by entering old and new passwords into the field specified.
2.4. After registration, each user has the right to create and manage up to 3 portfolios.
2.5. The 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. All the transactions are denominated in EUR.
3.3. Deals on stock exchanges which trade securities in other currencies will be automatically converted to EUR before the order execution. For your convenience, you are able to check the current price of a particular security in various currencies while browsing the list of securities. There are no transaction fees for currency exchange.
3.4. The Game covers the following six stock markets:
3.2. All the transactions are denominated in EUR.
3.3. Deals on stock exchanges which trade securities in other currencies will be automatically converted to EUR before the order execution. For your convenience, you are able to check the current price of a particular security in various currencies while browsing the list of securities. There are no transaction fees for currency exchange.
3.4. The Game covers the following six stock markets:
3.4.1. Riga Stock Exchange (most liquid stocks)
3.4.2. Vilnius Stock Exchange (most liquid stocks)
3.4.3. Tallinn Stock Exchange (most liquid stocks)
3.4.4. Russian Trading System (selected stocks from RTS Standard market)
3.4.5. OMX Nordic Exchange Stockholm (OMX Stockholm 30 index)
3.4.6. Helsinki Stock Exchange (OMX Helsinki 25 index)
3.4.2. Vilnius Stock Exchange (most liquid stocks)
3.4.3. Tallinn Stock Exchange (most liquid stocks)
3.4.4. Russian Trading System (selected stocks from RTS Standard market)
3.4.5. OMX Nordic Exchange Stockholm (OMX Stockholm 30 index)
3.4.6. Helsinki Stock Exchange (OMX Helsinki 25 index)
3.5. Portfolio value is calculated as a sum of cash and securities valued at an average of the highest bid and the lowest ask prices at the last available moment.
3.6. Ranking will be made according to the portfolio values and will be updated every 5 minutes.
3.6. Ranking will be made according to the portfolio values and will be updated every 5 minutes.
3.7. At the end of the first session portfolios will be zeroed.
3.8. Player can place a maximum of 100 orders per day. The number of orders is counted for all three portfolios.
3.9. All positions will be closed automatically at the end of each session.
4. Deals
4.1. Deals are order-driven. In order to make a transaction with a security you should place an order on the security. 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, short sell and buy to cover.
4.4. Restrictions on transactions:
4.4.1. One cannot buy stocks at more than 20% of portfolio value; this also implies that one cannot place an order which after execution will increase single stock value to more than 20% of portfolio value.
4.4.2. One cannot short sell single stock at more than 20% of portfolio value; this also implies that one cannot place an order which after execution will increase single stock value to more than 20% 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. One cannot use money earned from short selling to buy new securities until the position in short selling is closed.
4.4.4. You have to have enough cash to cover the buy-to-cover order to get the order executed.
4.4.5. Commission for any transaction, either sell or buy, is 0.5% of the transaction amount.
4.5. Shares are traded at the respective real-time best bid and best ask on the stock exchange.
4.6. Settlement takes place immediately after order execution.
4.7. An order is executed with a lag of approximately 15 minutes (Last updated order: 2010-03-10 23:35:01)
4.6. Settlement takes place immediately after order execution.
4.7. An order is executed with a lag of approximately 15 minutes (Last updated order: 2010-03-10 23:35:01)
4.8. Min and max price are optional. Min price sets a limit when you sell or short sell 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 mid-February, 2010. Final results for the second session will be announced in the mid-March, 2010.
5.2. The results will be based on the value of portfolios at the end of the session.
5.3. The three best performing players of the first round will be awarded with 300, 200 and 100 EUR for the first, second and third results respectively. The three best performing players of the second round will be awarded with 700, 400, 300 EUR for the first, second and third results respectively. The three best performing players in the second round will be awarded with books from investment classics.
5.4. The player who earned the best portfolio return over the week will be awarded with a book from our general sponsor NASDAQ OMX Riga. During both sessions there will be 8 such prizes altogether. One player cannot win weekly prize more than once. If this 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, 2010. Players who are not able to attend will receive prizes by post.
6. Additional information
6.1. The Game is an educational non-profit project.
6.2. The profile information can be used for research purposes, following confidentiality rules (meaning that personal information will not be publicly available).
6.3. The organizers are not liable for any advices given by market overviews or stock-pitching teams.
6.4. The organizers of the game retain the rights to change the rules of the Game at any time. Changes have to be agreed on by a majority vote at the Investment Fund board meeting. All changes in rules will be published in the news and rules sections.
6.5. If organizers observe any suspicious transactions, they take full legal entitlement to temporarily suspend the user for investigation purposes and in case of cheating the account will be deleted and the user will be banned from the game forever.
6.1. The Game is an educational non-profit project.
6.2. The profile information can be used for research purposes, following confidentiality rules (meaning that personal information will not be publicly available).
6.3. The organizers are not liable for any advices given by market overviews or stock-pitching teams.
6.4. The organizers of the game retain the rights to change the rules of the Game at any time. Changes have to be agreed on by a majority vote at the Investment Fund board meeting. All changes in rules will be published in the news and rules sections.
6.5. If organizers observe any suspicious transactions, they take full legal entitlement to temporarily suspend the user for investigation purposes and in case of cheating the account will be deleted and the user will be banned from the game forever.
