Singapore Trading Festival Event 2021 FAQ
- What is Singapore Trading Festival?
SGX is launching its inaugural Singapore Trading Festival in partnership with InvestingNote. This event consists of a full-day virtual traders’ summit, followed by a week of simulated trading competition that is based on real time market data.
This is the first trading competition that features all of SGX’s securities products, ranging from Daily Leverage Certificates (DLCs), Structured Warrants, Stocks, ETFs, REITs etc. Learn more about markets and pit your new skills and knowledge against other fellow traders!
- Who is the event for?
This event is open to traders of all levels and backgrounds. With more than 600 stocks listed on the exchange, ETFs with over S$8 billion in Asset Under Management (AUM) and over 300 structured products offering leveraged exposure, join us today to gain exposure and a first-hand experience of trading on the Singapore securities market.
- How can I participate in this event?
Head over to our website to register for both the Traders’ Summit and Trading Competition –https://sgtradingfestival.sgx.investingnote.com/. Upon registration, participation will receive a confirmation via an email notification.
- Do I need to sign up for the traders’ submit before I can participate in the competition?
Participants are not required to sign up for the traders’ summit before participating in the trading competition. However, we highly encourage you to participate in the summit where we have invited global thought leaders to share trading insights in keynote sessions. Some of the featured speakers are Mike Bellafiore of SMB Capital and Jack Schwager, author of Market Wizard and co-founder of FundSeeder.
- How does the competition work?
Each participant will have to create a virtual trading account. Participants will build a simulated investment portfolio with a virtual initial capital of one hundred thousand Singapore dollars (S$100,000), through trading predefined securities products listed on SGX within the competition period. Each participant is required to make a minimum of five (5) Long positions for 5 different stocks OR securities within the competition period, in order to be eligible for the prizes. Participants will have to monitor the market actively during trading (no advanced limit/stop order is allowed).
Example of what would count as minimum of five (5) Long positions for 5 different stocks OR securities:
- 1 Long trade for Stock A
- 1 Long trade for Stock B
- 1 Long trade for Stock C
- 1 Long trade for Warrant A
- 1 Long trade for DLC A
Example of what would not count as minimum of five (5) Long positions for 5 different stocks OR securities:
- 3 Long trades for Stock A
- 1 Long trade for Stock B
- 1 Long trade for Warrant A
Please note that any participant who creates more than one (1) account shall be considered in breach of Competition Rules and will be disqualified from the competition.
- When does the competition begin?
The competition will be conducted from 1 to 5 March 2021.
- What trading products are available in this competition?
This is the first trading competition that features all of SGX securities products, ranging from Daily Leverage Certificates (DLCs), Structured Warrants, Stocks, ETFs, REITs etc. For the full list of stocks available in the competition, click on this link. Note that the list of DLCs and Structured Warrants available in the competition will be updated a week before the competition begins.
- Does the competition allow margin trading or short selling?
Short selling and/or margin trading are NOT allowed in the competition. The trading system will check the availability of cash and securities before accepting the BUY/SELL order.
- Will other participants get to see what’s in my portfolio and my portfolio gain?
During the competition period, participants’ portfolios will be set to ‘public’ and will be visible to external visitors. A leaderboard showing the most updated results of participants will be shown on the event page and InvestingNote.com respectively. The leaderboard will be updated on a daily basis.
- When I place a trade, how quickly does it go through?
Each trade will be placed immediately upon execution, based on live quotes on SGX. The regular trading hours on trading days on SGX is from 9AM to 5PM, with a lunch break from 12PM – 1PM.
- How can I void a stock order that I made in error?
Transactions cannot be voided.
- Do I need a Central Depositary (CDP) or a broker account to participate in this competition?
Participants are NOT required to have a CDP, broker or InvestingNote account to participate in this competition.
- How will winners be determined?
Winners will be determined based on the portfolio with the most capital gains at the end of the competition (5:30pm, 5 March 2021). Only realised profits will be taken into account at the end of the competition. In the case of open positions, the intrinsic close will be used to calculate the gains or losses at the end of the competition.
- When will the award winners be announced?
Winners will be selected based on the simulated investment portfolio with the most capital gains at the end of the Competition (5:30pm, 5 March 2021) and the announcement will be made not later than 12 March 2021. The winner will be announced on the event page on SGX’s and InvestingNote’s social media platforms and on InvestingNote.com. The winner will also be notified via email.
- What are the competition prizes?
|Type of winners||Amount (SGD)|
|Grand winners||1st: $5,000
|Consolation winners||7 prizes of $200 each|
For technical support and other queries, kindly email firstname.lastname@example.org.
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