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OANDA Asia Pacific Announces Winners of Annual Student Forex Trading Contest

OANDA Corporation
2012-11-08 09:00 1494
  • Leading broker's fxUni trader education programme enables thousands of students across APAC to experience trading in real-market conditions

SINGAPORE, Nov. 8, 2012 /PRNewswire/ -- OANDA Asia Pacific, provider of innovative online foreign exchange trading and a trusted source of currency data, has announced the winners of the third annual OANDA fxUni Contest. The trading contest is the culmination of fxUni, a foreign exchange education programme for tertiary students in Singapore, Hong Kong, Japan, and Australia.

Tan Jun Kiat, who is a student at the Nanyang Technological University in Singapore, won the two-week long contest with an impressive portfolio return of 60.62% and was awarded the first prize of SGD $3,500. Robert Baskin of the University of New South Wales in Australia won the second prize of SGD$2,500, followed closely by Tan Wee Kiat of Singapore Management University who won the third prize of SGD$ 1,250.

Nearly 1,000 students from polytechnics and universities across the four participating countries competed in the contest, where they traded virtual currency under real market conditions using OANDA demo trading accounts.

The contest winner, Tan Jun Kiat said, "Trading forex is not easy, especially for beginners, and the calculation of risk-reward ratio is certainly the key to success. It is definitely worthwhile for young traders to participate in a learning programme like OANDA fxUni, and use demo accounts to get hands-on experience of the forex market and learn the basics of how to trade before starting to trade with real money."

OANDA fxUni is a two-month programme that includes a series of training webinars and a curriculum of learning materials to educate participants on trading foreign exchange. The goal of the programme is to nurture the next generation of forex traders by introducing students to this emerging asset class.

In addition to the individual prizes, OANDA also awarded SGD$500 to the Investment Clubs of the universities with the highest number of participants in each country.

"We are delighted to have been able to contribute to OANDA's fxUni program," says Mr Henryk Abucewicz, President of NTU Investment Interactive Club at Nanyang Technology University in Singapore. "I am personally impressed with the OANDA trading interface as well as the training our students received during the contest."

OANDA will present the awards and certificates to the fxUni winners on November 12, 2012.

About OANDA fxUni 2012

OANDA fxUni aims to nurture the next generation of FX investors. The programme equips students with the tools and knowledge to effectively manage an FX portfolio while exposing them to the dynamic world of FX trading. The fxUni contest attracted students from 58 universities and polytechnics in Hong Kong, Australia, Japan, and Singapore. Participating schools included Nanyang Technological University, University of New South Wales, National University of Singapore, Singapore Management University, Osaka University, Chinese University of Hong Kong, and Hitotsubashi University among many others.

About OANDA

OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company's leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data are the benchmark rates for corporations, tax authorities, auditing firms, and central banks.

OANDA Corporation has seven offices worldwide, in Chicago, London, New York, Singapore, Tokyo, Toronto, and Zurich. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Services Authority (FSA), and the Japanese Financial Services Agency (FSA).

Source: OANDA Corporation
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