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. One of the contest winners, Mr. Tomoki Fujita who came in 7th in the competition, said, "It was very exciting to be able to compete my trading skills with so many foreign university students. I would like to thank OANDA for giving me this wonderful opportunity."
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.
One of the members of TOWALY, Hitotsubashi University's investment club, Mr. Kazuma Takakuwa said, "Competing with students around the world was an exhilarating experience for all TOWALY members. We enjoyed the opportunity to learn forex trading and we were very impressed with OANDA's trading interface."
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).
