TD Ameritrade (AMTD) recently announced the launch of the second annual thinkorswim Challenge. College students nationwide can enter in this simulated trading competition designed to help teach the next generation of investors about engaging with the market. TD Ameritrade is offering prizes to participants and their colleges based on how their virtual portfolio performs over a four-week period which will begin on October 12, 2015.
The thinkorswim Challenge is offered through TD Ameritrade U, an educational program for professors and college organizations that provides free access to virtual trading through thinkorswim desktop and mobile. To participate, teams made up of three to four individuals who are students at the same postsecondary educational institution must register at the thinkorswim challenge website. The competition is open to the first 2,000 teams. Registration will close on Monday, October 5, 2015 at 11:59 p.m. EDT. Prizes will be awarded to the top weekly team with the highest percentage gain in aggregate value of their portfolio. At the end of the competition, additional prizes will be offered to the top three teams for the four-week period overall. Last year’s winning team turned an impressive 213% profit in four weeks.
Nicole Sherrod, managing director of the trader group at TD Ameritrade, said, “The next generation of investors may be savvy technology natives, but our research shows that when it comes to investing and the markets, they aren’t so sure.” This competition should help students build confidence and gain valuable experience in the market and investing.
For the full press release click here.