80 likes | 282 Views
Wharton Asia Exchange. Asian Equities Trading Competition. WAX. Focus on business in all of Asia Foster cultural and professional exchanges between the university and Asia Build a network of leading authorities in various fields
E N D
Wharton Asia Exchange Asian Equities Trading Competition
WAX • Focus on business in all of Asia • Foster cultural and professional exchanges between the university and Asia • Build a network of leading authorities in various fields • Help members develop academic and professional skills in an environment of cultural awareness
About the Competition • Four weeks of trading to see who can increase the value of their portfolio the most • Benefits: • Learn more about the Asian markets • Find opportunities to explore • An experience to talk about during interviews • Access to comprehensive market reports • Participate in an exclusive workshop
Timeline • March 23: Info Session • March 24: Deadline for Registration • April 15: Workshop • April 28: End of Competition
Teams • Register individually or • Register in teams of 2-3 Awards • First place: $100 cash per team • Second place: $50 cash per team • Third place: $50 cash per team
OTIS • Initial Cash: $100,000 USD • Securities which can be traded: Asia/Pacific:Australia, China, Hong Kong, Japan, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, South Korea, and Taiwan • Day trading: Disabled • Commission Rate: Flat Rate $25.00 • Duration for GTC (Good-Till-Cancelled) orders: 14 DAYS • Liquidity Constraints on Equities: Equity Trading is limited to 5.00% of the average daily volume for that stock for past five trading days. • Trading on Margin: Enabled • Short Selling: Enabled • Link: http://qbox.wharton.upenn.edu/otis/index.cfm
Resources • News Sources • Economic Indicators • Company Data • Thomson Database of Analyst Reports • Download the full package from our website: www.whartonasia.net
Q&A If you have any other questions about the registration process, OTIS, or competition details, please contact: Linda Dong: ldong@wharton.upenn.edu Remember to register by Tuesday!