International competition hosted by 10 nations with $100 million prize pool
PRETORIA, SOUTH AFRICA, October 02, 2024 /24-7PressRelease/ — The Global Equities Trading Challenge will officially launch in October 2024, spanning over five months and concluding on March 1, 2025. This prestigious event, organized by the Financial Stability Board (FSB), is designed to foster global financial cooperation and education, while promoting innovation and excellence in stock market trading.
Participants from 10 countries—including the U.S., U.K., Germany, France, China, Russia, South Africa, Japan, Canada, and Switzerland—will compete, with each nation being represented by a seasoned investor known for their expertise in the field. Notably, David Sean, one of South Africa’s most trusted stock market analysts, will represent his nation, bringing over 30 years of experience in low-risk, sustainable investments.
The competition features a $100 million prize pool, with weekly prizes of $1 million awarded based on a combination of profits generated and popular votes. The goal is to highlight each nation’s prowess in stock trading, while the proceeds from the competition’s trading activities will contribute to national and individual earnings.
The Global Equities Trading Challenge is not just about competition; it serves a larger purpose. It promotes the enhancement of financial literacy, encourages the growth of stock markets in emerging economies, and fosters international cooperation. Additionally, the event aims to introduce new financial technologies, including AI and big data analysis, to a broader audience of investors.
This competition is expected to bring a significant increase in market liquidity and trading volume, offering both local and global benefits. The unique format, where 30% of trading profits go to the individual investor and 70% to the representing country, emphasizes both personal and national financial growth.
Investors and financial professionals around the world will be closely watching the moves of the world’s top financial strategists as they compete for the title of the best in global equities trading.
The Financial Stability Board (FSB) is an international organization established to promote the stability of the global financial system. Coordinating the financial regulation and oversight policies among G20 nations, the FSB works closely with various international bodies to ensure robust and stable financial markets across the globe.
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