Bangkok--14 May--Maxima Consultants
Macquarie Securities Thailand Limited (“Macquarie”) announced the launch of ‘DW Star 2013’ trading contest, the first-ever Derivative Warrant (DW) trading competition in Thailand, with 700,000 THB in prize money to be won. The competition aimed to attract a large number of around 10,000 participants in its first year.
The DW Star 2013 contest is being launched to educate investors about the DW market. Macquarie DW Star 2013 is a DW simulation game which allows investors to trade in real market conditions. Entrants can sign up for one of three categories; Dealers, Private Investors, or Students, with THB 300,000 in cash going to the overall Grand Prize winner.
Contest participants start with a hypothetical cash amount of THB 3,000,000 and are able to trade Macquarie-issued DW in a simulated trading environment that mirrors the real SET DW market.
Mr. Noppadon Duangthipnest, Head of Derivative Sales for Macquarie Thailand said: “The aim of the Macquarie DW Star 2013 contest is to increase investors’ understanding of DW and to improve their trading skills. It is also a great opportunity for new investors to gain experience in DW without risking any capital. Macquarie has held similar competitions in other markets and past winners in other markets have shown that you do not need to be a professional trader to be successful in trading DW.”
For the past four years, this similar contest in Singapore, previous grand prize winners have included a young broker with little practice in trading DW, an IT consultant who participated in the Private Investor category and a retired housewife with no previous experience in DW trading. Other countries also have drawn a large number of participants such as Korea and Hong Kong.
In Thailand, Macquarie has a leading market position, and we have built up our reputation since structured warrants was launched in October 2012. DW market is still in its early stages of development in Thailand and there is still room for growth.
Currently the trading of DW in Thai market is about 650 million Baht per day. Among the volume traded in Thai DW market, Macquarie Securities Thailand is now one of the three largest issuer of DW, with about 18% market share of the volume traded on Thailand DW market, for the year to date as of March 30, 2013.
The DW Star 2013 contest commences on 27 May 2013, will run for six weeks until 5 July 2013 and is free to enter. Macquarie is also holding free investor seminars to help participants prepare for the competition. Contestants can sign up via www.mqwarrants.co.th.
Besides, the THB 300,000 in cash for Grand Prize winner, the winner from each category (excluding the category whose winner is awarded the Grand Prize) will receive THB 125,000, while a weekly cash prize of THB 10,000 will go to the top contestant in each category for the duration of the contest.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 13,600 people in 28 countries. At 31 March 2013, Macquarie had assets under management of $A347 billion.