MALAYSIA: Bursa Malaysia Derivatives to Launch Annual Nationwide Derivatives Virtual Trading Challenge

Tuesday October 25 2022

On 20^th October 2022, Bursa Malaysia Derivatives Berhad announced that it will launch its second annual Nationwide Bursa Malaysia Derivatives Virtual Trading Challenge, which will commence from 7^th November to 6^th December 2022. The challenge aims to raise awareness and interest in the Malaysian derivatives market among millennials and undergraduates through experiential learning, while providing essential knowledge for beginners to begin trading derivative instruments in an informed manner. 

The Derivatives Virtual Trading Challenge will enable retail investors, particularly beginners, to hone their trading skills by giving them the opportunity to practise real-time trading in a virtual environment without risking their own money. 

Participants will compete in a simulated environment that mirrors live futures markets via the BursaMKTPLC Derivatives Trading Simulator. Each participant will be given an account with RM100,000 virtual capital to trade in the five derivatives contracts offered by Bursa Malaysia Derivatives. They are the Crude Palm Oil Futures (FCPO), the East Malaysia Crude Palm Oil Futures (FEPO), the FBM KLCI Index Futures (FKLI), the FBM Mid 70 Index Futures (FM70), and the Gold Futures (FGLD) Contracts. 

The top 30 participants with the highest account balance at the end of the challenge will receive prizes worth RM40,000. The “Individual” category winner will receive a RM7,000 cash prize, while the “University Team” winner will receive a RM5,400 cash prize and certificate. 

The Derivatives Virtual Trading Challenge is open to eligible Malaysian citizens and students aged 18 and above, with two entry categories: individual and university team. As of 20^th October 2022, the Exchange had received registrations from 2,749 individual participants and 77 teams. Registration is still open and will close on 28^th October 2022. 

Click on the above link for further information