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10,000 PARTICIPANTS COMPETE IN FIRST "WARRANT HERO" TRADING CONTEST
Kuala Lumpur, 10 December, 2015 - Macquarie Capital Securities (Malaysia) Limited (“Macquarie”), yesterday presented cheques to the winners of Malaysia’s first ever warrant trading contest. The contest attracted more than 10,000 participants who competed for RM100,000 in prize money.
The Warrant Hero trading contest is a structured warrants (SW) simulation game that allows investors to trade SW as though they were in the real market. Prices in the contest mirrored those on the Bursa Malaysia, giving investors a real-time experience of trading SW without having to contribute any money. To provide the best user experience, Macquarie joined forces with the market leader in online trading applications, TradeHero.
The contest was conducted entirely on TradeHero, a mobile application that allows participants to “follow” the top performing traders and see their trades in real time. Participants can then use what they learn from these experts and apply it to their own investment portfolio.
Mr Barnaby Matthews, Head of Derivatives for Macquarie in South East Asia , said “We are delighted with the outcome of the contest. Attracting more than 10,000 participants to our inaugural contest clearly demonstrates the high level of demand for SW in Malaysia. It also demonstrates that there is a lot of demand for education, an area that we continue to focus on.”
Dato’ Tajuddin Atan, Chief Executive Officer of Bursa Malaysia Berhad said, “Macquarie has raised the bar in promoting structured warrants in Malaysia. The gamification route has proved to be a winning strategy, here and across the region, in attracting a wider retail audience and helping them to develop their trading abilities. When integrated with social media, mobile and web based games help to familiarise investors with the capital market.
“I look forward to more innovative projects and collaborations from our brokers and issuers in the future. From what I understand, during the contest period Macquarie had a 300 per cent increase in registrations on their structured warrants website, which bears testament to a more knowledge-based investing approach that is supported by accurate and objective information. I would like to congratulate all the winners and participants who took part in this contest and invite them to sharpen their skills and explore the full range of investment opportunities available in the marketplace”, added Dato’ Tajuddin Atan.
The contest began on 3 August and ran for three months. The top performing traders each fortnight were awarded cash prizes and grand prizes awarded for the winners at the conclusion of the contest. The grand prize winner in the contest was 36 year old Mr Tan Tim Kiat from Sarawak, who accumulated a total return of 311.70% over the period of the contest.
Another top performer was 19 year old Mr Sim Yu Sin who is currently studying at Taylors University. The Sims are no strangers to the trading sector with Mr Sim’s twin brother recently winning the KenTrade Trading Challenge. Mr Sim attributes his success to the availability of put warrants over the China A50 and Hang Seng Index. “As it was a bear period, I focused mainly on put warrants. It is very important to frequently trade and to actively monitor to know the behavior of these warrants,” Mr Sim stated, adding that his basic self-taught knowledge in charting and technical analysis helped with the competition.
Other highlights from some of the top traders included a 1 week return of 85% from an investor in a China A50 index put warrant (CHINA50-H2), and a 3 day gain of 132% for a investor in a Hang Seng Index put warrant, HSI-HC. Both warrants benefitted from the Chinese market’s volatility in August, causing the put warrants to increase in value.
Dinesh Bhatia, Founder and CEO of TradeHero said "We are happy to build on our strong partnership with Macquarie Capital with this successful fourth edition of WarrantHero. We thank Bursa Malaysia for their vision and support in promoting financial proficiency through mobile gamification. The strong participation proves that Malaysians are very engaged in the financial markets and are ready to build their knowledge even further as part of the global TradeHero community which now numbers over 5.5 million”
Mr Matthews added that the primary aim of the contest was to improve investors’ understanding and awareness of SW in Malaysia. Throughout the contest, Macquarie held free seminars and also saw high demand for their online training videos. “Our website saw a jump in visitors during the contest and now attracts more than 28,000 total visits every month” said Mr Matthews. “We believe that by providing better information and education to investors the market will continue to grow”, Mr Matthews added.
Since launching warrants in October 2014, the SW market on the Bursa Malaysia grew from an average daily traded value of around MYR5 million, to more than MYR140 million during the month of August, an increase of more than twenty-fold. Mr Matthews attributes this to the rise of index warrants, improved market making technology and increased information provided to investors. “With the live pricing matrix we provide on our website, investors are better informed than ever before”.
The winners for Warrant Trading Contest