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Singapore Exchange Limited (SGX) announced today that it will be launching its first online securities investment challenge, StockWhiz, to engage new investors to learn how to invest in the Singapore stock market.
StockWhiz Challenge allows participants to invest using virtual cash in a real-time, online environment. Participants stand to win cash prizes of up to S$20,000.
The objectives of StockWhiz Challenge are to educate new investors in share investing and to enhance the skills of existing investors.
The launch of StockWhiz Challenge is a key plank in SGX's investor education strategy which seeks to build a vibrant and empowered retail investor community through information and knowledge.
Said Andrew Liew, Head of Retail Business at SGX, "StockWhiz Challenge presents an exciting opportunity for both new and seasoned investors to hone their investing skills in an interactive and no-risk environment. We expect the response from the public to be enthusiastic. It will be fun!"
StockWhiz Challenge is supported by broking member firms and community partners.
StockWhiz Challenge is open to all Singapore residents aged 21 years and above. It commences on 28 August and ends on 20 October 2006. Members of the public who wish to take up the challenge can visit the SGX website at www.sgx.com/stockwhiz or call the SGX hotline at 1800-CALL SGX (1800-2255749).
