A Virtual Currency Derivatives Trading Competition at NLDIMSR

HTCampus Expert updated on : 21 Sep 2015

N.L Dalmia Institute of Management Studies & Research received a great response over the trading forum

Trading Competition at NLDIMSR

The finance forum of N.L Dalmia Institute of Management Studies & Research organized a tradeful competition – Mudra Vinimay on 14th September 2015.

As the name suggests, Mudra Vinimay is a currency derivatives trading competition organized for the potential traders of NLDIMSR allowing them to get on to the trading ring of Dalmia Stock Exchange and trade their view on the currency derivatives as per the scenarios developed by the organizing committee.

A total of 30 teams consisting of 5 members each participated to compete against each other depicting their trading skills. Prof. Dr. Anil Gor, faculty head of finance forum, rang the opening bell for inaugurating the event and indicating the commencement of the first trading round.

10  trading rounds were held and a virtual amount of Rs 1 crore was allotted to each team, with trading in four pairs of currencies – USD, EUR, GBP & JPY; giving them a feel of the real trading arena. 

The winning team managed to make around 33% gains cumulatively while the runner-ups managed to garner a return of 21%. A Cash Prize of Rs 2000/- was awarded to the winning team whereas Rs 1500 was rewarded to the runner-ups.

The event received a splendid response from all the participants, making it another successful event of NLDIMSR.

Source: Gayatri N. Bhatia, HT Campus Specialist

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