KUALA LUMPUR: Bursa Malaysia Derivatives Bhd will hold its second annual nationwide Bursa Malaysia Derivatives virtual trading challenge from Nov 7 to Dec 6, 2022.
In a statement today, Bursa Malaysia Derivatives said 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.
It said participants will compete in a simulated environment that mirrors live futures markets via the BursaMKTPLC derivatives trading simulator.
Acting director Mohd Saleem Kader Bakas said the 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.
He said the experience gained from the challenge will help them become more confident in making informed trading decisions, which will benefit them when they enter the actual marketplace.
"The exchange’s retail participation in the derivatives market has increased in recent years, rising to 38 per cent as of September 2022 from 25 per cent in 2019.
"Given this growing interest, the exchange is investing in such educational and experiential learning tools to help the general public understand trading fundamentals and how to trade responsibly,” he said. - Bernama
