Corporate Competition Event Details

Thursday, February 25, 2010
5:30 pm - 8:00 pm

5:30 – 6:15 pm     Arrival, cocktails, registration
6:15 – 6:25 pm     Emcee Introduction & Game Instructions
6:25 – 7:05 pm     Opening Bell, First 30 day trading session
7:05 – 7:15 pm     Break
7:15 – 7:55 pm     Opening Bell, Second 30 day trading session
8:00 pm               Awards Presentation


Junior Achievement of Central Iowa
Richard O. Jacobson BizTown
6100 Grand Avenue
Des Moines

 

 
The SMC Premise: Teams of three to four register with Junior Achievement, and are given a list and description of 26 fictitious stocks as well as $500,000.00 trading dollars which they use to invest in their desired portfolio. On the evening of the event, teams gather and prepare for the opening bell. Once the bell is rung, the market is open and each day is only 80 seconds long! Trading takes place for two 30 Day sessions.

Teams can track the performance of their portfolios, and their standings from information provided on two screens at the front of the room. Throughout the event information in the form of News Releases, Hot Stock Tips, and Portfolio Printouts are available. These documents give teams insight as to how certain stocks will perform. How well teams interpret this information is imperative to their success. Teams can make trades by attracting the attention of a floor trader. Each floor trader is equipped with a hand held computer that puts team’s orders instantly into the system via wireless transmissions. All transactions occur in real time.
 

Competition Rules

• Every corporate team of three to four will begin with $500,000 in "trading dollars" / "Cash" that they can then use to invest in real local companies in a "simulated market."

• Fictitious company names, 3-letter stock symbols, and a brief description are provided to enable teams to identify the 26 stocks available. Each company’s name begins with a different letter of the alphabet.

• Floor traders with handheld computers come to tables to take trading orders.

• Two large screens will display the following: Team Net Worth, Daily Stock Prices, Trading Days from 1 to 60 and Graphical Depictions of Stock Performance.

• To track progress, Portfolio Statements may be obtained from the Printing Stations.

• All trades made after the initial stock picks will be subject to a trading commission of 1.25%, which will be automatically deducted from the team’s total.

• Teams will have opportunities to purchase press releases and hot tips regarding world events, industry developments, etc. throughout the event; this news will affect stock values and will challenge participants to think on their feet. Teams should have a little extra cash on hand.

• Trading will commence with the ringing of a bell and continue for 40 minutes. After a 10-minute break, trading will resume for another 40 minutes and finish at the ringing of the bell. Each trading period/day will last for one minute; there are 60 total trading rounds.