Trading bell sounds to launch investment competition
Students from across North Wales region will soon be experiencing the excitement of the trading room floor ‘virtually’ first hand – thanks to a Bangor University initiative called Stock Market Challenge.
The competition will give over 140 Year 12 pupils the chance to experience the excitement of buying and selling shares on a live trading floor. The initiative not only teaches young people how the financial markets work but encourages them to develop key skills such as communication, problem-solving, decision making, teambuilding, and negotiation.
Staff from the University will be taking part as traders running the dealing pit and will be on-hand to offer advice and guidance to pupils and students interested in a related degree course at the university.
The pupils and students will work in small teams to trade in shares and foreign currency. Each team will start with £15,000 in ‘virtual’ cash to invest by interpreting and analysing information from the stock market.
The simulated live trading will take place over a two-hour period, during which time the students will build a portfolio of shares and currency by making decisions about when to invest and when to sell. The team with the highest portfolio at the closing bell wins.
The project is not just about teaching young people about the financial markets – it’s much, much wider than that. It’s about encouraging them to work in a team to develop their communication skills and their decision making ability – skills which will be vitally important to them when they enter higher education and the world of work, whichever career path they ultimately choose.
Professor Phil Molyneux, Head of Bangor Business School said: “At Bangor Business School we think it is essential that we focus on developing the qualifications and skills of our young people, to ensure the appropriate skills base is in place to take advantage of the job opportunities now and in the future. Initiatives such as the Stock Market Challenge provide us with an opportunity to introduce the university to young people whilst also helping our next generation of business leaders to consider a high value qualification in finance, banking or accounting.”
The event is organised by the College of Business, Social Sciences & Law at Bangor University.