College Team Beats 9,000 in Stock Market Challenge
A team of four Lower Sixth students have battled their way into the Student Investor Challenge semi-finals 2020, beating over 9000 teams from schools around the UK and abroad.
The Student Investor Challenge, run by The London Institute of Banking & Finance, challenges teams of school pupils to invest virtual money on the London Stock Exchange and trade stocks and shares to make a profit.
The College team, called ‘OG’, consists of Dara S, Emelia M, Lizzy T and Tabitha B who successfully invested virtual money and came 293rd after the first round of trading. Only the top 500 teams progress to the semi-finals. They will now go on to battle the remaining 499 teams, in an online contest over the next four weeks. The eight best performing teams from the semi-finals will be invited to the live national final. The final, consisting of a number of business challenges, will be held in London late April/early May with the winning team receiving a trip to New York.
Mr Murtagh-Howard, teacher of Economics and organiser of the Student Investor Club at the College, said, “This is an outstanding achievement by these four students; it will not only inspire others but will build confidence for life. The next round will be difficult, but we wish them all the very best on reaching the finals in London.”
Catherine Winter, Managing Director of Financial Capability at The London Institute of Banking and Finance commented, “This competition is a powerful way of engaging young people with how the finance sector works and relating it to everyday life. The movement of stocks and shares, currency fluctuations and central bank activities can feel quite remote and difficult to get to grips with. By bringing it to life through a trading game, young people have proved they can grasp how economies work and the basics of investment. So, congratulations to the semi-finalists for making the top 500, it’s a great achievement!”
Good luck to the team going forward.