Press Release, 3 October 2016
The NGM exchange is at the forefront of training in exchange traded products
Trade with exchange-traded products (ETPs) is increasing steadily and in line with this also the need for training. Starting today, 3 October, Nordic Growth Market (NGM) is organizing the competition Investerar-SM (Swedish Championship for Investments) to train investors in the instruments. So far, the exchange has trained almost 80,000 investors through the competition.
In Investerar-SM, the participants learn to trade with exchange traded products in real time, but with fictitious money. NGM began organizing the competition in Sweden in 2008, and the background was the increasing interest in the products (often called ETPs). Tommy Fransson, Deputy CEO at NGM, tells about the need for training.
– Eight years ago, we saw the need for more training and therefore we opened up our trading system and created the competition to train the investors in ETPs in a fun way. We see that trade with the instruments is increasing, and the interest in training is therefore continuously large, says Tommy Fransson.
Each year, approximately 15,000 investors throughout the entire Nordic region participate, and this year, the competition will be organized in parallel in Sweden, Denmark, Finland, and Norway.
– It is fun to see that the interest for the competition is large, even in our neighboring countries where trade with ETPs is not as extensive as in Sweden. So far, we have trained approximately 80,000 people throughout the entire Nordic region, and when this round is finished, we hope to have reached 100,000, says Tommy Fransson.
He also highlights that there is a broad consensus in the industry concerning this year's competition. Many players, but also private investors, have wanted to participate, support, and highlight it in their own channels. Among the first-mentioned is the online broker Nordnet, which is one of the players on the market that offers ETPs to its customers.
– The demand for the products is growing, and the need for training and transparency in this category is increasing. This competition is a great way for investors to learn about the instruments, and we are proud to be a partner in NGM's initiative for the fourth year in a row, says Håkan Nyberg, CEO of Nordnet.
Investerar-SM is organized during the period of 3 - 21 October. More information at www.investerar-sm.com (In Swedish(.
For further information, please contact:
Tommy Fransson, Deputy CEO, Nordic Growth Market (NGM)
Phone: +46 (0) 8- 566 390 49, e-mail: email@example.com
About the competition
Investerar-SM is arranged by NGM and is a free competition for investors who want to learn more about trade with exchange-traded products (ETPs) such as Bull & Bear certificate, Mini Futures, Mini Futures BEST/Unlimited Turbo. All instruments are available in NGM's trading system NDX.
In the competition, participants learn to trade with raw materials, shares, index and currencies as underlying assets. All trade takes place with real-time courses, but with fictitious money where each participant has SEK 100,000 to invest. The participant who achieves the best development during the competition period wins. Weekly competitions are also organized during the course of the competition.
Some of the partners to the competitions in the Nordic region are Commerzbank, BNP Paribas, Societe Generale, Vontobel and Citi Group.
About Nordic Growth Market
Nordic Growth Market (NGM) is an authorized exchange with operations in Sweden, Norway, Denmark, and Finland. The exchange was founded in 1984 and is currently a wholly-owned subsidiary of Börse Stuttgart, Germany's leading exchange for private investors. We offer a complete market place for exchange-traded investment products and provide a complete arena for companies that want to become quoted or listed. For more information about NGM, visit www.ngm.se. Follow us on LinkedIn and Twitter.