Moomoo is set to launch its inaugural Global Paper Trading Challenge on October 14th. Top winners of the Challenge will be awarded with cash rewards prizes as well as an opportunity to be featured in a celebration video on the Nasdaq Tower at Times Square in New York.
The five-week Challenge welcomes traders from the US, Canada, Australia, Singapore, Malaysia, Japan, and Hong Kong to trade US stocks and ETFs risk-free via simulated trades with real-time quotes and in real market conditions.
Participants will gain free access to Nasdaq TotalView, provided by moomoo’s global strategic partner Nasdaq, along with professional-level tools, market insights, and well-designed online investing courses.
“We aspire to create a world where smarter investing is within reach of everyone”
Justin Zacks, Vice President of Strategy at Moomoo Technologies Inc, said: “At Moomoo, we aspire to create a world where smarter investing is within reach of everyone. We believe paper trading can be done differently, so investors of all levels can harness its true benefits. We’ve dedicated considerable resources to build and launch this global paper trading challenge, including leveraging our partnership with Nasdaq to offer advanced market data with the hope to provide retail investors an unmatched experience to test their strategies and increase their investment knowledge. This will be done with real-time market data and feedback in an environment where they can exchange ideas and learn from fellow investors from around the world.”
Brandon Tepper, Senior Vice President, Global Head of Data, Nasdaq, commented: “Nasdaq empowers moomoo’s clients, and the participants of the global paper trading challenge, with Nasdaq TotalView, an advanced market data solution that provides transparency and access to the U.S. markets. The participants can learn a lot about U.S. investments and we wish them all the best of luck and hope they enjoy the trading experience.”
$20,000 in cash rewards each week
Moomoo offers a weekly cash reward pool of USD 20,000 for challengers who achieve positive investment returns. Over five weeks, a total of USD 100,000 is available. Additionally, participants with the top three cumulative returns in each region will earn extra cash rewards.
The USD 20,000 weekly share is open to participants from the US, Canada, Australia, Singapore, Malaysia, and Hong Kong. Japanese participants with a positive weekly profit/loss percentage will receive JPY 200 each.
At the end of the Challenge, the global top three participants by cumulative returns will receive USD 10,000, USD 3,000, and USD 1,000, respectively. Global winners will also be invited to feature in a video broadcast at the Nasdaq Tower in Times Square, New York.
