FinSMarket

FinSMarket US Stock Virtual Trading Competition

Competition Overview

  • Competition Name: FinSMarket US Stock Simulation Investment Competition
  • Organizer: Zentoai Services Pte. Ltd.
  • Competition Period: November 1, 2024 to December 31, 2024 (during US stock market trading hours)
  • Disclaimer: By participating in the competition, participants explicitly agree to be bound by the following rules, including but not limited to eligibility, winners, and other content in these rules, which are binding in all aspects.

Competition Summary

  • Competition Format: Portfolio return rate challenge, where participants build and adjust US stock portfolios during the competition period using FinSMarket's competition system, aiming to achieve the highest portfolio return rate.

  • Rewards: The total prize pool and benefits for this competition are valued at $10,000 USD, specifically:

    • Total cash prizes: $9,800 USD
    • FinSMarket Premium User Service, winners can experience premium user features for free, valued at $200 USD
    • FinSMarket (FS) Points: Used to redeem corresponding membership benefits, including membership services, discounts on membership services, and other benefits. Points can be earned through purchasing membership services, system logins, sharing tasks, etc. Please check the official website announcements for more details.

Participation Methods

This simulation competition offers two ways to participate:

  • Official Website Login: Use your personal account and password to log into the competition trading system; and/or
  • WhatsApp Login: Scan the exclusive QR code to add the online investment manager (virtual digital assistant Tabbi) and participate in the competition by giving trading instructions through chat dialogue.

Competition Details

Competition Registration

  • Participants can enter the event page on the official website (https://www.finsmarket.ai), click on the "US Stock Virtual Trading Competition" link, and complete three steps (register as a user, fill out the questionnaire, click the "Register for Competition" button) to complete the registration process.
  • Registration Requirements:
    • Must be 18 years or older and possess valid identification documents (valid personal ID or passport) issued by their region;
    • Complete the above competition registration procedures;
    • The organizer reserves the right to request participants to present valid documents to verify identity and age. If participants cannot provide valid documents, the organizer reserves the right to disqualify the participant.
  • Registration Period: Starts from September 10, 2024, 00:00 until the end of competition (Eastern Time, ET)

Portfolio and Trading Rules

Portfolio

  • Portfolio: Participants can adjust their portfolios daily during the competition period.
  • Investment Targets: Limited to stocks listed on the New York Stock Exchange and NASDAQ.
  • Initial Starting Amount: $1,000,000 USD. If registration is completed before October 1, 2024, the starting amount can be increased by an additional 25%, reaching $1,250,000 USD.

Trading Rules

  • This competition uses real-time data. Any buy or sell operations during the competition will be settled immediately after the trade is completed (T+0), after which participants can immediately use the settled funds for operations.
  • This competition has no trading fees, does not allow short selling, does not support limit orders, and does not support margin trading.
  • Trading is limited to US stock market trading hours only. Dividends, IPO subscriptions, rights issues, bonus shares, and additional issues are not supported.
  • If a listed company is delisted and a participant's account holds virtual stocks of that company, the participant will not be able to conduct simulated trading of that stock in subsequent competition days. The system will calculate based on the stock's last closing price and credit the used virtual funds to the participant's account on the next business day.
  • If a listed company is suspended and a participant's account holds virtual stocks of that company, the participant will not be able to conduct simulated trading of that stock during the suspension period. If the suspension continues beyond the competition end date, the stock's value will be calculated using the last trading price before suspension as the participant's final market value.
  • If a participant is found to have modified investment records through deceptive means or exploiting vulnerabilities, they will be disqualified from the competition.

Ranking and Score Calculation

  • Ranking Statistics: The system will evaluate daily, weekly, and monthly rankings starting from the 3rd trading day after the competition begins (November 5, 2024), based on participants' portfolio return rates and investment gains.
  • Ranking Settlement: The system will complete the settlement within 5 days after the competition ends (January 10, 2025) and announce the final results on the official website.
  • Score Calculation:
    • Portfolio Return Rate Calculation:
      • Portfolio Return Rate = (Final Total Market Value - Initial Starting Amount) / Initial Starting Amount * 100%
      • Final Market Value i = Number of Shares Held i × Final Price i
      • Final Total Market Value = Sum of Final Market Values of All Stocks + Final Cash Balance
      • Final Price = Based on the daily closing price
      • Where i represents the i-th stock
    • Monthly Investment Gain Calculation:
      • Monthly Investment Gain = Final Total Market Value - Initial Starting Amount

Evaluation Criteria and Other Situations

  • Evaluation Criteria: Participants are ranked according to their portfolio return rates at the end of the competition.
  • Tiebreaker: If two or more participants have the same investment return rate at the end of the competition, the final ranking will be determined by the investment gain amount, with the higher amount winning. The next participant will be adjusted to the next ranking, and so on.

Reward Structure

Total prize money and user benefits valued at $10,000 USD

Portfolio Return Rate Rewards

Calculate the ranking of all participants' portfolio return rates during the competition period:

  • 1st Place: $2,000 USD + FinSMarket Premium Service for 6 months + 5000 FS Points
  • 2nd Place: $1,500 USD + FinSMarket Premium Service for 5 months + 4000 FS Points
  • 3rd Place: $1,000 USD + FinSMarket Premium Service for 4 months + 3000 FS Points
  • 4th Place: $700 USD + FinSMarket Premium Service for 3 months + 2000 FS Points
  • 5th Place: $500 USD + FinSMarket Premium Service for 3 months + 1000 FS Points

Monthly Best Performance Rewards

Calculate the ranking of all participants' investment gains for each month during the competition period:

  • 1st Place: $700 USD + FinSMarket Premium Service for 3 months + 5000 FS Points
  • 2nd Place: $500 USD + FinSMarket Premium Service for 2 months + 4000 FS Points
  • 3rd Place: $300 USD + FinSMarket Premium Service for 1 month + 3000 FS Points
  • 4th Place: $200 USD + FinSMarket Premium Service for 1 month + 2000 FS Points
  • 5th Place: $100 USD + FinSMarket Premium Service for 1 month + 1000 FS Points

Special Event Rewards (dates may be adjusted based on actual circumstances)

Dow Jones Index prediction activity (only open to participants logged in through the official website). The participant whose prediction is closest to the day's closing value (winner) will receive $100 USD + 1 month of FinSMarket Premium Service. There will be only one winner per event day.

Prediction Rules:

  • Content: Predict the Dow Jones Index closing value for each event day.
  • Frequency: Submit one prediction within 4 hours after market opening on designated event days (see dates below). No modifications after submission.
  • Data Source: Based on official NYSE Dow Jones Index closing data.
  • Discipline: Each participant is limited to one account. Multiple account users will be disqualified. Modifying prediction records through cheating or technical vulnerabilities is prohibited and will result in disqualification.

Prediction Dates:

  • Presidential Election Day (November 5, 2024)
  • Q3 2024 GDP Data Release Day (November 27, 2024)
  • Non-Farm Payroll Data Release Day (December 5, 2024)
  • Federal Reserve Meeting Day (December 11, 2024)
  • December Options Expiration Day (December 20, 2024)

Handling Identical Predictions:

  • If two or more participants have identical predictions closest to the day's Dow Jones Index closing value, the winner will be determined by earlier submission time.
  • The system will automatically record each participant's prediction submission time and rank them accordingly, with earlier submissions ranking higher.

Prize Collection and Payment Process

  • Prize Collection Process:
    • The organizer will notify winners via email within 5 days (January 10, 2025) after announcing the results on the official website. Winners must provide valid identification documents and bank account information for identity verification within 10 days (January 20, 2025) of receiving the award notification email.
    • If the organizer fails to successfully contact the winner before January 10, 2025, it will be considered as forfeiting the prize, and the relevant prize money and benefits will not be substituted.
    • If the winner fails to provide the above information to the organizer before January 15, 2025, it will be considered as forfeiting the prize, and the relevant prize money and benefits will not be substituted.
    • The organizer will complete the review and notify the winners of the review results via email by January 24, 2025.
  • Payment Process:
    • The organizer will complete the payment process between February 12-28, 2025. If the winner fails to receive the payment during the above period due to providing incorrect information, it will be considered as forfeiting the prize, and the relevant prize money and benefits will not be reissued.
    • Note: Due to the Asian Lunar New Year from January 29 to February 12, 2025, the payment time will be delayed.
    • Fee Explanation: Winners are responsible for any handling fees or taxes (if any) incurred from receiving the payment. Different countries or regions may have different handling fees or taxes, and winners should handle these on their own.

Disclaimer

  • Risk Warning: This competition is a virtual trading contest and does not involve actual fund operations. All investment decisions are made only in a simulated environment for testing and learning purposes. Participants should fully recognize the risks of stock investment and make cautious decisions in actual investments. The organizer is not responsible for any investment behavior and its results during or after the competition.
  • Data and Technical Limitations: The data and technology used during the competition are provided based on existing conditions. The organizer does not guarantee the absolute accuracy and completeness of the data. The organizer is not liable for compensation for errors or losses in competition results caused by system failures, network delays, or other technical issues. Participants should understand and accept the risks that may arise from technical issues in the competition.
  • Legal Applicability: This competition is subject to relevant laws and regulations of the country or region where it is held. Participants must comply with all laws and regulations of their jurisdiction. The organizer assumes no responsibility if participants are unable to participate in the competition or claim prizes due to legal restrictions.
  • Right to Change the Competition: The organizer reserves the right to change, postpone, or cancel the competition due to force majeure factors (such as natural disasters, war, government regulations, etc.) or other necessary circumstances, and has the right to adjust competition rules or prize settings according to actual situations. Any changes will be notified to participants through official channels in a timely manner.
  • Eligibility: The organizer has the right to disqualify any participant who violates the competition rules or engages in improper behavior, and reserves the right to pursue their responsibility.
  • Privacy: Participants agree that the organizer may use their personal information (such as usernames and competition trading records) for display on the competition website, social media, and marketing purposes. Apart from the above purposes, participants' other personal information is limited to internal use by the organizer, will not be made public or shared with third parties, and will be automatically destroyed one month after verification is completed.
  • Liability Waiver: To the maximum extent permitted by law, the organizer is not responsible for any direct, indirect, special, incidental, or consequential damages that may arise from participants' involvement in the competition. Participants must bear all risks in the competition process, including but not limited to losses caused by technical issues, data errors, or operational mistakes.
  • Contact Method: For all external communications regarding this competition, the organizer will only contact participants through the sole email ir@finsmarket.ai. If there are any changes, the organizer will notify participants in a timely manner. If other organizations or individuals claim to represent or are authorized by the organizer to contact participants, it is not related to the organizer, and the organizer is not responsible for any losses or liabilities caused by this.
  • The dates mentioned in the prize collection and payment process are based on International Standard Time +8:00.
  • The organizer reserves the right of final interpretation and decision on these rules.