-- The simulated rate of return of the first customer in two months reaches 172%
Date: October 19, 2012 Source: China Business News
Since the competition was launched in August, “IB Cup” National Simulated Precious Metal Trading Competition, which simulates the trading based on real market quotation, has kept being exceptionally hot. By now, there have been nearly 20,000 people registering at the official website of the competition, and the click-to-browse rate of the website has broken through 150,000. Over the past two months, the influence of such factors as quantitative easing monetary policies issued by US and EU, the political tension in East Asia and Middle East , and geopolitics stimulated hedge funds to go after international precious metal including gold and silver, and the majority of participating customers obtained desirable returns. Specifically, the highest rate of return reached 172%, and there are 16 customers witnessing a rate higher than 100% simulated rate of return.
The competition aims to improve the professional knowledge and risk awareness of investors and train the group of investors by simulating the real transactions. The simulated trading system adopted in the competition is established in full compliance with the rules of Shanghai Gold Exchange (SGE), and precious metals are traded based on the real market quotation, covering the types of AU (T+D) and AG (T+D) featuring “two-way transaction and leveraged trading”. With the competition, Investors may learn the characteristics of precious metal products, familiar with the trading rules and laws of precious metal, understand the risks related to investment in precious metal, evaluate their risk tolerance in a reasonable way, and accumulate precious experience for the firm offer operation.
The official website of the competition not only release the latest news about the competition from time to time, but also provide latest information about the investment of precious metal and knowledge about precious metal trading, thus providing a learning and communication platform for investors. In the meantime, the competition also sets up a number of awards. Apart from the awards according to the simulated return rates of participants for each week, each month and the final competition, many lucky awards are drawn each day to give returns to investors. All of these greatly incite the enthusiasm of investors in participation.
It is reported that, in order to facilitate more investors to make firm offer investment in precious metal, the bank released the “Inter-bank Precious Metal Trading Platform” jointly with ChinaPay E-payment Service Co., Ltd in September. A non-IB customer may directly log on the platform to handle such services as consulting, inter-bank account opening, precious metal trading and funds transfer.
Based on preliminary comparison, the simulated trading competition held by IB this time takes a dominating position among similar simulated competition in terms of the number of registered participants, the number of traders, and browsing rate. It is the most influential simulated precious metal trading competition in the banking industry. It is said that the simulated trading competition, in the opinion of participants, has a reliable system and rich awards, and that it can be used to guide the firm offer operation. As a rare opportunity for practical exercise, the competition is helpful for investors to better learn the rules and laws of precious metal trading.
IB is the first Chinese commercial bank releasing the agency real gold products and gold spots deferred delivery products of SGE, and it has successfully offered silver spots deferred delivery products. It has become one of the commercial banks acting as agency of SGE with the most diversified products listed for trading across China. During its business development, IB has kept innovating in the precious metal trading platform, improving the precious metal investment services, and cultivated a group of professionals. At each of its outlets, gold traders holding certificates of SGE are assigned to provide professional services for precious metal investors. In 2011, IB ranked No.1 and No.2 among all domestic banks in terms of agency gold and silver businesses respectively. It has won the top prize of outstanding SGE members for three years consecutively.
IB indicates that it will take this opportunity to continue exploring the business of precious metal investment, further enhancing business capability, and improving customer services so as to help investors to find good opportunities for precious metal investment.