Ameritrade Adds Group-Play Feature to Ameritrade Investors Cup Stock Challenge.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--April 26, 2001 New Option Allows Participants to Challenge Friends, Co-Workers & Family Members Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ), the brokerage industry's technology leader, announced an enhanced feature to its Ameritrade Investors Cup(SM) with the addition of "group-play". Ameritrade Investors Cup is a simulated online investing experience, providing an education in the dynamics of self-directed investing. The new feature makes it possible for friends, co-workers and family members to test their investing skills against each other. "The Ameritrade Investors Cup provides investors with a unique learn-by-doing model to improve their investing skills," said Pete Ricketts John Peter "Pete" Ricketts is the former Chief Operating Officer of Ameritrade [1]. He was the Republican nominee for the 2006 U.S. Senate race in Nebraska [2] which he lost to incumbent Ben Nelson. , interim president, Ameritrade Inc. "The group-play option encourages individuals to take advantage of this opportunity to try different investing strategies while allowing them to participate in their own private forum, as well as compete for prizes in the larger field." To register, a group leader simply completes the online registration form, and enters the e-mail addresses of others to challenge. The group-play feature offers the ability to view each group member's portfolio performance, allowing participants to see how their portfolios rank against their friends'. Participants can view the transaction history and percentage of gain or loss on each group member's portfolio, as well as where each group member ranks within the overall competition. The Investors Cup competition takes place over the course of a four-week period. The next session starts April 30 and will run until June 1. Ameritrade will award $10,000 to the participant with the highest-valued simulated portfolio at the end of the session, and $100 each to the 100 participants with the next highest-valued simulated portfolios. All funds will be awarded as a deposit to an Ameritrade, Inc. account. To register or obtain information, individuals should visit www.investorscup.com. How the Ameritrade Investors Cup Works Participants open a simulated brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. funded with $50,000 to build and manage a fantasy portfolio in real time, on a trading platform that mirrors the Ameritrade trading site, giving an "authentic" feel to the experience and providing an education in the dynamics of self-directed investing. The goal is to maximize the value of the mock portfolio over the four-week period by trading equities listed on all major exchanges -- NYSE NYSE See: New York Stock Exchange , NASDAQ, AMEX AMEX See: American Stock Exchange -- or options listed on the CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). , PHLX PHLX See: Philadelphia Stock Exchange PHLX See Philadelphia Stock Exchange (PHLX). , PSE PSE 1. pale soft exudative pork. 2. portosystemic encephalopathy. and AMEX. Participants can also learn more about trading on margin, short-selling and market risks. Participants "pay" simulated commissions for the trades they make ($8 for Internet equity market orders, $5 more for stop or limit orders) just as if they were actually trading using the Ameritrade service. Similar to an actual Ameritrade account holder, Investors Cup participants can access quotes and research in order to learn more about companies they are purchasing as well as market conditions. This research is available through valuable partnerships with CBS (Cell Broadcast Service) See cell broadcast. MarketWatch, Edgar Online, The Motley Fool, Morningstar.com, the Cato Institute "Cato" redirects here. For Cato, see Cato. The Institute's stated mission is "to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets, and peace" by striving "to achieve and Zacks. Ameritrade Investors Cup is powered by Simvest(TM) Solutions, the global leader in interactive investor education. For more information on Simvest, visit www.simvestsolutions.com. About Ameritrade Holding Corporation Ameritrade Holding Corporation (www.amtd.com) is a pioneer in the online brokerage industry with a 25-year history of providing customers a self-directed approach to brokerage services. The award-winning company, through its broker/dealer subsidiaries, provides brokerage and clearing services to self-directed individual consumer investors and to financial institutions. Ameritrade is a registered trademark of Ameritrade Holding Corporation. Ameritrade Investors Cup is a trademark of Ameritrade Holding Corporation. |
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