Pupils will be trading places at Anglia Ruskin

Published: 19 March 2012 at 11:20

Local schools to compete in Stock Market Challenge on Chelmsford campus

Young people from across the region will get the opportunity to experience the excitement and the adrenalin of dealing on a live trading floor when they take part in Essex’s first inter-school Stock Market Challenge.

Stock Market Challenge, sponsored by HSBC, will involve 18 schools and takes place on Tuesday, 27 March at Anglia Ruskin University’s Chelmsford campus.

HSBC has made this unique experience accessible to thousands of pupils by giving all the participating schools a free licence for the Stock Market Challenge online resource.  In the run up to the event, Business Studies, Economics and Maths teachers have been running in-school challenges to select the five pupils who will represent them.

At the event, the Year 10 pupils will be challenged to use their skills to manage a portfolio of shares and foreign currency.  They will make their investment decisions by interpreting and analysing information from the financial markets.  The simulated live trading will take place over a three-hour period and the team with the highest portfolio at the closing bell wins.

James Webb, Senior Manager at HSBC’s Chelmsford Branch, said:

“The economy and the financial markets affect our everyday lives. Stock Market Challenge is a great way to allow young people to experience first hand how the markets operate and perhaps even shape their future career and higher education aspirations.
“This is a great a way to make young people aware of how the financial markets operate, and it also helps to develop essential employability skills.  We are committed to ensuring that youngsters are prepared for the world of work or are ready to enter college or university after leaving school, and Stock Market Challenge helps towards fulfilling this goal.”

Nicola Lumb, Anglia Ruskin’s Outreach and Recruitment Officer, said:
“Stock Market Challenge is a great opportunity for our students and staff to work with local schools.
“Ensuring young people have a strong understanding of financial and money management skills is critical, and Stock Market Challenge is an innovative and exciting way of getting school pupils interested in the financial sector. 
“It also gives pupils the opportunity to develop other worthwhile skills such as team building and problem solving.  I wish all of the participating teams the very best of luck.”