Bahrain bourse set to take over TradeQuest
Manama, December 21, 2010
Bahrain Stock Exchange (BSE) announced that it will become the owner of TradeQuest as of the start of the programme this year.
TradeQuest is a simulated business-education partnership programme that focuses on investment trading in world financial markets, which operated for the first time in Bahrain in 1996 in co-operation with financial institutions and educational parties.
The programme is geared to give high school students close-to-life experience in the stock markets, with focus on understanding the rules and regulations implemented in those stock markets, the analysis and selection of stocks, and portfolio management for equities listed on NYSE and BSE.
This announcement was made during the presentations by students at BSE's premises at the Bahrain Financial Harbour.
The participating students presented their investment strategies and trading transactions during the first trading period.
BSE director Fouad Rashid was delighted with the step taken by BSE to become the owner of TradeQuest that has proved its success for the past 14 years.
'This programme reflects BSE's ongoing commitment to co-operate with different parties in order to support the education in Bahrain and increase investment awareness among students,' he added.
'I believe that by taking a more proactive role in the TradeQuest programme, BSE will enhance its role towards the success of the programme and will get greater support from its industry participants in the capital sector to achieve the strategic objective of the programme,' he said.
This year's TradeQuest programme includes seven teams from private schools and one team representing the government schools, in which the total number of participants is 95 consisting of both students and co-ordinators.-TradeArabia News Service