BVG in partnership with Landbou.com, Landbouweekblad, JSE, BKBGrainCo, BVG and Grain SA are launching the 2018 Fantasy Hedging Competition. Registration opens the 22 January to 23 February 2018.
GrainSA will be sponsoring an additional R10 000 to the GrainSA member who comes first.
First Prize R25 000 Second Prize R15 000 Third Prize R5 000 - Terms and Conditions
New functionality has been built where participants can enter their orders which will be executed once the price gets to their trigger price.
The finalists will be announced during Nampo and the winners announcement will take place in August/September 2018 at a prestigious gala event.
BVG has made improvements to the trading software to ensure a more realistic trading experience. BVG will provide all the infrastructure and personnel needed to make the competition run smoothly.
To ensure a level playing field, every participant will have to manage the marketing of 5 000 tonnes of white maize (WMAZ) from a farmer in the Klerksdorp area. The expenses of the producer will be fixed at R10 million and a differential of R270 per tonne will apply. All the contracts are for delivery in July 2018, and therefore all pricing will be done on the JUL18 WMAZ contract as listed on the JSE Derivative Market. Even in the fantasy world we cannot condone rogue trading and wild speculation is strongly discouraged. Do not let greed get in the way of protecting your income. We have put limits in place to prevent participants from committing more than 5 000 tonnes of WMAZ. We want you to use this competition and the wonderful platform that has been created to practise your hedging skills and you will soon find your fear of the JSE Derivatives disappear. Enjoy this fun filled journey and we hope you make lots of fantasy money and gain valuable experience.
1st Prize: Highest Income
2nd Prize: 2nd Highest Income
3rd Prize: 3rd Highest Income
Since it is impossible to simulate the trading environment completely there is room to abuse the simulation model. Therefore BVG® reserves the right to disqualify any participant that we deem to manipulate the system. Participants making use of speculation techniques will also be disqualified. BVG® reserves the right to determine the winner at its own discretion.