"The thinkorswim Challenge gave them an opportunity to learn outside of the walls of a traditional classroom, to test their investing ideas and find opportunities amid whatever turn the market takes." "We're excited for the team from University of North Texas, and we're even more pleased that so many students experienced the markets in real time without fear of failure," said Nicole Sherrod, managing director at TD Ameritrade who heads the firm's young investors program. Prizes were awarded to the three teams whose portfolios had the highest percentage gains in aggregate value at the end of each trading week. Each of the 245 competing teams started with $500,000 in virtual money to invest using the paperMoney® program on the thinkorswim platform. 8 and was open to all students at colleges and universities in the United States. The 2014 thinkorswim Challenge was held from Oct. In addition, TD Ameritrade donated $30,000 to UNT, which will create a fund to benefit the Student Investment Group. TD Ameritrade presented each member of the GoMeanGreen team $3,500 deposited into his own TD Ameritrade brokerage account. A second UNT team finished fourth in the competition.
The team consisted of three undergraduates from UNT's Student Investment Group: sophomore Mason Hendrickson, 27, a finance major from Muskogee, Oklahoma sophomore Bao Lam, 19, a finance major from Houston and sophomore Josue Leija, 19, a finance major from Dallas. The GoMeanGreen team outperformed teams from 96 colleges and universities, growing its portfolio by 213.04 percent and a final portfolio value of $1,565,175.83 at the end of four weeks of trading.
DENTON, Texas (UNT) - Three University of North Texas students are the winners of a nationwide virtual stock trading competition sponsored by TD Ameritrade Inc., a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYSE: AMTD).
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