The game, developed in association with Finance Media Europe, can be found at web site careersatdrkw.com .It will run for a total of 9 weeks until 15th March 2002.
To be eligible for prizes, either as an individual or a representative of a University Society, all players must have registered and traded in the Webtrader game by 15th February and must be studying at University for the duration of the game.
The game works as follows: each player of Webtrader will be given a fantasy Euros 20,000 starting fund from which they must manage a virtual portfolio of shares of listed European companies in the Webtrader stock market. Players can trade as often as they wish, but must trade in at least 5 stocks over the course of the game and hold over 80% of their portfolio in Webtrader listed shares. Real market data feeds from the London, Frankfurt and Paris stock exchanges are accessible via the Webtrader site to assist players in their investment decisions. The prize for the player with the largest fund at the end of the game is Euros 10,000. Runners-up cash prizes will also be awarded.
Terence Perrin, Vice President of Human Resources at DrKW, comments, "The Webtrader game allows players to experience the real challenge of managing a portfolio of shares in simulated conditions but without any of the normal risks or costs associated with investment dealing of this nature."
He added, "We are always looking to broaden our reach to potential candidates for graduate positions here at Dresdner Kleinwort Wasserstein. We felt this would be an innovative way to encourage students perhaps with little or no knowledge of financial markets to develop a taste for what is involved in a career as a trader."
Dresdner Kleinwort Wasserstein
Tel: +44 (0)1276 686928