21 August 2017
Find out more

CIBC launches simulated investment challenge

24 August 2001  |  2529 views  |  0 CIBC launches simulated investment challenge

CIBC has launched a 'Beat the Street' investment challenge, designed to provide would-be investors with a simulated online brokerage experience.

The service is being offered by CIBC Investor's Edge, the discount brokerage division of CIBC Investor Services, in partnership with CRM solutions provider Simvest Solutions.

Beat the Street simulates real-life investing within a mock portfolio and provides participants with an opportunity to compete against others based on their ability to increase a fictional portfolio of $100,000 over the duration of the contest. CIBC Investor's Edge is running four, one-month online investment challenge segments from August through to November, 2001 on the discount brokerage's Web site.

"It's all about giving clients the tools and know-how to take control of managing their own investment portfolio. With Beat the Street, investors can practice and nurture their skills and gain practical, hands-on investment experience that may benefit their personal portfolio," says Donna Lalumière, president and chief executive officer, CIBC Investor Services.

More than $20,000 in cash prizes is up for grabs. The winner's mock portfolio must outperform the TSE 300 Index over the Challenge timeframe to qualify for the draw. Other cash prizes will be awarded to randomly selected participants from each of the four game segments and to the participants with the highest overall return on their initial investment over the course of each challenge.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CIBC Internet bank offers $100,000 free money lure

CIBC Internet bank offers $100,000 free money lure

07 August 2001  |  2808 views  |  0 comments
CIBC adds World Markets research to Investor's Edge

CIBC adds World Markets research to Investor's Edge

06 July 2001  |  3247 views  |  0 comments
CIBC launches outsourced corporate PKI service

CIBC launches outsourced corporate PKI service

04 July 2001  |  3645 views  |  0 comments
CIBC begins speech technology roll out

CIBC begins speech technology roll out

27 June 2001  |  3242 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10975 views comments | 24 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9209 views 0 | 5 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9128 views comments | 21 tweets | 26 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9033 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8850 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job