In a bid to grow public participation on the Johannesburg Stock Exchange, the JSE has launched an online trading simulator which will allow aspirant traders to test a range of JSE products, in a risk-free environment.
This simulated trading platform, dubbed the JSE Virtual Trader, is hosted on the JSE website. Registered users are able to trade any of the JSE's suite of products, on a real-time basis. Utilising virtual cash and a 15 minute delayed price feed, members of the public can now experience the world of trading through investing, hedging and speculating. Traders can test their investment strategies and track a virtual portfolio created from any the JSE asset classes. The user will have the benefit of experiencing how various products on the exchange are priced, traded, risk-managed and settled on a daily basis, all within a risk-free environment.
"The JSE Virtual Trader is aimed at individuals who understand the basics of investing but who have not yet opened a trading account and those who want to expand the product range that they use. For example, investors interested in derivatives can practise their trading strategies here before committing any capital," says Anthony Leibrandt, Manager: Bonds & Financial Derivatives at the JSE.
The JSE Virtual Trader is open to all members of the public at no cost.