Rules of Play

• Teams are given $100,000 of game money on the first day of the simulation.
• Teams may borrow an additional $50,000 of game money, which will automatically be applied to the account, if needed.
• Teams can trade common stock on the NYSE, NASDAQ and TSX. Some stocks have been blocked from purchase if they are deemed inappropriate for a youth audience.
• Teams can buy stocks that are trading at $2.00 or greater.
• Teams are not permitted to trade the same stock more than 3 times in the same day.
• Teams have to wait at least one hour to sell stocks that they just purchased.
• Each day as a liquidity provision, each team is permitted to purchase up to 20% of the currently daily volume or $10,000 worth of the stock (whichever is higher) minus the total dollar amount of this stock they already purchased this day. (e.g. I want to buy $50,000 of ABC. The current amount of ABC stock that has been traded today (the daily volume) is $100,000. 20% of $100,000 is $20,000. So we are allowed to buy $20,000 or $10,000, whichever is higher. That means we can buy up to $20,000 right now.
• Teams may trade during market open:

  6:35am - 1:00pm PT / 9:35am - 4:00pm ET

• A management fee of $25 is charged for every trade.
• Cash balances earn approximately 2.5% interest and deficits are charged approximately 8% interest.
• All US stocks are converted automatically to Canadian dollars using a fixed exchange rate that is listed on the game page and which is set at the start of each game.
• For stocks which pay dividends, our simulation does not pay out dividends.
• Once a team selects YES to the trade on the confirmation screen, the transaction cannot be reversed or revised.
• We reserve the right to change your team name at any point in the game, for any reason.
• Teams must disclose any unfair advantage in the simulation (i.e., a bug in the game) or this team may be disqualified.
• Any team caught cheating or trying to hack the system will be immediately disqualified. The game designer may pursue legal action against hackers.
• Students must be registered in a class that is currently offering ISP to participate in the simulation.
• If you buy a stock that has a reverse split and then your team owes money when we correct this stock, your team will be given the amount owed in a loan (regardless of the game maximum loan amount). If you buy a stock that does have a stock reversal, you can sell it but keep it as cash if you do not want to incur this as a loan. If you do carry a loan greater than $50,000 but have shares you can sell off to pay this loan down to $50,000, you must sell shares to do this by the end of the next trading day.
• Teams are to report any problems with their accounts (including any password concerns) immediately to .
• The CHAMPION is the team with the top-performing portfolio as of market close, on the last day of trading.