Voleo and Nasdaq Join Forces to Launch Student Equity Trading Competition
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2019) - Voleo Inc. ("Voleo", the "Company"), is pleased to announce it has joined with Nasdaq to promote financial literacy and market access through a continued engagement with students.
Voleo and Nasdaq will collaborate to engage university students across North America to compete in a Student Equity Trading Competition, where winners can win cash prizes, and a chance to attend a Market Open at the Nasdaq MarketSite in Times Square, New York.
The Equity Trading Competition introduces university students to the stock market and creates opportunities for practical experience in investing in equities. Using Voleo's SimuTrader platform, the clubs will manage simulated portfolios of $1 million. The competition enables investor/trader teams of three or more to form or join an investing club on Voleo, and leverage Nasdaq Basic Data to power the investment decisions.
The competition ends in April 2019. In addition to their share of the $5,000 cash prizes and portfolio bonuses, the top teams and investors will be hosted by Nasdaq for a tour of their Market Site and Market Open in Times Square, New York.
Voleo and Nasdaq introduced the competition with impressive results in 2017-18. Winning teams achieving between 15% and 37% in returns over the inaugural competition's two-month duration. Following the success shown by the participation and enthusiasm for the stock market, the competition has been established as an annual event.
"We are thrilled to team up with Nasdaq to provide students with an opportunity to invest in their futures," stated Thomas Beattie, CEO of Voleo. "We understand that there's a steep learning curve to understanding financial markets, and our organizations are both strong believers in building financial literacy. The social experience and gamification of our platform have helped students build confidence in the financial markets, and we've made updates to the product that really make investing fun," commented Mr. Beattie.
Michael Taylor, Director of Global Information Services at Nasdaq, stated, "At Nasdaq, our mission includes encouraging greater market participation through education and access to market data. We believe that Voleo's SimuTrader platform, combined with Nasdaq data, will provide students with a real investing experience that is innovative and social."
About Voleo Inc.
Voleo is a Canadian-based mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo's equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage and retain a new category of investors.
Chief Executive Officer
For further information regarding this press release, please contact:
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Inc's (the "Company") future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company's go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company's business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company's business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company's current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company's expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43167