Voleo Trading Systems Inc. (TRAD:
TSX-V) (“
Voleo”, the
“
Company”), a Vancouver-based Fintech company that
provides a unique twist to stock trading, is pleased to announce it
is powering the 2019-20 Voleo Student Equity Trading Competition
Sponsored by Nasdaq, a leading provider of trading, clearing,
listing, information and public company services.
The Voleo Student Equity Trading Competition
invites college and university students from all across the United
States to form teams within their schools and compete in a
simulated investing competition to earn the top spot on the
leaderboard by achieving the greatest returns. This competition
will be the largest yet, with an available prize pool of US$10,000
in cash trading credit and prizes, including an expenses-paid trip
to New York City to visit Nasdaq and attend a Market Open in Times
Square.
Voleo’s unique B2C investing platform allows
users to form teams right within the app and work together to
propose, debate, and ultimately form simulated investments in
majority-voted equities. The competition will be powered by Voleo’s
SimuTrader platform, which will allow student clubs of three
members or more to manage simulated portfolios of $1 million
together. The in-app watch list capabilities, statistics and
investing data are powered by Nasdaq Basic Data, providing students
with an authentic and engaging investing experience.
The collaboration between Voleo and Nasdaq
provides a unique and valuable platform to support increased
financial literacy, as well as an engaging introduction to the
markets amongst students and Gen Z, many of whom haven’t yet
considered investing in equities before. Student participants and
school ambassadors will also gain broader market experience and
build their professional networks within and beyond the investment
community.
“The 2019-2020 Voleo Equity Trading Competition
is an exciting way for students to learn from their peers, test
what they know or take their first steps towards investing,” stated
Thomas Beattie, CEO of Voleo. “With Nasdaq’s support, we’re able to
create an optimal, fun environment to understand and build
confidence in financial markets,” commented Mr. Beattie.
The Voleo Equity Trading Competition follows
another student-facing initiative powered by Voleo. At the
7th Annual Student Managed Investment Fund Consortium (SMIFC)
Conference, taking place in Chicago October 31/November 1, students
will participate in the “Build a Winning, Long-Term Portfolio with
Voleo” competition. Using the Voleo SimuTrader App, participants
will create a $1 million paper trading portfolio focused on
building a long-term investment strategy. Their portfolios of up to
10 stocks, supplemented by a paper explaining their investment
decision, will be judged to determine the winner.
SMIFC participants are invited to participate in
the Voleo Equity Trading Competition Sponsored by Nasdaq, which
will run from November 2019 – February 2020.
Students can sign up for the competition and
apply to be competition Ambassadors here
(https://www.myvoleo.com/competition/). Team registration is open
until November 15th.
About Voleo Trading Systems
Inc.Voleo is a 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, retain and acquire retail
customers.
For more information on Voleo, please visit our
Investor Relations website at ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”Chief
Executive Officer
Voleo is part of the King & Bay group of
companies. King & Bay is a merchant bank that specializes in
identifying, funding, developing and supporting growth
opportunities in the technology, resource, aviation, and
sectors.
For further information regarding this press
release, please contact:
Investor Relations Contact:Voleo Investor
Relations1-866-684-6730investor.relations@myvoleo.com
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 Trading Systems 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.Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) has reviewed or accepts responsibility for
the adequacy or accuracy of this release.
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