Stock Shark – a stock market game with virtual money
The game will run from 7 October to 1 November 2019.
Registration available from 23 September to the end of the game.
If you are already an LHV customer or you have an LHV user account, log in and create a simulated portfolio. If you are not an LHV customer and do not have an LHV user account, register as an LHV user and open a player account.
How to play?
Each player starts with 10,000 dollars play money. An additional 1,000 dollars is added to the account every business day until the game ends.
Object of the game
Participants try to maximize the size of their portfolio value by the end of the game by making investments.
The winner is the participant who has the securities portfolio with the highest market value at market close on 1 November 2019.
How to buy and sell stocks?
- Grand prize of 2000 euros
- A book on investing
- Six month digital subscription to Äripäev or Delovye Vedomosti
Best school-age finisher (19 and under)
- 200 euros
- A book on investing
- Six-month digital subscription to Äripäev or Delovye Vedomosti
- 1000 euros for the player whose portfolio gains most in value during the week
- 100 euros for the school-age player whose portfolio gains most in value during the week
Rules and conditions
1.1. The stock exchange game Stock Shark 2019 (hereinafter the ‘Game’) enables players to invest virtually in US stock exchanges.
1.2. The Game will run from 7 October through 1 November 2019 (inclusive). One can sign up for the Game beginning two weeks prior to the start of the Game, and continue to do so until the end of the Game (23 September – 1 November).
1.3. At the start of the Game, your virtual portfolio (hereinafter Portfolio) contains USD 10,000. Each working day, USD 1000 will be added.
1.4. The objective of the player is to achieve the maximum value of his or her portfolio by investing. The winner of the Game will be the owner of the portfolio with the highest market value as at the end date of the Game, that is, as at the close of the trading day on 1 November.
1.5. The Game is organised by AS LHV Pank (hereinafter ‘LHV’ or the ‘organiser’). The playing environment is located online at lhv.ee/hai.
1.6. By joining the game, the player certifies he/she has reviewed and accepts these terms and conditions.
Participation and registration
2.1. The stock market Game is open to everyone who agrees to these terms and conditions.
2.2. LHV’s employees may also participate in the game; however, they are not eligible for prizes.
2.3. To participate in the stock market Game one must register as a user of LHV and create a stock market portfolio, in which there is USD 10,000 of playing money, or a start-up portfolio of equivalent value prepared by the organiser.
2.4. The start-up portfolio is comprised as equally as possible of the five largest shares on the S&P 500 index (Microsoft, Apple, Amazon, Facebook, and Berkshire Hathaway).
2.5. The portfolio is prepared based on the prices at the end of the trading day on 4 October 2019. Therefore, the participant is taking the risk that the value of the portfolio could be either lower or greater than USD 10,000 in virtual money at the start of the Game.
3.1. The state of the Game can be kept track of at the address lhv.ee/en/shark.
3.2. The scoreboard is updated each working day, with the top 50 players identified with their full names.
3.3. The scoreboard is prepared each working day at 7.00 in the morning.
3.4. It will be possible to follow the intraday transactions of the top 10 portfolios.
3.5. Any LHV staff in the rankings shall be marked accordingly and are not eligible to compete for prizes.
4.1. The prizes in the game are divided as follows:
4.1.1. Grand Prize – the prize for the portfolio with the highest market value is EUR 2000, an investment book and a six-month subscription to the digital version of Äripäev or Delovõje Vedomosti.
4.1.2. Youth Prize – the prize for the portfolio with the highest market value is EUR 200, an investment book and a six-month subscription to the digital version of Äripäev or Delovõje Vedomosti.
4.2. We consider young people to be those players who are not older than 19 years of age at the start of the Game (7 October 2019).
4.3. If the young person achieves the best overall result and wins the grand prize, the youth prize will be presented to the young person having achieved the next best result.
4.4. Weekly awards
4.4.1. EUR 1000 to the portfolio of the competitor who has grown their portfolio the most during the week;
4.4.2. EUR 100 to the portfolio of the young person (up to 19 years of age, incl.) who has grown their portfolio the most during the week.
4.4.3. Weekly prizes will only be awarded at the end of the first three weeks of the game.
4.5. The organiser will contact the prize winners once the Game has ended.
4.6. The weekly award is presented on a running basis during the Game.
5.1. Transaction orders may be issued via the Game environment at lhv.ee/en/shark.
5.2. The playing environment is in Estonian, English and Russian.
5.3. Players have the opportunity to submit limit price and market price orders.
5.4. Transaction orders may be issued around the clock.
5.5. When transaction orders are issued, the amount in the player’s account is reserved, using the latest current share price in the system and the current currency mid-market rate.
5.6. The service charge on transactions in the stock market game is 0.1% of the transaction amount.
5.7. Orders directed towards the US market at market prices are completed approximately 20 minutes after the order is issued, at the latest price on the market.
5.8. In the case of a limit price order directed towards the US market, the limit price and the latest transaction price have to match.
5.9. Any delayed transactions shall be completed in three minute intervals, and therefore an additional delay of up to three minutes may occur. A transaction may be delayed if the limit order cannot be met due to market conditions.
5.10. If the final price of the share is missing, the order shall remain on hold until the end of the day and shall be cancelled if the final price has not been provided.
5.11. On US markets, both purchase and sales transactions are performed at the latest prices.
Timetable of actions
6.1. The game runs on business days, as stock exchanges are closed on weekends. At 7.00 the market values of portfolios are calculated and the rankings compiled. At 16.30 trading begins on US markets. At 23.00 ends the entry of orders on US markets for a given day.
6.2. Transaction orders that are entered after the last opportunity for entering orders for the current day will be postponed until the following trading day.
6.3. Shares in the portfolio are re-valued on the morning of the following day, based on the closing prices of the previous trading day.
6.4. The value of the portfolio is calculated as the total value of the shares and of the available funds in the account.
6.5. Should the cash balance be negative at the end of the day, it will be deducted from the amount transferred into the account on the following day, and from the market value of the shares when the game ends.
7.1. Trading may only take place with stocks found in the Standard and Poor’s 500 index, to which the following stocks selected by the organiser have been added: Beyond Meat, Tesla, Alibaba, Uber, and Slack.
7.2. The list of stocks is published prior to the start of the Game in the Game forum.
7.3. The organiser of the Game has the right to change the list of shares at a later date.
7.4. Transactions which could not have been realised in reality (for example, the purchase or sale of stocks for which trading has been suspended) are prohibited and the organiser of the Game has the right to cancel such transactions.
7.5. Any transactions that are linked to abnormal prices on the stock exchange will also be cancelled. It is forbidden to manipulate the market to achieve a better position.
The rights and obligations of players
8.1. In case there are any misunderstandings or problems, players shall have the right to contact the organiser at email@example.com.
8.2. In their actions, players must abide by the rules of the Game and the principles of fair play.
8.3. Disputes concerning any violations of the rules shall be decided by means of a survey in which all players may participate.
8.3.1. The survey is performed in the environment lhv.ee/hai and players are informed of it in advance, in the Game’s forum.
8.4. Players must use their actual given name and surname when registering as LHV users.
8.5. Any player that has registered using an incorrect given name or surname will lose their right to compete for prizes.
8.6. The player’s user name and portfolio name may be selected freely, but must not conflict with good morals and practices.
8.7. When registering for the Game, the player provides the organiser with the right to publish the player’s name, username and portfolio name, along with the content of their portfolio and transactions, and is aware and agrees that his or her personal data will be processed in accordance with the principles governing the processing of LHV’s client data. Portfolio details of the top 50 players will be published on LHV's website until the next year's game.
8.8. The winner of the Game undertakes to participate in interviews performed by the organiser.
The rights, obligations and liability of the organiser
9.1. The organiser is entitled to make amendments or additions to these terms and conditions by providing notice thereof in the Game environment.
9.2. Among other things, the organiser is entitled to amend or supplement the price serving as the basis for the transaction order, the price underlying the portfolio revaluation and the list of securities traded in the game.
9.3. The organiser is entitled to remove a player who is in breach of the rules from the Game.
9.4. The organiser of the stock market game shall not be liable for any inappropriate or incorrect information, whether it is due to actions of a participant in the Game or the provision of information to them, or programming-related technical or human errors that interfere with the running of the game.
9.5. The organiser shall not be liable for any consequences resulting from errors, interruptions, deletions, operation or information exchange delays, communication line faults or access by any unauthorised persons in the Game.
9.6. The organiser of the Game shall not be liable for any consequences arising due to the non-functioning of telephone networks or lines, computer networks, software, e-mail or Internet connection.
9.7. The organiser of the Game undertakes to respond to any obstacles that occur and to make its best efforts to remove those obstacles.
9.8. Should the Game be interrupted due to technical issues, the organiser of the Game will not enable the execution of additional or late orders.
Frequently asked questions
Until 1 November 2019.
Starting 7 October, a complete starter portfolio cannot be chosen because the game is already underway. You can only choose simulated money.
7 October at 16:30 Eastern European time. The US markets are open from that time to 23:00.
If you have any questions, please call Äripäev at 667 0099 or write to firstname.lastname@example.org
Orders in Börsihai are executed at 3-minute intervals. If the order is already in the cycle, it is not possible to cancel. At best, you will have 3 minutes to make a change.
At 7 in the morning of each business day, Estonian time.
Your position in the rankings in the week before.
No, prize winners are not liable for income tax and it is not counted toward annual income.
The rankings display the participant’s place with the portfolio name.