ACY’s Trading Cup Grand Final Champion Wins $63k with a 71% Gain in 1 Hour

ACY Securities delivered its 3rd Trading Cup Grand Final event on Friday night, which was hosted from their headquarters, ACY Tower in Sydney as a live virtual event.

With a record audience of nearly 30,000 viewers tuning in to watch the live action and record engagement across their social media channels, the event was hailed as a great success.

Leading up to the Grand Final, gold dropped significantly on the back of a huge bullish run on the US dollar and the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term started to fiercely build up. This set the scene for what would ultimately become a rollercoaster ride to the finish line.

Never before have we seen more markets on potential breakout levels, with the most actively traded instrument of the competition, gold, surging on the night.

Commenting on the Grand Final, Ashley Jessen, ACY’s Chief Operating Officer said the winner (Mr. Haibo Wang) made the largest percentage gain in the history of the contest and that he had never seen such an exhilarating display of raw talent.

“I've had the chance to witness the last two Trading Cups live, and this year's grand final was the most exhilarating display of raw trading talent, under extreme pressure, that I've ever seen. The top four competitors jockeyed around the largest percentage gains in our three-year history, until the final victor, Haibo Wang, came through triumphantly, hitting 71% in gains in an hour. Simply incredible,” said Mr Jessen in an interview yesterday.

The 2^nd place winner, Mr Xun Gong won $US18,000 with an impressive 51% gain and the 3^rd place winner, Mr Mao Long Yang took home $US9,000 with a very respectable 33% gain. All three winners traded gold.

Trading Cup gave away atleast $US150,000 in prize money throughout the 6-month competition.

If you missed the live stream on Friday night, visit tradingcup.com to watch the full replay.

Alternatively, tune into ausbiz.com.au to watch the Grand Final Highlights on Thursday February 11^th at 7pm AEST.

The Trading Cup Grand Final was hosted by the renowned ausbiz TV presenter and former Sky News Business anchor Nadine Blayney and featured recently appointed Order of Australia recipient and ACY Securities Brand Ambassador Tim Cahill, AO.

Want to learn more about the Trading Cup, how it works, and the history of the competition? Watch the exclusive interview with Australia’s favourite TV host, David Koch.

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.