Simvest Solutions Launches Educational Market Simulation Site With Multex.com
TORONTO & NEW YORK–(BUSINESS WIRE)–March 19, 2001
Simvest(TM) Solutions, the global leader of interactive investor education, today launched a simulated online investing environment with Multex.com, a global provider of investment information and technology solutions to the financial services industry. The simulation, called the Multex Investor Challenge, is featured on two of Multex’s consumer sites – Multex Investor and Market Guide – as an ongoing education tool that will allow individual investors to test investing strategies and build their confidence over time. The Multex Investor Challenge is located at www2.investmentchallenge.com/multex.
“By combining our simulation with Multex.com’s content, we offer investors an unmatched environment to put market information into practice,” said Chris Chandler, chief executive officer of Simvest Solutions. “We are gaining impressive momentum with our approach as curious investors continue to embrace the idea of trial and experimentation as part of their investment strategies.”
The Simvest free service provides participants a simulated $100,000 password-protected portfolio from which they can simulate placing market, stop and limit equity orders; placing put and call options; and buying equities on margin. Simvest goes to great lengths to ensure the integrity of the educational experience by incorporating realistic features into its simulations, such as commissions, real-time quotes, confirmations, and daily account reconciliation of positions including splits and dividends.
Multex Investor and Market Guide users will be able to place simulated trades on all of the major U.S. equity and option exchanges. Simvest also provides trained personnel to assist participants in the simulations with questions related to investing mechanics and terminology.
“Now individual investors can experiment with, and track new investment strategies without having to risk their own money,” said Jay Yook, General Manager of Multex Investor “Simvest is an great decision support tool which will allow our users to develop their investing expertise and better understand how Multex Investor’s brokerage research and Market Guide’s company information can help them make informed investing decisions.”
In addition, Multex has entered into an agreement to make available its comprehensive investment research and company information across Simvest’s network of challenge sites.
About Simvest(TM) Solutions
Simvest(TM) Solutions (www.simvestsolutions.com) is a global leader in creating better investors by teaching responsible, self-directed investing through a motivational and educational risk-free investing environment. The company established its roots in 1994, working in academic communities to sharply hone its mission of providing a high-value educational experience designed to create better investors. The Simvest Solutions network of clients includes a cross-section of 60+ innovative, widely known and respected names in eFinance and education. The company operates in the U.S., Canada and the U.K., with plans to further expand in key international markets. For more information on Simvesting(TM) visit www.simvestsolutions.com.
Multex.com, Inc. (http://www.multex.com) is a global provider of investment information and technology solutions to the financial services industry. Headquartered in New York, the company also has offices in London, San Francisco, Edinburgh and Hong Kong.
The Multex.com brands include:
–MultexNET(r) – research, morning notes, earnings estimates and stock screening application for professional investors;
–MultexEXPRESS(r) – customized solutions for professional users on the buy-side and sell-side, including BuzzPower collaboration and messaging platform;
–Market Guide – information products for the financial services industry; and
–Multex Investor Properties – (http://www.multexinvestor.com, http://www.marketguide.com, http://www.sageonline.com) provides qualified retail and high net worth individual leads for our brokerage, banking and institutional clients.
This press release includes forward-looking statements that are based on our current expectations and projections about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions about Multex.com that could cause actual results to differ materially from those in such forward-looking statements. Reported results should not be considered an indication of future performance. Such risks and uncertainties are described in the periodic reports Multex files with the Securities and Exchange Commission. Multex undertakes no obligation to update any forward-looking statements contained in this press release.
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