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Rules and operation of the 2024 Bourstad Challenge
Rules and operation of the 2024 Bourstad Challenge
  • Participation
  • Securities transactions
  • Prizes awarded
  • Deadlines
  1. Home
  2. Securities transactions

    This section describes all aspects of securities transactions in a Bourstad simulation, both transactions carried out following transaction orders given by participants and transactions resulting from dividends or splits.

  3. Type of portfolios and categories of securities

    The participants in the Bourstad Challenge are divided into two types of portfolios. The selection of securities proposed for the Bourstad Challenge includes 17 categories of securities or financial assets.

  4. List of securities traded in the 2024 Bourstad Challenge

    Link to the securities list of the 2024 Bourstad Challenge for the Bourstad Portfolio and the Bourstad Plus Portfolio.

  • Securities transactions

    This section describes all aspects of securities transactions in a Bourstad simulation, both transactions carried out following transaction orders given by participants and transactions resulting from dividends or splits.

    • Price applicable for a trade on company shares, units of exchange-traded funds, options or currencies

      What market price is used to process buy and sell orders.

    • Price applicable in a transaction involving actively managed investment funds

      At what price is an acquisition or retrocession of units of actively managed investment funds.

    • Type of portfolios and categories of securities

      The participants in the Bourstad Challenge are divided into two types of portfolios. The selection of securities proposed for the Bourstad Challenge includes 17 categories of securities or financial assets.

      • Securities of the Bourstad Portfolio

        Which securities may trade the manager of a Bourstad portfolio.

      • (Additional) securities of the Bourstad Plus Portfolio

        Which additional securities can be traded by the manager of a Bourstad Plus portfolio.

      • List of securities traded in the 2024 Bourstad Challenge

        Link to the securities list of the 2024 Bourstad Challenge for the Bourstad Portfolio and the Bourstad Plus Portfolio.

    • Types of transactions for equities, exchange-traded funds, options and currencies

      What types of transactions can participants make for company shares, exchange traded funds, options and currencies..

    • Types of transactions for actively managed investment fund units

      What types of transactions can participants make for actively managed investment fund units.

    • Limits on short selling

      Participants who want to carry out short selling transactions must comply with certain limitations to this type of operations.

    • Limits on leveraged index fund transactions

      Transactions on leveraged index funds are subject to certain restrictions.

    • Limits on Option Transactions

      Option transactions are subject to certain restrictions.

    • Brokerage fees

      When making a transaction, the participant must pay the brokerage fee.

    • Management and transaction fees for actively managed funds

      What are the fees for participants who purchase units of actively managed funds?

    • Order of processing transactions

      The transaction processing order determines the change in the net cash balance and positions held.

    • Declared cash dividends

    • Stock splits, reorganizations and stock dividends

List of securities traded in the 2024 Bourstad Challenge

Link to the securities list of the 2024 Bourstad Challenge for the Bourstad Portfolio and the Bourstad Plus Portfolio.

https://bourstad.cirano.qc.ca/DL/BT24_list_of_securities.pdf

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