St Mary's College will host the Bond Trader event
Around 180 Transition Year students from seven secondary schools in Dundalk will converge on the Marist St Mary's College next month for Bank of Ireland's Bond Trader event, a team game of stocks, shares, equities, cash and bonds.
The event, which is being held in conjunction with Dundalk Chamber of Commerce, takes places on Tuesday March 6th and while all of the local secondary schools have confirmed their attendance, organisers are calling on mentors to come and take part too.
They are looking for any accountants, solictors or business financial controllers who would be available for the morning to sign up for what should be an entertaining, educational and worthwhile exercise with TY students.
Any of the above who partake on the day will qualify for two hours of Continuing Professional Development from the bank, as a result of offering their time and expertise.
The quiz format - with financial scenarios as opposed to questions - is aimed to give the students a real and practical hands on taste of what bond trading is all about.
"This is the first time Bond Trader has come to Dundalk and it's a first time opportunity for all these students," David Dowling, Bank of Ireland's Community Business Leader for North County Louth told the Dundalk Democrat.
"We want to partner with other local entities and embed Bank of Ireland into the local community, like we have in our Enterprise Town events."
"We're still looking for experts to come and give their time on the day," said Dowling, who asked anyone interested to get in touch with him in the branch on Clanbrassil Street.
"Bond Trader will give the students knowledge of trading floor, the implications of buying shares and the risks associated. It's really competitive, but in a fun way."
The day will begin with coffee and an informal network session for mentors at 9am before the Bond Trader event starts at 9.30am.
The event starts with a 10-15 minute education piece. Teams are then given a mix of assets, a live scenario and the ability to swap these assets to build their ideal portfolio. A team of dealers will facilitate the trades for the participating teams. The events are highly interactive, think the trading floor on the New York Stock Exchange. A team of scorers have a spreadsheet that records who made and lost money after each round. There are 10 different trading scenarios and there is usually a short break after 5 rounds.
Bank of Ireland also run a outh banking programme for primary and secondary schools and sponsor the Junk Kouture competition, which is competed in annually by a host of local schools.