Saxon Investment Club, Powered by OneTradex Launches in Schools
October 11, 2017
The ninth annual Saxon Investment Club program for local high school and college students recently launched for the 2017-2018 school year.
Saxon Investment Challenge is an extra-curricular program that allows students to gain practical insights into investing, money, the stock market, stock trends, and starting and running a business. The program runs from October 2017 to March 2018.
Students will benefit from demo accounts set up by OneTRADEx, whose trading platform is built on software that operates in real time and produces reports of investing activities. A team of Saxon coordinators will administer the program.
"Saxon is pleased to have such a great response from Schools this year, we have Cayman Prep, St. Ignatius, JGHS, CHHS, Hope Academy, Cayman International School and Layman E Scott High School participating this year.," stated Brian Williams, CEO of Saxon.
Students simulate real life trades, using an initial sum of $100,000 which they are given to invest. They work in teams and are supervised by teachers who monitor their learning and progress. Monthly prizes are awarded for top performance and at the end of the six-month program, a winning team is selected, based on the highest net value of the investments made. Prizes are as follows: $2500 USD for first place, $1000 USD for second place and $500 USD for third place. The programme is supported by generous contributions & support from Saxon, Silver Thatch Pensions, OneTRADEx and the Ministry of Education, Youth, Sports, Agriculture & Lands.
Saxon is the only wholly Caymanian owned insurance company in the Cayman Islands. The leading insurer of motor vehicles, Saxon also provides residential and commercial property insurance, home contents, business contents, liability and travel insurance. The company offers customers convenient online options to request quotes, purchase insurance and manage their policies, all from its website, www.saxon.ky.
OneTRADEx is the Cayman Islands’ only fully licensed Broker Dealer that offers online discount trading services to individual investors, traders, hedge fund managers, and family offices. OneTRADEx is regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law and have been vetted by FINRA and the CFTC in the U.S.
About Silver Thatch Pensions
Silver Thatch Pensions was established in 1997 to meet the requirements of the enacted Pension Law in the Cayman Islands. It is a defined contribution pension plan and under this programme, employees and their employer make contributions based on the employees’ earnings. The Silver Thatch Advantage offers flexibility and control for members to build wealth on their terms with the opportunity to make additional voluntary contributions selecting from 5 professionally managed portfolios.
Students Michael Webb and Grace Christian-Welcome of St. Ignatius assist Brian Williams (Saxon) with the ringing of the Opening Bell.
Mr. Christen Suckoo – Permanent Secretary & Chief Officer from the Ministry of Education, Youth, Sports, Agriculture & Lands
Full House at Launch Event, hosted by St. Ignatius
Two St. Ignatius High School students – Daniel Champoux and Robbie Rutkowski are the November
team of the month winners in the Saxon Investment Club program for the 2017-2018 school year. Their
team, 'Exponential Growth' had the highest return (20.42%) for the month of November among
Whatever happens, your investment is protected with Saxon’s property insurance policy. Backed by Lloyd's the global insurance leader, your policy is issued by Saxon. We use innovative technology to settle your claims fast.Doing business is always easy with Saxon whether by email, live chat, in-person, or by phone. Saxon is Smart insurance.
In another first innovation in the Cayman Islands insurance market, local insurer Saxon has employed the use of drones for data gathering, imaging and surveying purposes of residential properties that the company insures.
The Saxon Secret Door Party was held on Thursday, March 10th at the George Town Yacht Club was the crescendo of the Saxon Geo Quote Contest which ran from November 2nd, 2015 until February 29th, 2016. The contest was launched when Saxon announced the addition of Property Insurance to their product line.
Saxon uses sophisticated technology to determine vehicle risks called a Rating Engine. The Rating Engine identifies where a customer’s vehicle was manufactured, what the engine size is, various safety features and even what trim options it has because not all vehicles are created equally.
Thirty-seven people participated in the social media promotion. The contest called for Cayman motorists to submit photos of their damaged vehicles to the ‘Saxon Fix My Ride website’. Contestants requested their friends to vote for them and shared their photos. At the conclusion of the contest there were a total of 7000 “likes’ and over 11,000 unique visitors to the contest site
Dozens of high school students will be spending the next six months trading stocks, managing investments and learning about the financial markets, as part of the Saxon Investment Club programme for high school and college students.
World Record holder, Olympic Gold Medalist and arguably the fastest man in the world Usain Bolt touched down at Owen Roberts International Airport yesterday day morning on a Cayman Airways 737 from Kingston Jamaica to unprecedented fanfare requiring crowd control
Attention Wall Street, Bay Street, Portugal and Greece: your future and recovery just might lie in the hands of a handful of student investors in Grand Cayman. That's right - an extracurricular group of young students have found that their investment portfolio is up by more than a hundred percent
One of the Saxon Investment Club groups calling themselves Modern Day Investors would appear to have something to teach the portfolio managers of Toronto, New York and London. More impressive is their leading streak for four months running.
This is the second consecutive year that the Cayman Islands will join the rest of the world in honouring the achievements and positive contributions of men and boys. A generous community donation by Saxon made these activities possible.
Saxon has commenced its annual Drivers Education Programme in partnership between Saxon Motor and General Insurance Company, Prestige Motors, Cico Avis Rental Car Company, the Department of Vehicle and Drivers Licensing (DVDL) and the Ministry of Education.
Saxon is sponsoring the Cayman Islands Motorcycle Riders Associations (CIMRA) 2012 Toy 4 Tots Toy Drive running December 3 through 12, 2012. New, unwrapped toys can be dropped off at Saxon Centre and will benefit local families.
Saxon a wholly owned Caymanian company and the leading insurance provider serving the Cayman Islands have named the grand prize winner of its License To Win contest held during the recent Pirates' Week events; Henry Ferguson of George Town
Based out of Cayman Islands Saxon, have helped finance the FC International football training camp in the Cayman Islands. Founded in 1993, hundreds of youth ages 6 to 16 from across the Cayman Islands have participated in the football camp learning fundamental skills and athletic leadership.
An elite group of students are about to once again prove that it's never too early to start managing your money. This year's Saxon Investment Club was launched on October 1st to local high school and college students ages 14-19;
Saxon (Saxon), a leader in insurance and buy online services, announced today its partnership with Brac Insurance as official partners in Cayman Brac to expand services for the firm's growing customer base in the Cayman Islands.
VVolunteers from the Cayman Islands Animal Humane Society (CIHS) had an incredibly challenging couple of months with storms flooding the shelter areas leaving enclosures uninhabitable for the many cats and dogs living there.
Saxon Motor & General Insurance Company Ltd. began its public school drivers education programme with co-sponsors dms Organisation Ltd., Prestige Motors, Avis, the Cayman Islands Ministry of Education,