“Genius is one percent inspiration andninety-nine percent perspiration.”Thomas A. Edison
First Prize from ThaiBMA Bond Star Challenge 2009CompetitionsAfter the seminar was completed, the participants took a test on what they have learnt. Only the top 25teams who got the highest scores would pass to the final round. In the final round, each team competedwith each others in a virtual bond market using bond trading simulator program. Each team acted as atrader in this virtual market, which consisted only of other 24 teams, and a market maker. Each team wasgiven 50 million Baht start-up capital to invest. In this virtual market, there were many kinds of bonds likein the real world, including government bonds, corporate bonds and T-bill. The final competition wasdivided into 3 sessions of 15 minutes each, covering a virtual trading period of one full year. Teams wouldtrade according to the market information, which was given periodically throughout each trading session.The team that generated the highest trading profit won.The top three winning teams would get awards in form of T-Moneyinvestment unit, a capital market mutual fund managed by Thanachart.For the first price, the award is Baht 50,000 T-Money investment unit,and Baht 30,000 and Baht 20,000 for the second and the third price,respectively. This year, the first price went to Bond Berry Team from<strong>Thammasat</strong> University, which consisted of three senior students from<strong>BBA</strong>#15. The team members are Patcharachai Puttikulsathit, SunapaSangnapaboworn, and Nutnicha Sankosik. The second, third prizewent to teams from MIF <strong>Thammasat</strong> and NIDA while the fourth andfifth ranking went to teams from <strong>BBA</strong>#16. The awards were given bythe Finance Minister.The third annual “ThaiBMA Bond Star Challenge 2009”was jointly arranged by ThaiBMA and Thanachat Group.The purpose of the competition is to provide anopportunity for university students to learn about thebond market, and to develop the skills that are necessaryto work in this business.This year, the participants in this highly competitive eventincluded top students from all the leading universities inThailand, such as <strong>Thammasat</strong> university, Chulalongkornuniversity and NIDA. Each of the 115 teams that participatedin this competition consisted of three students fromthe same faculty and university. After submitting theapplication in early October, candidates were given aone-day seminar on the bond, the bond market and thebond trading strategies.From participating in this competition, we learned a lotabout bonds through the seminar and activities, especiallythe trading simulator. We gained experience in bondtrading, and learned what skills are needed. The finalround was quite short and stressful. Each team had toanalyze and react fast to the news. The rank of each teammoved up and down quickly so everyone was excitedthroughout the 45 minute. We have a lot of fun and we getone of the most valuable experience.2