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[IN] FIN EDU HED
[SU] AWD
TO BUSINESS, EDUCATION, AND NATIONAL EDITORS:
Teams from Italy and Canada Tie for First at the Rotman International
Trading Competition at the University of Toronto's Rotman School of
Management
TORONTO, Feb. 26, 2014 /PRNewswire-USNewswire/ -- Fifty-two teams
including 281 student traders, analysts, and risk managers
representing forty-seven different universities across Canada, the
United States, Europe, Africa and Asia participated in the 11th annual
Rotman International Trading Competition (RITC) which was held at the
University of Toronto's Rotman School of Management from February 20
to 22.
When the dust settled after six rounds of trading, two teams
representing LUISS University in Italy and Universite Laval in Canada
tied for first overall in the competition. A team of Master of
Financial Engineering students from the University of California
Berkeley placed third while a team of Master of Financial Engineering
students from Baruch College placed fourth. A team of Bachelor of
Commerce students from the Haskayne School of Business at the
University of Calgary placed fifth.
The RITC utilizes simulated trading cases that closely mimic different
aspects of real world markets -- including those for commodities,
fixed income and options -- as well as particular strategies such as
algorithmic market making. In addition, there were two outcry sessions
which will recreate the traditional trading floors. The competition
was held on the state-of-the-art BMO Financial Group Finance Research
and Trading Lab, which opened last fall at Rotman School.
"Congratulations to all of the teams for their excellent preparation,
enthusiastic participation and exemplary performance," said Marco
Salerno, the manager of the BMO Financial Group Finance Research and
Trading Lab.
"The participants demonstrated their skills making real-time decisions
to manage risks and opportunities associated with complex issues in
financial markets", added Prof. Tom McCurdy, who is the Bonham Chair
in International Finance and Founding Director of the Lab.
The University of Toronto team composing of: Wilson Chen, a Commerce
student at the University of Toronto Mississauga; Leo Guo from
Engineering Science; David Hung and Iffat Kashif who are Rotman Master
of Finance students; and Bowen Xue and Kevin Yang who are both
students in the Rotman Commerce program; finished in the top ten in a
very competitive field.
BP Energy Company was the sponsor of the BP Commodities Trading Case
and CIBC World Markets was the sponsor of the CIBC Yield Curve Trading
Case. Additional financial support for the competition was provided by
Thomson Reuters, Capital IQ and CFA Society Toronto.
The Rotman School's BMO Financial Group Finance Research and Trading
Lab is a fully equipped lab designed to promote experiential learning
in the area of financial markets and data. The competition cases are
implemented over the highly acclaimed Rotman Interactive Trader
application, a market simulation tool being used in over 40
universities and money management firms around the world. Further
information on the lab is available at
http://financelab.rotman.utoronto.ca/
The Rotman School of Management at the University of Toronto is
redesigning business education for the 21st century with a curriculum
based on Integrative Thinking. Located in the world's most diverse
city, the Rotman School fosters a new way to think that enables the
design of creative business solutions. For more information, visit
www.rotman.utoronto.ca.
SOURCE Rotman School of Management, University of Toronto
-0- 02/26/2014
/CONTACT: Ken McGuffin, Manager, Media Relations, Rotman School of Management, University of Toronto, Voice 416.946.3818, E-mail mcguffin@rotman.utoronto.ca, Follow Rotman on Twitter @rotmanschool, Watch Rotman on You Tube www.youtube.com/rotmanschool
/Web Site: http://www.rotman.utoronto.ca
CO: Rotman School of Management, University of Toronto
ST: Canada Italy
IN: FIN EDU HED
SU: AWD
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