March 6, 2017
Toronto, ON – For the second year in row a team from the Master of Financial Engineering program at Baruch College in New York City has won the Rotman International Trading Competition. The 14th annual edition of one of the world’s preeminent trading competitions was hosted by the University of Toronto’s Rotman School of Management from February 23 to 25.
Teams representing 52 different universities from across Canada, the United States, Europe, Africa and Asia participated in the competition which took place in the Rotman School’s BMO Financial Group Finance Research and Trading Lab and utilized the Rotman Interactive Trader, an order-driven market simulator, which was developed in-house at the Rotman School.
Placing second overall was a team from the University of Calgary while a team from LUISS Guido Carli University of Rome continued a string of strong performances by finishing third. A team with representatives from the Rotman School’s Master of Financial Risk Management and UofT’s Master of Financial Engineering, Computer Science, and UTSC Bachelor of Business Administration programs placed seventh.
In the individual cases LUISS Guido Carli University of Rome was the top performer in the Volatility Trading Case; University of Waterloo came out on top in the Credit Risk Case; Baruch College won the Algorithmic Trading Case; HEC Montréal was the top performer in the Flow Traders ETF Case; University of Connecticut won the Quantitative Open Outcry Case; and the University of Calgary was first in the Commodities Case.
BP was the main sponsor of the competition and also sponsored the BP Commodities Trading Case. Other case sponsors included Flow Traders, MathWorks, and S&P Global Market Intelligence. DRW Trading Group was a bronze sponsor.
The Rotman School’s BMO Financial Group Finance Research and Trading Lab is designed to promote experiential learning in the area of financial markets and data. The competition cases are implemented on the highly acclaimed Rotman Interactive Trader application, a market simulation tool being used in over 50 universities and financial institutions around the world. The Lab is utilized by classes in many of the Rotman School’s programs including its Master of Finance, Master of Financial Risk Management, MBA and Rotman Commerce programs. Further information on the lab is available at http://financelab.rotman.utoronto.ca/
The Rotman School of Management is located in the heart of Canada’s commercial and cultural capital and is part of the University of Toronto, one of the world’s top 20 research universities. The Rotman School fosters a new way to think that enables our graduates to tackle today’s global business and societal challenges. For more information, visit www.rotman.utoronto.ca.
Manager, Media Relations
Rotman School of Management
University of Toronto