February 18, 2014
TORONTO, ON – More than 270 student traders from around the world will gather later this week in Toronto to participate in the 11th annual Rotman International Trading Competition (RITC). The world’s largest trading competition will be held from February 20 to 22 for the first time in the newly established BMO Financial Group Finance Research and Trading Lab, which opened last fall at the University of Toronto’s Rotman School of Management. Fifty-two teams from universities as far away as Egypt, Thailand, Hong Kong and Italy will participate along with teams from across Canada and the United States.
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 will be two outcry sessions which will recreate the traditional trading floors.
BP Energy Company is the sponsor of the BP Commodities Trading Case this year and CIBC World Markets is the sponsor of the CIBC Yield Curve Trading Case. Additional financial support for the competition is provided by Thomson Reuters, Capital IQ and CFA Society Toronto.
The Rotman School’s BMO Financial Group Finance Research and Trading Lab 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.
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