A team of six, consisted of three postgraduate and three undergraduate students, from the Department of Economics and Finance (EF), accomplished great results in the Rotman International Trading Competition (RITC) 2017. The competition, hosted by Rotman School of Management at the University of Toronto, was held from 23rd to 26th February in Canada.
The CB team competed with 52 other teams from leading universities around the world in six areas, namely, Flow Traders ETF, BP Commodities, Volatility Trading, S&P Global Credit Risk, MathWorks Algo and Quantative Outcry. The team, which was advised by Dr Zhong Zhang, Assistant Professor of the EF Department, remarkably got the 2nd place in the algorithmic trading case and 9th in the global credit risk case.
The students who represented CB are:
One of the team members, Taoran, said, "It was a valuable experience for the team, especially we were able to meet so many competitive teams from other universities, and learn from them. This experience would be helpful to prepare for future competitions. I know we can do better next time."
The competition took place in the trading laboratory at Rotman School of Management, where exciting market simulation was carried out. The participating teams were able to study and analyse the electronic and outcry trading cases, to provide solutions, and to make decisions on the cases through an order-driven market simulator. Apart from the contest, students also enjoyed cultural activities and dialogue sessions with industry practitioners and other competitors around the world.