Student Traders from Baruch College Win 13th Annual Rotman International Trading Competition

Feb 22, 2016, 10:49 ET from Rotman School of Management, University of Toronto

TORONTO, Feb. 22, 2016 /PRNewswire-USNewswire/ -- A team of students from Baruch College in New York City won the 13th annual Rotman International Trading Competition (RITC), which wrapped up on Saturday.

The team, drawn from students in the College's Master of Science in Financial Engineering program, prevailed in the competition defeating teams which represented 52 different universities from around the world.

The Competition took place in the BMO Financial Group Finance Research and Trading Lab at the University of Toronto's Rotman School of Management and utilized the Rotman Interactive Trader, an order-driven market simulator, which was developed in-house. Over a two and a half day period teams participated in various activities including electronic and outcry trading cases, seminars with industry practitioners, and social events with their fellow competitors.

A team from LUISS University in Italy narrowly missed winning the competition for the third consecutive year placing second, while a team from the Haskayne School of Business at the University of Calgary finished third.

Individual prizes were also awarded for the winning teams of individual trading rounds. University College Dublin won the Quantitative Open Outcry Case; University of California, Berkeley and Baruch College were tied for first in the BP Commodities Case; LUISS University of Rome came out on top in the MathWorks Algo Case; University of Calgary was the top performer in the S&P Capital IQ Equity Valuation Case; and Baruch College won the Sales and Trading and Credit Risk Cases.

"Congratulations to all of the teams for their excellent preparation, enthusiastic participation and exemplary performance," said Rotman Prof. Tom McCurdy, Founder and Director, BMO Financial Group Finance Research and Trading Lab. "I'd also like to thank RITC Director Marco Salerno, Assistant Director Eric Kang and co-organizers Paige Franzoi and Filip Pejic as well as all of the lab assistants and competition volunteers. In addition, I am grateful to our sponsors and my faculty colleagues, including Dean Tiff Macklem, for their support."

BP Energy Company was the sponsor of the BP Commodities Trading Case and was also the main Gold sponsor.  Silver level sponsors were S&P Capital IQ and MathWorks. Additional support was provided by DRW Group, BMO Capital Markets and Enwin Fintech Limited.

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 45 universities and financial institutions around the world. Further information on the lab is available at  

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SOURCE Rotman School of Management, University of Toronto