The 21st annual University Trading Challenge had record participation from 24 countries.
Indiana University, based in Bloomington, took first place in the CME Group’s 21st annual University Trading Challenge, officials say. The four-week competition, which had 2,300 students, set a new participation record.
In addition to Indiana University, University Trading Challenge Winners are:
- Second Place: Tecnológico de Monterrey, a private university in Monterrey, Mexico;
- Third Place: ESLSCA Business School in Paris, France;
- Fourth Place: ITESO, Universidad Jesuita de Guadalajara, Mexico;
- Fifth Place: Luiss Guido Carli University of Rome, Italy
Nearly 570 teams from 24 countries representing 180 universities took part in the competition. “Students on the top five winning teams receive cash prizes, if eligible, and all participants from this year’s trading challenge are invited to attend an exclusive one-day, in-person market education event on December 9,” according to CME Group officials.
“Students learned hands-on techniques for trading agriculture, energy, metals, equity indices, interest rates, and foreign exchange futures contracts using CQG’s real-time simulated electronic trading platform. Throughout the challenge, students also received live market updates through Dow Jones newsfeeds and The Hightower Report,” according to CME Group.
CQG sells solutions to market makers, traders, brokers, commercial hedgers, and exchanges. The company’s offerings include systems for trading, market data, advanced technical analysis, risk management, and account administration.
“We are extremely pleased to have had a record number of schools from around the world compete in this year’s University Trading Challenge and congratulate all the winners,” says Anita Liskey, group senior managing director of global brand marketing and communications for CME Group, in a prepared statement.
CME Group’s risk management education offerings include its CME Institute education hub for webinars and videos on trading futures on options markets, as well as a trading simulator, officials say. The company also partners with other industry organizations to offer educational tools such as Futures Fundamentals.
CME Group provides derivatives marketplaces to trade futures, options, cash, and over-the-counter (OTC) markets. The exchanges support a variety of asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.
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