Toronto – After three days of trading, a team from the University of Calgary’s Haskayne School of Business has won the Rotman International Trading Competition (RITC) held at the University of Toronto’s Rotman School of Management.
In its 15th edition, RITC, which ran from February 22 to 24, attracted 420 participants including; student traders, analysts and risk managers representing 51 different universities from across Canada, the United States, Europe, Africa and Asia; 49 faculty advisors; and 42 sponsor representatives.
The Haskayne School team performed with remarkable consistency throughout the competition by placing in the top five in each of the six cases covering very different challenges. Team members included Joel Adams, Parminder Dhami, Brandon Hrycenko, Ian McKenzie, Tom Widdowson, and Caden Surbey and they were advised by Profs. Gordon Sick and George Hart.
A team from Wilfrid Laurier University placed second this year while Université Laval placed third. The University of Toronto team placed fourth with team members; Binya Xu and Xizheng Li from the Rotman Master of Financial Risk Management program; Andrei Toma and Artur Yurovskikh from the Master of Financial Economics program; and Vlad Kovalenko and Ilya Mishaniou from the Commerce Program at the University of Toronto Mississauga.
The competition was held 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. Teams will participate in various activities including electronic and outcry trading cases, seminars with industry practitioners, and social events with their fellow competitors.
BP Energy Company was the main gold sponsor of the competition and also sponsored the BP Commodities Trading Case. Other silver case sponsors included Flow Traders, MathWorks, S&P Global Market Intelligence, and Schonfeld Strategic Advisors. Bronze sponsors included OptionMetrics, WorldQuant, the Rotman Master of Financial Risk Management program, and TD Securities.
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 60 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
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For more information:
Ken McGuffin
Manager, Media Relations
Rotman School of Management
University of Toronto
Voice 416.946.3818
E-mail mcguffin@rotman.utoronto.ca