CME Group Announces Commodity Trading Challenge Winners
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the winners of the 2013 Commodity Trading Challenge. The four-week electronic trading competition allowed teams of undergraduate and graduate students to trade Crude Oil, Gold and Corn Futures in a real-time, simulated environment on CQG’s trading platform. Nearly 1,500 students from more than 320 schools around the world participated in this year’s challenge.
“We’ve been running the trading challenge for more than 10 years, and it’s a great growth opportunity for students looking at careers in the financial industry,” said Terry Duffy, Executive Chairman and President of CME Group. “We saw participation nearly double this year and are thrilled so many students are interested in learning hands-on techniques for trading futures.”
The following winning teams will attend a one-day market education conference with other select participants at CME Group on April 12, in addition to receiving a cash prize:
University – Team Name ————————————————————– Final Simulated Account Balance
Rice University – “Rice JJRS” ——————————————————– $372,325.00
Polytechnic Institute of NYU – “The Masterminds” —————————– $319,625.00
Escuela de Ingenieria de Antioquia – “MONTEROJO” ———————— $317,640.00
Georgia Institute of Technology – “M.I.R.” —————————————- $316,920.00
Read an interview with the Rice University champions on OpenMarkets.
The sponsors of this year’s competition included: CQG, Dow Jones and Flow Traders.
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