CME Group Announces Commodity Trading Challenge Winners03.25.2013
CHICAGO, March 25, 2013 /PRNewswire/ — 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.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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SOURCE CME Group