CME Group Announces Winners of 11th Annual Trading Challenge
CHICAGO, March 13, 2014 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced the winners of its 11th annual CME Group Trading Challenge. The four-week electronic trading competition provides teams of graduate and undergraduate students the chance to trade a variety of CME Group products across multiple asset classes. The competition takes place in a simulated trading environment on a real-time professional platform provided by CQG and Dow Jones provides news feeds to inform the students of market events. This year, nearly 400 teams made up of 1,500 students participated in the challenge from 31 countries around the world – a record level of participation.
“Educating the next generation of market participants about risk management is key to ensuring a stable global economy,” said Terry Duffy, CME Group Executive Chairman and President. “The health of our markets depends on attracting the best and brightest talent and our annual global trading challenge is a great opportunity for students to learn hands-on techniques in risk management. This is an exciting industry and a place where innovative people can make a real impact on the world.”
The following winning teams will receive a cash prize and are invited to attend a one-day market education conference with other select participants at CME Group on April 11:
|University – Team Name||Final Simulated Account Balance|
|Universitat Politecnica de Catalunya – Team Ocean Futures||$404,652.50|
|Boston University – Team Lighthouse||$374,535.00|
|Georgia State University – Team Panthers FX Traders||$361,150.00|
|Asia Pacific University of Technology & Innovation – Team Forex Traders||$354,770.00|
CME Group has a long track-record of supporting risk-management education. In addition to offering interactive events like the Trading Challenge, CME Group provides education about the global economy and our markets. Recently, the company launched Futures Fundamentals, an innovative website that explains the role of futures markets in everyday life. The site contains easy-to-understand content that everyone from students to experienced market participants can use. FuturesFundamentals.com takes investing concepts like futures, hedging and speculating and shows how they play an essential role in the world around us. The goal of the site is to make financial education an engaging experience for anyone, regardless of how well versed they are in the world of finance. Additionally, in 2013, CME Group embarked on a partnership with the National 4-H Council to bring a Commodity Carnival game to more than 130 state and county fairs, reaching 50,000 fairgoers with information about managing risk in agriculture.
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.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.
SOURCE CME Group