A team of Stirling Management School students have demonstrated their trading prowess by finishing in 27th place from the 595 teams that competed in the 2017 CME Group Trading Challenge. Organized by the world's leading market place for financial derivatives, the Chicago Mercantile Exchange (CME), this year saw 2,383 students from 242 universities, spread across 35 countries, participate in the online competition. The Stirling students are studying for the MSc in Investment Analysis, a Program Partner of CFA Institute, the leading global body of investment professionals.
In the Challenge, University students from around the world traded a variety of futures contracts using live data in a simulated environment. Students were allocated an initial, notional sum of $100,000 to trade futures contracts linked to the prices of commodities such as corn, live cattle, crude oil, and gold. Profits were made from correctly predicting whether prices would rise or fall. Stirling’s “A-Team” team grew their initial capital through astute trading and qualified for the final round of the Challenge in which they traded $250,000. As a result of their success they have been invited to the CME Group Day of Market Education Conference in Chicago later this month.
The Leader of “A-Team”, Giacomo Tramonti, commented: “It was a priceless experience to participate in the CME Group Trading Challenge this year. We had the opportunity to learn how to trade futures contracts on a professional platform, in real time. Moreover, the period in which we traded was filled with important political moments, which we used to our advantage: it was exciting to jump on the Trump trades and to trade when decisions were made in the UK about the nature of Brexit. Overall, I feel that this experience will be very helpful when looking for jobs in the financial sector.”
MSc in Investment Analysis Course Director Dr Kevin Campbell said: “The students deserve praise for combining their studies with daily involvement in the competition and for reacting quickly to changing market circumstances.”
Members of the Stirling “A-Team”, from left to right, are: Li Yang (China), Team Leader Giacomo Tramonti (Italy), Yinan Li (China) and Guillaume Gregoire (Belgium).