What is the CME Commodities Trading Challenge?
This challenge is a two-part competition pitting teams of undergraduate and graduate students from such colleges and universities as Brown, Columbia, George Washington, Penn State, Rice, Syracuse, University of Texas at Austin, and Yale against each other. In the electronic trading phase, each team is allocated a mock $100,000 trading allowance to buy and sell crude oil and gold futures contracts. Teams are required to make a minimum of three trades per day using the CQG Trading Platform. After three weeks of trading, the four teams with the top trading account balances advance to a final round and compete for cash prizes and internships. In the second phase of the competition in NYC, individual students train in the techniques of exchange floor “open outcry” trading. After training, they compete in a simulated futures trading session and are judged by NYMEX traders on their ability to fill orders and utilize proper trading techniques. Top traders win cash prizes and internships. Laura Cole is the faculty advisor and she can be contacted at lwallis@utk.edu.
The CME Commodities Trading Challenge team members can be found here.
For further information about the Masters ILC and its program offerings, please contact:
Dr. Laura Cole, Director, Masters Investment Learning Center
Office: SMC 435
Email: lwallis@utk.edu
Developing Mindful Leaders of Worthy Enterprise
Contact Information:
Masters ILC Director:
Dr.
Laura Cole
435 Stokely Management Center
Department of Finance
The University of Tennessee
Knoxville, TN 37996
Voice: 865-974-1715
Fax: 865-974-1716
Email: lwallis@utk.edu