CHICAGO, March 22, 2018 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced the winners of its 15th annual CME Group
Trading Challenge, including the first-place winners from The
University of Texas Rio Grande Valley
(UTRGV).
This year's competition saw participation from more than 500
teams, made up of more than 2,100 students from 37 countries around
the world. The four-week electronic trading competition is open
exclusively to teams of currently enrolled graduate and
undergraduate students, offering them a chance to learn hands-on
techniques for trading futures across all major asset classes on
CQG's real-time professional trading platform. The trading
challenge also helps educate the next generation of finance
professionals on the significance of CME Group's global derivatives
markets.
"Our annual Trading Challenge is a great opportunity to educate
the next generation of finance professionals about the importance
of derivatives markets in today's global economy," said
Anita Liskey, CME Group's Senior
Managing Director of Corporate Marketing and Communications. "We're
pleased to see thousands of students from all over the world
continue to participate and learn about how to trade futures across
all major asset classes."
"We would like to honor the winning team and congratulate all
students who participated in this year's Trading Challenge," said
Ryan Moroney, CQG's President of
Europe and the Americas. "CQG
remains committed to educating the next generation of futures
traders by providing university students from around the world with
the opportunity to make trading decisions based on real- time
data from CME, combined with a real-time news feed and commentary,
and executed with CQG's premier trade routing
technology."
"All my students are excited about the victory – and not just
the members of the winning team," said Bruno R. Arthur, Ph.D., Lecturer II in Economics
& Finance at UTRGV and faculty advisor for the first-place
team. "The Chair of the Department of Economics & Finance, Dr.
Andre Mollick, and I are both
pleased and proud. We've participated in the Trading Challenge for
many years since it's a great complement to our teaching of
financial economics and microeconomics in the classroom. We're
grateful for the continued support of CME Group, and we look
forward to encouraging our students in the Challenge in the
future."
Students on the following top five winning teams will receive a
cash prize and are invited to attend a one-day market education
conference at CME Group in early April.
University
(Country) – Team Name
|
University of Texas
Rio Grande Valley (U.S.)
|
Kansas State
University (U.S.)
|
University of Malaya
(Malaysia)
|
Universidad Jorge
Tadeo Lozano (Colombia)
|
Johns Hopkins
University (U.S.)
|
CME Group provides a wide range of risk management education. In
addition to interactive events like the Trading Challenge, CME
Group partners with other industry organizations to offer
educational tools, such as Futures Fundamentals, a one-stop
educational resource that explains the role of futures markets in
everyday life. 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. Teachers can also find ready-made
economics curriculum and online modules to help teach middle and
high-school students how derivatives work through Discovery
Education's Econ Essentials.
Students learned about market events by accessing live Dow
Jones newsfeeds and The Hightower
Report.
As the world's leading and most diverse derivatives marketplace,
CME Group (http://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
products and metals. Around the world, CME Group
brings buyers and sellers together through its CME Globex®
electronic trading platform. CME Group also operates one of
the world's leading central counterparty clearing providers
through CME Clearing, which offers clearing and settlement
services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group products and services
ensure that businesses around the world can effectively manage risk
and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. Dow Jones, Dow Jones Industrial Average,
S&P 500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective owners
CME-G
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SOURCE CME Group