UQ Business School at Rotman

UQ Business School students last week placed 11th in the Rotman International Trading Competition hosted by the University of Toronto, Canada. Up against teams from 36 universities including US teams from Harvard, MIT, and Northwestern University, and teams from the China Europe International Business School (CEIBS) and the UK’s Cass Business School, the UQ Business School team finished 3rd in the challenging sales and trader case. Team manager Dr Jason Hall accompanied the team of Tristan Fitzgerald (Sunnybank Hills), David Costello (Sunnybank Hills), Jessica Jouning (Redland Bay) and Paul Schneider (Yeronga). The students are part of the Commerce Honours program. Dr Hall said participants in the second challenge – a sales and trader case – were required to trade equities by making a market for institutional investors and proprietary trading. “The team did brilliantly to come in third – especially coming back from a disappointing 25th place in the first round credit risk case,” he said. “The aim of the credit risk case was to trade corporate bonds whose fair value was a function of credit rating, probability of default, and recovery value.” “The team finished 20th in the quantitative outcry case in which participants traded stock index futures contracts in a trading pit. Trading pits still operate in some commodities markets.” “The team made further ground trading gas futures contracts, in a case designed by major sponsor BP, to achieve an overall rank of 11th,” he said …
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