We have some strong Traders returning from last year and some promising new Traders.
BP Canada assisted us with the competition. It provided food, as well as prizes for the top traders. This year, they awarded two prizes of $1000 each for the top traders.
This competition uses our Haskayne licence to the Rotman Interactive Trader (RIT) software to simulate trading environments in stocks, commodities, futures and derivatives. The RIT software also has extensions to trade physical goods (crude oil, gasoline) as well as the assets used to manage these physical goods (storage, refineries and pipelines).
BP Canada uses this software for their own in-house training of traders and is kindly supplying the Haskayne School with the funding to acquire a licence to use the RIT Software.
The competition was sponsored by BP Canada and the Haskayne School of Business, but it was open, to any University of Calgary student. We had competitors from Haskayne, Engineering and several other Faculties.
Here is the poster for the 2017 Competition, in case you want a souvenir. It looks best on Tabloid paper..
We ran the following four cases:
The computers in the Main Lab downstairs have the RIT client and experienced RIT traders can use this client to log into practice cases that are looping on the Trading Lab Server, which has an IP Address of 10.146.160.60 and the following ports access the following cases:
10000 Price Discovery 0
10001 Commodities 2
11000 Futures 2 (Contango)
12000 Commodities 1
13000 Agency Trading 1 VWAP Strategies (Not used in the Competition)
All University of Calgary students are invited to practice and try out for two Haskayne-led trading teams:
Information about last year's weekly practices and team selection process for the WITC 2016 (held in Calgary) and the RITC 2017 (held in Toronto) is here.
The Haskayne School will cover all regsitration costs for Univesity of Calgary students selected to the WITC teams. It will also pay for participation (registration and 75% of travel costs) by Haskayne students in one or two RITC teams (Gold and Red) of 4-6 students. Students from other faculties may be chosen for the team, and the team manager (Gordon Sick) will lobby the faculties or departments that are home to these students to provide comparable funding to those students to participate in the competition.
If you want to download a better photo than the above for printing (think of your grandparents without internet access), here are the links: