BP Canada Trading Competition October 5, 2019

Top Traders for 2019

Caden Surbey
Derick Or
Jared Martell
Amy Chen
Lorenzo Bondad
Brian Timmerman
Amritpal Minhas
Marvra Hussain
Qi Li (Top Rookie)
Tianyi Zhao

BP Canada Support

BP Canada assisted us with the competition. It provided food, as well as prizes for the top traders. This year, they awarded a prizs of $1000 for the top trader and $1000 prize for the top rookie. This latter prize brought out a strong cohort of rookies, whic is very encouraging.

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.

Competition was Open to All University of Calgary Students

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.

BP Competition Cases and Support Documents

We ran the following four cases:

Price Discovery 0, PD0. Traders use private information and combine it witth public price information to make trading decisions.
Commodities 1, COM1. Traders use public information on, supply and demand to trade crude oil to speculate on a futures contract.
Contango, F2. Traders arbitrage price differentials in crude oil spot and futures contracts.
Commodities 2, COM2. Traders use public information about storage and usage of natural gas to speculate on futures contracts that expire in July, August and September. There is also a support spreadsheet.