Haskayne-led University of Calgary Team Takes 2nd in the 2017 Rotman International Trading Competition

The Rotman International Trading Competion (RITC) hosted 52 teams from Feb 24-25 in Toronto. The University of Calgary beat all the other 19 Canadian teams, as well as 31 international teams to take 2rd place in the competition.

Although the Calgary team consisted of general business and engineering undergraduate students, the majority of teams were from graduate programs. Indeed, 19 teams were from programs with titles such as "Master of Quantitatiive Finance" or "Master of Finance". The winning team was from the Baruch Master of Financial Engineering program in New York.

Teams were from all 5 continents, plus Australia. Calgary beat teams from schools like Carnegie, Columbia, New York University and the University of Chicago, University of Toronto, McGill, Queens, Western and Waterloo.

The University of Calgary team this year consisted of the following undergraduate students The team was coached by Gordon Sick and George Hart.
Haskayne Gold Team receives award at the CN Tower

University of Calgary Team Gold receives at the RITC Award Ceremony atop the CN Tower. L to R: Ian McKenzie, Felicia Specht, Chase MacDougall, George Hart, Gordon Sick, Brandon Hrycenko, Joel Adams and Tom Widdowson. Team Calgary members were readily identifiable by their Gold trading jackets. Having run out of gold jackets, the coaches had to wear the Red Team's jackets.

A full-sized version of this image is available here.

Intense Competition

The competition in 2017 was intense, but the Calgary team is in a group of 4-5 hard-working teams that vie for the top 3 spots each year. The University of Calgary team has had a progression of 5th, 4th, 3rd and now 2nd from 2014-2017.

Of the six different trading cases in the competition, Team Calgary won the the BP Commodities case, and took second in the Options Volatility case and the Credit Risk case.

Team Practice Started in September 2016

Team selection started with the BP Canada Trading Competition that we held in the Haskayne School in October 2016. Practice continued weekly in the Murray Edwards Trading and Finance Lab. In November, we hosted the Western Invitational Trading Competition, which was a regional competition iwhere we competed against other Alberta schools. The Red and Gold teams were selected in December 2016.

We are very grateful to the assistance of BP Canada in acquiring a licence to use the RIT Software for the October and November competitions and subsequent practice. All the top teams at RITC trained on this software prior to the competition, so having the software was critical to our success. Our team is thus particularly happy to have taken first place in the BP Commodities Trading case at RITC. It also took first place in that case in 2015 and third in 2016.

Two Teams Selected, But Only One Could Go

We selected two teams for RITC 2017. After selecting our teams, we learned that the RITC competition only had room for one team, so, sadly, only the Gold team attended the competition. But, several members of the Red team continued practicing with the Gold team to push them ahead.

Red Team

Congratulations to all of these hard-working and successful traders!