The Rotman International Trading Competion (RITC) hosted 52 teams from Feb 23-24 in Toronto. The University of Calgary earned a top-5 placement in all 6 of the trading cases (the first time it has happened at RITC), along the way to securing first place overall.
The University of Calgary team this year consisted of the following undergraduate students
University of Calgary Team Gold receives at the RITC First Place Award Ceremony at the Hockey Hall of Fame. L to R: George Hart, Caden Surbey, Joel Adams, Brandon Hrycenko, Parminder Dhami, Tom Widdowson, Ian McKenzie, Caden Surbey, Gordon Sick and Tom McCurdy, RITC. 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.
The Gold Team at the Trading Post in Scurfield Hall.
There were 19 teams of graduate students and 18 teams from specialist programs, such as “Master of Financial Engineering” or “Master of Computational” finance. Many well-known schools fielded graduate specialist teams: Cambridge, Carnegie Mellon, U Chicago, Chinese University of Hong Kong, Cornell, Duke, HEC Montreal, New York University, Washington University (St Louis) and Western University.
Team selection started with the BP Canada Trading Competition that we held in the Haskayne School in September 2017. 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 in which we competed against other Alberta schools. Red and Gold teams were selected in December 2017.
We are very grateful for 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 also taken first place in the BP Commodities Trading case at RITC. It also took first place in that case in 2015, 2017 and third in 2016.
We selected two teams for RITC 2018. 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.