CME Group Names Top Five Teams of 18th Annual University Trading Challenge
CME Group announced the winners of its 18th annual University Trading Challenge, with the University of Bogota Jorge Tadeo Lozano securing first place, marking the second consecutive win for a Latin American team. The competition involved 386 teams and over 1,500 students from 24 countries, focusing on trading various futures contracts using CQG's trading platform. Participants received live market updates via Dow Jones newsfeeds. Winners are eligible for cash prizes and a market education event. CME Group emphasizes its commitment to educating future derivatives traders through innovative technology and collaboration.
- First-place win for the University of Bogota Jorge Tadeo Lozano highlights CME Group's successful educational initiatives.
- Involvement of 386 teams and over 1,500 students signifies robust engagement in the trading challenge.
- Winners are offered cash prizes and exclusive educational opportunities, promoting the development of future traders.
- None.
CHICAGO, Dec. 8, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the winners of its 18th annual University Trading Challenge, led by the University of Bogota Jorge Tadeo Lozano, who is the second consecutive Latin American team to top the global competition.
18th Annual CME Group University Trading Challenge Winners | |
Team Position | University (Country Represented) |
First Place | University of Bogota Jorge Tadeo Lozano (Colombia) |
Second Place | Loyola University Chicago (U.S.) |
Third Place | Virginia Tech (U.S.) |
Fourth Place | University of Illinois (U.S.) |
Fifth Place | Southern Illinois University (U.S.) |
This year's four-week competition included 386 teams, comprised of more than 1,500 actively-enrolled graduate and undergraduate students from 24 countries. Students learned hands-on techniques for trading agriculture, energy, metals, equity indices, interest rates and foreign exchange futures contracts using CQG's real-time simulated electronic trading platform. Throughout the challenge, students also received live market updates through Dow Jones newsfeeds and The Hightower Report.
"It's an exciting time to learn about how derivatives markets are used to manage risk and capture opportunities across the global economy," said Anita Liskey, CME Group Senior Managing Director of Global Brand Marketing and Communications. "Our annual competition provides a collaborative educational experience that is driven by global financial professionals and innovative technology. Each year, we are delighted to bring together students from all over the world to learn how to apply real-life trading strategies to everyday markets."
"Congratulations to all of the winners and to those who participated in this year's trading challenge," said Ryan Moroney, President of CQG. "This competition offers students the unique opportunity to make trading decisions based on real-time CME Group data, along with analytics, real-time news feed and commentary from CQG, and executed with CQG's premier trade routing technology. CQG remains committed to educating the next generation of derivatives traders."
"The CME Group University Trading Challenge is an excellent way to learn about derivatives markets and develop skills that can be put into practice in the future," said the first-place team from the University of Bogota Jorge Tadeo Lozano. "Trading through the CQG platform and having access to live market updates also helps students build an understanding on how these markets operate."
Students on the top five winning teams are eligible to receive a cash prize and are invited to attend an exclusive one-day, virtual market education event this month.
CME Group provides a wide range of risk management education, including its CME Institute education hub, which offers detailed courses, webinars and videos on trading futures on options markets, as well as a trading simulator.
CME Group also partners with other industry organizations to offer educational tools, such as Futures Fundamentals, a one-stop educational resource to help learners of all levels understand futures markets and the role they play in everyday life.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.
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SOURCE CME Group
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