CME Group Names Winning Teams of 2022 University Trading Challenge
CME Group announced Universidad Anahuac from Mexico secured first place in the 19th Annual University Trading Challenge, marking the third consecutive year a Latin American team has won. The competition engaged nearly 500 teams and involved 1,975 students from 208 universities globally. Participants utilized CQG's trading platform and received live updates from Dow Jones. Winners were awarded cash prizes and invited to a market education event on December 5, 2022.
- CME Group reinforces commitment to educational initiatives with significant participation in trading competition.
- University Trading Challenge fosters future finance careers among participants.
- None.
- Universidad Anahuac takes Top Honors
- First place team based in Latin America for third consecutive year
CHICAGO, Dec. 2, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the winners of its 19th annual University Trading Challenge, led by Universidad Anahuac in Mexico, the third consecutive Latin American team to earn top honors in the global competition.
19th Annual CME Group University Trading Challenge Winners | ||
Team Position | University Name | Country |
First Place | Universidad Anahuac | Mexico |
Second Place | University of Bridgeport | U.S. |
Third Place | The University of Texas at Dallas | U.S. |
Fourth Place | Tecnologico de Monterrey | Mexico |
Fifth Place | University of Bogota Jorge Tadeo Lozano | Colombia |
This year's four-week competition included nearly 500 teams, comprised of 1,975 undergraduate and graduate students from 208 universities around the world. Participants this year represented 23 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.
"We congratulate the winning teams and all participants in this year's University Trading Challenge, who successfully navigated challenging market conditions and historic volatility across asset classes," said Anita Liskey, CME Group Senior Managing Director of Global Brand Marketing and Communications. "Our annual competition offers the next generation of global market participants an exciting opportunity to learn the ins and outs of trading derivatives. Following this experience, we hope students continue their interest in trading and, most importantly, consider a future career path in finance."
"Congratulations to all of the winners and participants in this year's trading challenge," said Ryan Moroney, CEO of CQG. "CQG remains committed to educating the next generation of derivatives traders. The competition offers students the unique opportunity to make trading decisions based on real-time CME Group data, along with CQG's analytics, commentary and real-time news feeds from Dow Jones, and executed with CQG's premier trade routing technology."
"Competing in the CME Group University Trading Challenge is an incredible entry into the fascinating world of global financial markets," said Luis Nicolau, the faculty advisor to both the first- and fourth-place teams. "I am sure that there is a before and after for the students who participated in this competition. The trading challenge has opened their minds to many more career possibilities."
Students on the top five winning teams receive cash prizes, if eligible, and all participants from this year's trading challenge are invited to attend an exclusive one-day, in-person market education event on December 5.
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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