- 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.
About CME Group
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.
CME-G
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SOURCE CME Group