CME Trading Challenge

Laura Arneson

Document Type

News Article

Publication Date

3-21-2016

Campus Unit

College of Business & Public Administration

Abstract

Students from the University of North Dakota College of Business and Public Administration advanced to the championship round at the CME Group Trading Challenge competition in February 2016.

The CME Group’s Trading Challenge is a four-week electronic trading competition where teams of undergraduate and graduate students can trade a variety of CME Group products from multiple asset classes in a simulated trading environment on a real-time professional trading platform provided by CQG.

The trading challenge provides a unique opportunity for students to learn hands-on techniques for trading futures. The 2016 challenge involved 468 teams from 200 Universities to equal a total of 1,890 students competing, and representing 30 countries.

The competition consisted of two rounds lasting a total of four weeks. Only the top 10 percent of teams advanced to the final round, with the top four teams selected as winners based on highest account balance at the conclusion of the trading.

UND ranked in the top 3.6 percent with undergraduate business students Arthur Ostman, Samuel Ohrn, Joseph Hackman, Matt Pederson, and Robert Cerza.

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