2011 UK University Trading Challenge
Added: (Fri Nov 18 2011)
Pressbox (Press Release) -
The 2011 University Trading Challenge Teams have been set
CapitalWave and Coventry University Announce that the student teams for the 2011 University Trading Challenge has been set.
Some of the world’s leading trading firms will watch closely as the country’s best student traders put their knowledge to the test in a competition that culminates at the Coventry University London Campus December 2, 2011.
(NEW YORK CITY, NY) – CapitalWave, announced that the following Universities are sending teams to compete in the University Trading Challenge, a realistic capital markets trading competition designed for Undergraduate and Graduate students seeking degrees in finance, economics, business and mathematics.
The participating universities are:
City University London / Cass Business School
University of Greenwich
University of Brighton
University of Darby
Kingston University London and
UCL or University College London
The University Trading Challenge is scheduled for December 2nd at Coventry University’s London Campus. Coventry University was the first in the world to implement CapitalWave’s industry leading simulation platform.
The competition requires student teams to tackle three distinct challenges and demonstrate their aptitude for consistently picking and executing trading strategies. All teams entering the competition will use CapitalWave’s trading software for each challenge:
• Long Term Portfolio Challenge
• Short Term Trading Challenge
• Case-study Presentation Challenge
“The student teams will trade using in two of the most sophisticated capital market simulations in the world. Additionally they will be required to present their solution to a case-study before a panel of professionals who will judge their presentations. This is truly a challenge for tomorrow’s trading professionals,” says Bryant Nielson, Managing Director of CapitalWave
The Long Term Trading Challenge will started November 1st, student teams , over 30 days using the CapitalRNTS (Real News Trading Simulation), manage a base portfolio consisting of equity, fixed income contracts, Forex, metals, Agra’s, and index contract valued based on opening prices recorded by global exchanges. The purpose of the challenge is to have the teams focus on the impact of news at how it relates toward the price volatility of various instruments and how to manage a portfolio given these stories.
On December 2nd, the Short Term Trading Challenge will take place in Coventry University’s Trading Center in London using the CapitalCMS (Capital Market Simulator).
In the Presentation Challenge, students have received a case-study based on modern market situation, from which they will have to formulate a financial strategy for a client presentation and risk assessment. The student team conclusions will be presented to a panel of judges.
These 10 universities have registered 20 student teams to participate.
“The 2011 University Trading Challenge is a perfect proving ground for students to test their skills using industry leading trading simulation software, while also creating a prime opportunity for industry firms to find new talent,” says Bryant Nielson.
CapitalWave is an innovate training company specializing in creating training simulations for the financial markets and delivering “technical solutions” for the corporate learning & development markets. The company is headquartered in New York.
In the University Trading Challenge, two simulation tools will be used:
CapitalCMS is a highly engaging Capital Market Simulator (CMS). Built on modern architecture, and the only training platform using broker ladders, CapitalCMS is able to emulate real trading under a tightly controlled environment in both open and closed training facilities.
The Real News Trading Simulation (RNTS) or CapitalRNTS, is an interactive and dynamic Investment Simulation designed to get delegates to understand the role of news in investment and portfolio decisions. Teams are organized from participants in the program/class and are allowed to strategize and invest in the limited but strategically important securities for the duration of the simulation.
For more information, please visit www.UniversityTradingChallenge.com
CapitalWave, Media Contact:
Phone: 020 3356 9935
1 Canada Square, 29th Floor
London, EW4 5DY