CHICAGO, March 16, 2017 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced the winners of its 14th annual CME Group
Trading Challenge, including the first-place winners from
Rutgers University. This is the first
time in three years that the winning team has been from a
university in the United
States.
This year's competition saw record participation from nearly 600
teams, made up of more than 2,300 students from 35 countries around
the world. The four-week electronic trading competition is open
exclusively to teams of currently enrolled graduate and
undergraduate students, offering them a chance to learn hands-on
techniques for trading futures across all major asset classes on
CQG's real-time professional trading platform. The trading
challenge also helps educate the next generation of finance
professionals on the significance of CME Group's global derivatives
markets.
"We are pleased that a record number of university students from
around the world have chosen to participate in our annual Trading
Challenge," said Anita Liskey, CME
Group's Managing Director of Corporate Marketing and
Communications. "CME Group is committed to educating the next
generation of finance professionals about the significance of
derivatives markets in today's interconnected global economy."
"I am excited that our team's participation and commitment
resulted in a first place win in this year's competition," said
Ronnee Ades, advisor to the winning
team from Rutgers University and
Director of the Master of Quantitative Finance program Office of
Career Management for Rutgers Business School. "The CME Group
Trading Challenge is a great opportunity for students to gain
hands-on experience with financial markets, and complements what
they learn in our academic program."
"CQG is proud to partner with CME for the annual CME Group
Trading Challenge," said Stan
Yabroff, Product Specialist, CQG. "The Challenge continues
our commitment of providing the next generation of traders and
university students from around the world with real-time trading
opportunities in a dynamic trading environment. We would like to
honor the winning teams and congratulate
the almost-600 teams that participated for continuing this
great tradition."
Students on the following winning teams will receive a cash
prize and are invited to attend a one-day market education
conference at CME Group on April
7:
University
(Country) – Team Name
|
Rutgers University
(U.S.)
|
Carnegie Mellon
University (U.S.)
|
Columbia University
(U.S.)
|
Imperial College
London (U.K.)
|
California State
University Chico (U.S.) – Team Chico Investors Club
|
CME Group provides a wide range of risk management education
around the world. In addition to interactive events like the
Trading Challenge, CME Group offers a variety of educational tools,
such as Futures Fundamentals, an innovative website that explains
the role of futures markets in everyday life. The goal of the site
is to make financial education an engaging experience for anyone,
regardless of how well versed they are in the world of finance.
Teachers can also find ready-made economics curriculum and online
modules to help teach middle and high-school students how
derivatives work through Discovery Education's Econ Essentials.
CME Group also recently launched the CME Institute, which offers
a variety of free online courses designed to help investors at
every level learn about futures and options markets. Whether an
investor is brand new to the derivatives market, or an experienced
trader looking to sharpen specific skills, the CME Institute
courses will help deepen their knowledge and understanding of
derivatives markets.
Students learned about market events by accessing live Dow Jones
newsfeeds and The Hightower Report.
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. Through its exchanges, CME Group offers the widest
range of global benchmark products across all major asset classes,
including futures and options based on interest rates, equity
indexes, foreign exchange, energy, agricultural products and
metals. CME Group provides electronic trading globally on its
CME Globex platform. The company also offers clearing
and settlement services across asset classes for exchange-traded
and over-the-counter derivatives through its clearinghouses CME
Clearing and CME Clearing Europe. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT, Chicago Board of
Trade, KCBT and Kansas City 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. 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.
About CQG, Inc.
CQG, Inc. (www.cqg.com) provides high-performance trade routing,
global market data, and advanced technical analysis. CQG partners
with more than one hundred Futures Commission Merchant environments
and provides Direct Market Access to more than forty exchanges
through its global network of co-located Hosted Exchange Gateways.
CQG's server-side order management tools for spreading, market
aggregation, and smart orders are unsurpassed for speed and
ease-of-use. CQG's market data feed consolidates more than
seventy-five sources, including exchanges worldwide for futures,
options, fixed income, foreign exchange, and equities as well as
data on debt securities, industry reports, and financial indices.
CQG has received the Prop Traders' ISV of the Year award from FOW
and the Best Technical Analysis Platform award from The
Technical Analyst. CQG is headquartered in Denver, Colorado with sales and support
offices worldwide.
CME-G
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SOURCE CME Group