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Penn State, Smeal Students Place In International Trading CompetitionTwo Smeal College of Business students finished in the top 10 and Penn State ranked third out of more than 100 students and 12 colleges and universities who participated in the Texas A&M Inter-University Forex Trading Competition. Penn State, Smeal Students Place In International Trading CompetitionUNIVERSITY PARK, PA (December 4, 2007) – Two Smeal College of Business students finished in the top 10 and Penn State ranked third out of more than 100 students and 12 colleges and universities who participated in the Texas A&M Inter-University Forex Trading Competition. Participating students each received an account with $50,000 of simulated capital to trade foreign exchange (forex) for one month in the $3.2 trillion daily currency market. Mark Willauer, a Smeal finance student, placed third in the competition by growing his $50,000 account to $74,091. Smeal student Thomas Waters placed eighth by growing his account to $63,889. They each earned a portion of the cash prize by placing in the top 10. Together, Penn State student participants earned the third highest rate of return among the participating schools. Contestants used many of the same tools employed by professional traders, which were provided by Global Forex Trading (GFT), a leading online forex dealing company that sponsored the event and provided its DealBook® 360 trading platform for the students to access and trade the market. The competition awards the top trader a $10,000 forex trading account from GFT, which may be traded for six months with the winner keeping any net profits. REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu. Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the Center for Digital Transformation, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change. Document Actions |
