Smeal Team Places Third In International Trading Competition
For the fifth time in the six-year history of the Rotman International Trading Competition, a team from Penn State's Smeal College of Business has finished in the top five. At the this year's competition, held Feb. 19 to 21 at the University of Toronto's Rotman School of Management, Smeal's team took third place.
Smeal Team Places Third In International Trading Competition
UNIVERSITY PARK, PA (February 25, 2009) – For the fifth time in the six-year history of the Rotman International Trading Competition, a team from Penn State's Smeal College of Business has finished in the top five. At the this year's competition, held Feb. 19 to 21 at the University of Toronto's Rotman School of Management, Smeal's team took third place.
The 2009 Smeal contingent consisted of finance undergrads David Hicks, Nestor Solari, and Ryan Walker along with Matt Harbus, a student in Penn State's College of Information Sciences and Technology. The team placed third behind teams from Babson College and Dublin City University.
The competition, which is open to MBA students and undergraduates from around the world, featured about 40 schools from Asia, Europe, and North America.
Traders competed in four simulated trading cases, which closely mimic different aspects of real-world markets, including the BP Commodities Trading case. For this year's event, a new credit-risk trading case was developed, which exposed students to the dynamic world of fixed-income trading.
Smeal's team members were selected via an in-house competition between about 40 students. Once formed, the team had about three weeks to prepare for the contest.
Last year, the Smeal team took home first place for the second time in the competition's history.
Complete details regarding the competition are available online at www.rotman.utoronto.ca/finance/lab/competitions-itc09-home.asp.
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.
