Smeal Student Places In Currency Trading Competition
A Smeal College of Business student grew his simulated currency trading account by more than $12,000 in the final two weeks of the Inter-University Financial Trading Competition to come in second in the contest’s consolation bracket.
Smeal Student Places In Currency Trading Competition
UNIVERSITY PARK, PA (January 17, 2006)—A Smeal College of Business student grew his simulated currency trading account by more than $12,000 in the final two weeks of the Inter-University Financial Trading Competition to come in second in the contest's consolation bracket.
DeJian Fang, a sophomore with a double major in finance and information sciences and technology, joined students from eight other universities from the United States and Canada who were allotted $50,000 for a mock trading account. After suffering a loss in the first two weeks of the competition that landed him in the consolation bracket, Fang gained $12,676 in the second half of the competition to earn second place in that bracket and win a cash prize.
"Participation in events like this takes my education to the next level," says Fang, who is a member of the Penn State Investment Association and an intern in the trading room at Smeal. "The competition gave me real experience that allowed me to apply the skills I've learned in my classes to a real-world setting."
The students used software from competition-sponsor Global Forex Trading to make a minimum of five trades during three trading sessions. The contest was hosted by Texas A&M University.
In addition to competing for cash prizes, the student participants had their resumes forwarded to the contest's sponsors, including Global Forex Trading, BP, Constellation Energy Commodities Group and Calpine.
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.
