This year Roosevelt students enrolled in programs across the University embarked on a semester-long informal course to prepare for competition in the Chicago Mercantile Exchange Group's University Trading Challenge! With the support of the Clearing Corporation Charitable Foundation (CCCF) and the Heller College of Business Finance and Accounting department, students learned about derivatives trading strategies in our state-of-the-art trading room with futures industry veteran and Visiting Assistant faculty of Finance, Justin M. Shea.
This series of 14 workshops met every Monday for the duration of the semester. Sessions provided an introduction to futures markets, popular trading strategies, risk management, and portfolio management techniques. As part of the preparation, students competed against each other on the live Chicago Mercantile Exchange Trading Simulator in the first ever CME Group/Roosevelt Lakers Challenge. As stock prices gyrated, metals declined on trade tensions, and European currencies fluctuated on Brexit, synthetic fortunes were made or lost and trading insights were gained!
Many participants indicated the competition was an excellent experiential learning experience. The Chicago Mercantile Exchange Group proved to be a fantastic partner as well. In that vein, the CME Group has chosen RU’s trading room to be the filming location for capturing a live trading challenge in action. Students will be participating in the upcoming Chicago Mercantile Exchange University Trading challenge, so keep in touch for dates and times this fall!