The team representing the UW Faculty of Economic Sciences was ranked 5th in the prestigious Rotman International Trading Competition, an annual event that brings teams of students and their faculty advisors from universities worldwide to participate in a unique 3-day simulated market challenge. This year, 47 teams took part in it.
Rotman International Trading Competition is well recognizable in North America in the algorithmic trading world. RITC participants have competed in a diverse range of cases including pricing of the financial instruments, credit and liquidity risk management, commodities futures markets, volatility and algorithmic trading. The cases were run on the simulated real-time market, where the key is to immediately adapt to the changing market conditions.
The team from the University of Warsaw took 2nd place in the Volatility Trading Case competition. Model prepared by the UW students turned out to be stable and achieved top 3 places in all categories.
Moreover, the team excelled in all cases that required teamwork and communication – the UW students were placed 5th in commodity trading case which included trading commodity futures contracts. They were placed 3rd in electricity trading case, that combined trading on spot and forward markets.
The UW Faculty of Economic Sciences was represented by Katarzyna Kryńska (Data Science and Business Analytics student), Mateusz Kijewski (Computer Science and Econometrics student), Michał Woźniak (Data Science and Business Analytics student) and Maciej Wysocki (Interdisciplinary Economic-Managerial Studies student). Dr. Robert Ślepaczuk from the Department of Quantitative Finance was a team advisor. The team received active support from the Quantitative Finance Research Group.
Rotman International Trading Competition was held on 20-22 February at the Rotman School of Management, University of Toronto.