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CME Trading Challenge

Posted on November 18, 2019 by MCOB Outreach
MCOB Outreach

The team of four Mitchell College of Business finance students: Justin Abalos, Thomas Alford, Micah Jordan, and Garrison McGraw data-lightbox='featured'
The team of four Mitchell College of Business finance students: Justin Abalos, Thomas Alford, Micah Jordan, and Garrison McGraw

During the month of October, a team of four Mitchell College of Business finance students competed in the CME trading challenge. The CME trading challenge is an electronic trading competition that allows students to experience the thrills of real time futures contract trading in agriculture, energy, metals, equity indices, interest rates, and foreign exchange. After the students spent some time in late September to learn CME’s trading platform and software, the competition began on October 6th with a starting account balance of $500,000. Teams were required to execute at least ten contracts per day and follow margin and other trading rules to avoid penalties. At the end of the competition on November 1st, the MCOB team of Justin Abalos, Thomas Alford, Micah Jordan, and Garrison McGraw, finished with a final account balance of $875,236. This was high enough to place eleventh out of over four hundred undergraduate teams from across the globe, and in the process outperforming teams from other colleges such as Georgia Tech, University of Chicago, University of Michigan, and University of Texas. Congratulations to our students for their fine performance.

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