The University of North Dakota College of Business & Public Administration’s MBA team finishes in the top 6.2 percent at the 2017 CME Group Trading Challenge.
The University of North Dakota College of Business & Public Administration (UND CoBPA) MBA team finished in the top 6.2 percent—or 37th place of 595 teams from various countries at the 2017 CME Group Trading Challenge. In this competition, only the top 10 percent can advance to the playoff round. This was the team’s third appearance in the playoff round in the last five years.
The CME Group’s Trading Challenge is a four-week electronic trading competition where teams of undergraduate and graduate students can trade a variety of CME Group products from multiple asset classes in a simulated trading environment on a real-time professional trading platform provided by CQG.
UND CoBPA Professor of Finance, Dr. Jeong Lee says UND has always seen success at the CME Group Trading Challenge. According to Lee, UND started attending the CME trading competition five or six years ago when only 200 teams competed.
“This real-world experience is very important learning—a good addition to the classroom,” said Dr. Lee.
Last year, the UND team got through the first final round and finished in 15th place—or in the top 3.6 percent— of roughly 430 teams.
Dr. Lee says attending this competition is especially important for business students because they learn a lot about winning and losing in the real world.
“This isn’t real money, and there are no repercussions if you lose money,” said Lee. “In hindsight, they may do it differently next time. In a real investing situation, they will make better decisions.”