the school of finance of the university of international business and economics takes discipline construction as the leading factor. The school of applied economics has the right to award doctoral degrees in first-class disciplines and set up postdoctoral research stations. The college has three majors: finance, financial engineering and investment, and has set up CFA and FRM at the undergraduate level, forming a financial discipline group with mutual support and complementary advantages, and has formed a complete talent training system at all levels, such as undergraduate-master-doctoral-postdoctoral.
the p>RITC competition lasts for three days, and * * * is divided into six topics: BP Commodities Case, BP oil futures trading, Credit Risk Case modeling, Quantitative Outcry Case, and S&; P Capital IQ Equity Valuation Case Standard & Poor's Capital IQ equity valuation modeling, Sales &; Trader Case sales transaction and MathWorks algorithmic trading case transaction. After three days' efforts, UIBE team won the second place in the world in Algorithmic Trading algorithm trading, and the tenth place in the world in the macro-economic field of Quantitative Outcry, and finally ranked 26th in the world.
The p>RITC contest is mainly about trading, involving oil futures, credit risk modeling, macroeconomic forecasting, open bidding in the market, equity valuation, stock trading and algorithmic trading based on market maker strategy. Six team members, each of whom must participate in at least four topics to complete the race. All prices are simulated random paths, and the parameters of the paths are adjusted according to the constantly updated information. The competition uses the Rotman Interactive Trader system of the University of Toronto. Except for algorithmic trading, orders must be placed automatically, and other five topics must be placed manually.
during the competition, the players face many challenges. The calendar date used in the RITC contest is different from the transaction date. For example, 16 minutes of transaction time can represent two months of calendar time. Each topic needs to be played twice or more. There is no subjective score, no roadshow or canvassing, and the final ranking is based on the exact profit and loss. Among them, the finals of sales transaction and algorithm transaction are broadcast on the big screen in real time, and the tension is beyond words. The picture below shows Rotman Finance Lab, one of the competition venues. When a teammate enters the game, others either continue to discuss the next game in the Event Hall, or stand outside the laboratory looking anxiously and praying.
When bidding openly in the macro-economic field, in order to distinguish opponents and remind teammates, teams need to be creative in designing their own costumes: some people wear rabbit ears, some people wear flashing lights, and some people wear fluorescent wigs! As a trader, the team members need to quote or inquire loudly according to the gestures of the analysts upstairs, and quickly shuttle through the crowd to find counterparties and find traders to submit bills. The joyful uniforms and active trading performance of UIBE team are very prominent in the whole competition.
In the topic of BP futures, four players are needed, one is a producer, one is a refiner and the other two are traders. The design of the competition is very professional, which requires the knowledge of operation optimization and crude oil futures, and the difficulty coefficient has soared. In the equity valuation modeling of Standard & Poor's Capital IQ, participants need to be very familiar with the historical evolution, present situation, future strategy, valuation template, financial statements and other professional knowledge of each company. The topic of credit risk modeling is to calculate the credit spread according to market changes, establish a credit model and adjust it at any time according to market changes.
there are also many traps in the p>RITC competition. At the beginning of each game, the staff will count down outside the stadium, and the last sentence: Happy trading guys! It is to push the atmosphere to a climax. But it is not easy to play happily, and it is normal to be scared. Players often need to hold their breath and make accurate decisions in a state of high tension: whether to gamble before the rating changes or wait until the trend is clear; What is the level of position control and when to open a position. When the market is ups and downs, the venue is full of joy or sighs. The picture below shows the mascot of the contest, the hand puppet on the front and back, and the cow turned over to be the bear, which means that the cow and bear compete with each other and transform each other, and everything is possible.
after three days of competition, all the competitions have been settled. The organizer held the award ceremony in the revolving restaurant of the Canadian National Television Tower. In 216, the RITC competition used Matlab for algorithmic trading for the first time, and UIBE team was the only team that used Matlab GUI for trading in this competition. Compared with the team that was good at Excel VBA and integrated experience and advantages, UIBE team bravely broke through with emerging weapons and won the second place in algorithmic trading, with outstanding performance. For algorithmic trading, UIBE (university of international business and economics) team strives to achieve: the right path is the main one, supplemented by the odd one. The beautiful night view of Toronto from the top of the tower draws a perfect ending for this trip.
is the postgraduate entrance examination policy unclear? Is Shen Shuo confused with the same academic level? College majors are not easy to choose? Click on official website at the bottom, and a professional teacher will answer your questions. In the name of 211/985 graduate master's/doctor's open network: /yjs2/