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Baruch College Students Place Second at the UChicago Midwest Trading Competition



Nation’s Primary Algorithmic Trading Competition Challenges

Technical and Programming Abilities

 

Baruch student winners

From left: Gehua Zhang, Jonathan Romero, Tushar Chawla, Bell Chen

 

NEW YORK, NY- April 14, 2016-Baruch College students won second place at the 4th Annual UChicago Midwest Trading Competition, coming ahead of teams from Carnegie Mellon University, Harvard, MIT, and NYU among others.

This year’s contestants were Tushar Chawla’16, Weissman Mathematics; Bell Chen’17, Weissman Mathematics; Jonathan Romero’17, Zicklin Accounting; and, Gehua Zhang’17, Zicklin Mathematics. The team was prepared by Professor Jarrod Pickens, who also coached Baruch’s winning Rotman International Trading Competition in February, and by Baruch MFE student Anik Roy.

“Participating in this competition was a tremendous learning experience for our students,” said Dan Stefanica, co-director of the Master’s in Financial Engineering (MFE) program. “Preparing for the competition taught them about the algorithmic nature of the work, and being there, and winning the options market making case in competition with future traders from top schools around the country built confidence for their soon-to-be launched careers.”

According to Stefanica, Baruch’s team won the Options Market Making category, placed third in Cross-listed Shares Trading, and 10th in Algorithmic Sales & Trading. “Most important, our trading strategies had moderately high expected returns, but very low risk. We were in top eight in eight out of nine trading rounds in the competition,” says Stefanica.

As the nation’s primary algorithmic trading competition, the UChicago Midwest Trading Competition—powered by OptionsCity—serves as an opportunity for quantitatively driven students interested in financial markets to connect with premier financial services firms in the Chicago area.

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About Baruch College:

Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 18,000 students, who represent 164 countries and speak more than 129 languages. Ranked among the top 15% of U.S. colleges and the No. 4 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world.  For more about Baruch College, go to http://www.baruch.cuny.edu/.

 

MEDIA CONTACTS:

Suzanne Bronski, (646) 660-6093, suzanne.bronski@baruch.cuny.edu

Mercedes Sanchez, (646) 660-6112, mercedes.sanchez@baruch.cuny.edu

 

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