Baruch College Students Win First Place in Prestigious 2016 Rotman International Trading Competition
Professor Jarrod Pickens, Mingda Ke, Rui Ge, Long Allen Chen, Raymond Wong, Sandeep Bangar, Anik Roy
Baruch’s team sets new record against 52 universities from around the world
NEW YORK, NY - February 25, 2016 - Baruch College’s Master of Financial Engineering (MFE) students won 1st place at the 13th annual Rotman International Trading Competition (RITC) held in Toronto on February 19-20, 2016.
The winning team members, Sandeep Bangar, Allen Long Chen, Rui Ge, Anik Roy, Mingda Ke, and Raymond Wong, triumphed in the two-day competition with 52 universities from around the world - a record number of participants in this prestigious event.
“We are so proud of our students, their outstanding hard work and winning performance in this rigorous competition,” said Dr. Dan Stefanica, director of the Master of Financial Engineering Program. “This year was a record-breaking one with the Baruch MFE team’s overall score establishing a new all-time record, previously held by MIT since 2011, and the largest difference between first place and second place ever recorded in 13 years.”
According to Stefanica the students won three of the six events: commodities trading, credit risk, sales & trading. The team also placed second in equity valuation and third in algo trading.
“This results fits into the consistently stellar performance of Baruch MFE teams over the years: 4th in 2014, 3rd in 2013, 1st and 4th in 2012, 3rd in 2011,” said Stefanica
The Baruch team received preparation assistance from Professors Jarrod Pickens and Richard Holowczak, with help from dedicated alumni who participated in the competition in prior years, including Eugene Krel (RITC’09 and coach of the teams through 2014), Juan Pablo Alonso (RITC’14), Yike Lu (RITC 2011 and 2012), and Zhechao Zhou (RITC’12).
The universities and colleges that participated this year, along with their standings, include LUISS University of Rome (2) and University of Calgary (3), financial engineering programs from NYU (8), Carnegie Mellon (11), UC Berkeley (12), Chicago (17), Columbia (19), Rutgers (33), Princeton (39), Boston University (43), and undergraduate teams from MIT (10), Dartmouth (21), and Duke (31), among others.
In the annual competition, RITC utilizes simulated trading cases that closely mimic different aspects of real world markets. Having developed these cases in its state- of-the-art Rotman Finance Lab, the RITC presented teams with challenges that are pertinent to current market trends.
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 160 countries and speak more than 100 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/.
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