Baruch College Students Excel at Penn State Trading Competition

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New York, NY April 25, 2011 -- 15 students from Baruch College’s Zicklin School of Business finished in the top 20 spots, including first and third place, in Penn State’s 2011 Smeal College of Business Trading Strategy Competition. The competition which was entered by 166 students from 22 universities provides students with the opportunity to test their skills at developing profitable trading strategies while gaining exposure to the financial markets and technology. Baruch College students Linying Wu and Mao Kunbo, who finished first and third respectively, will each receive cash prizes from the Market Technicians Association Educational Foundation, a fund created for educational programs in the field of technical analysis.

Penn State’s 2011 Smeal College of Business Trading Strategy Competition asks students to construct automated trading strategies for three securities.  A trading strategy is a system of formulas, commonly referred to as an algorithm, that has the ability to automatically transmit buy and sell orders to a brokerage platform. Once submitted, the trading strategies "ran live" from market open on Monday, March 7 until the end of the competition on March 25th. The competitor with the best average rank was deemed the winner.

“Merging hands-on financial services practice into the business curriculum is an important part of our program at Zicklin,” said Bruce Kamich, Adjunct Professor of Finance at Baruch College’s Zicklin School of Business. “These case competitions add to our students’ knowledge of financial markets while providing valuable experience for future positions in the financial, banking, or accounting services industries.”

Baruch College’s Zicklin School of Business is the largest accredited collegiate school of business in the United States. In addition to its undergraduate business education, the Zicklin School offers an array of premier graduate business degree programs including nationally ranked undergraduate, part-time, and full-time MBA programs, and an accelerated MBA, specialized masters, and doctoral programs.

Contact:     Ed Pachetti,

                   Baruch College

                   646-660-6135

                   Ed.Pachetti@baruch.cuny.edu