Thursday March 8, 2012

Flyer Forex Finalists

A team from the Hanley Trading Center is competing in the finalist round of a prestigious national commodities trading competition

In only its second year in the CME Group Commodities Trading Challenge., a Flyer Forex Fund team from the University of Dayton's Hanley Trading Center is a finalist in the championship round of the prestigious national competition.

The team of Justin Walker, Mike Groff, Westin Stahl and Anthony Caruso is one of the 16 finalists out of a field of 164 teams in the electronic competition, according to Leslie McNew, clinical professor of finance and center director.

In the final round of the competition, teams use live data in an online trading simulation, trading contracts in oil and gold, she said. The four teams with the largest account balances at the end of the trading competition March 16 will be awarded cash prizes.  

In addition to the University of Dayton, finalists include: Princeton University, Chicago State University, State University of New York at Geneseo, The Ohio State University, University of Texas — Austin, Indian Institute of Foreign Trade, University of Houston, Georgia Institute of Technology, Carnegie Mellon University, Cass Business School — City University of London, University of Kentucky, University of Chicago, Polytechnic Institute of New York University, Menlo College and Rice University.  

McNew said that the competition uses the CQG Integrated Client trading platform, which is now available to students in the School of Business Administration's Hanley Trading Center. Established in 2007, the Hanley Center educates students about trading in the huge, fast-growing derivatives market. In addition to using professional trading software, Hanley Center students also trade real euros and Australian dollars in the global spot currency market.

For more information, contact Cilla Shindell, director of media relations, at 937-229-3257 or shindell@udayton.edu.