Bauer Students Will Battle Competitors from Nine U.S. Universities
During 11th Annual Open Outcry Competition
Students from the Finance Association at the University of Houston C. T. Bauer College of Business will shout their way to the top of the competition against students from schools across nation this weekend during the annual CME Group Commodity Trading Challenge in Melcher Hall.
The event, which will be held March 30 and 31, is phase two of the Chicago Mercantile Exchange Group Commodities Trading Challenge and is organized each year by the college’s Finance Association (FA) along with CME Group.
The competition is a simulation of the “open outcry” method that commodity traders employ when executing orders. Participants learn about the how markets move due to the supply and demand of a simulated economy, trading crude oil and gas futures. To determine the winners, judges will assess the students’ use of fast-paced hand signals and shouting traditional trading terminology while listening and reacting to the changes in market.
Bauer College students have historically done well in the competition, with students from the college making up half of the top 10 in 2011 (see related story).
Bauer students will face participants from nine U.S. schools in this year’s competition, including Carnegie Mellon University, Texas Tech and Lamar University. For more information, visit the Finance Association website.
By Amanda Sebesta