Buy! Sell! Bauer Students Shout Their Way to the Top

Published on March 27, 2013

C. T. Bauer College of Business Students Make Impressive Showing

In 13th Annual CME Group Commodity Trading Challenge

UH Bauer students had an impressive showing at this year’s CME Group Commodity Trading Challenge, claiming five of the top 10 spots.

Cameron McHugh, UH C. T. Bauer College of Business

Bauer student Cameron McHugh (above) shouted his way to the top. claiming second place, during the 13th Annual CME Group Commodity Trading Competition on March 23.

The Results

  1. Lijuan Shan, University of Texas- Dallas
  2. Cameron McHugh, UH Bauer
  3. Sang Hee Cho, Rice University
  4. Yejie (Jenny) Jiang, UH Bauer
  5. Robert Mongolis: Rice University

Rounding out the top 10, in no particular order:

  • Siddarth Kapoor, UH Bauer
  • Jaime Esteban, UH Bauer
  • Cesar de la Cerda, UH Bauer
  • Jaime Andres Pantoga, Universidad Sergio Arboleda
  • Jacob Craft, University of Texas- Dallas


Twenty students from the C. T. Bauer College of Business at the University of Houston shouted, gestured and made a scene this weekend during the 13thAnnual CME Group Commodity Trading Competition held in Melcher Hall.

They competed against participants from 11 other schools across the globe, with Bauer students claiming half of the spots in the overall top 10, including second place and fourth place finishes.

Organized by the Finance Association student organization at Bauer and hosted March 23 on campus, the open outcry competition required students to test their ability to buy and sell oil contracts using the traditional trading terminology and fast-paced hand signals.

Bauer students claimed five places in the top 10, with Cameron McHugh taking the second prize of $500, Yejie (Jenny) Jiang taking fourth place, and Siddarth Kapoor, Jaime Esteban and Cesar de la Cerda rounding out the top 10.

“Open outcry trading is very chaotic,” McHugh said. “I believe the key to my success was being an effective listener and having the ability to follow the direction of the market.”

“That helped me execute my market and limit orders for my clients, as well as trade on behalf of my own account when arbitrage opportunities existed,” he added.

Bauer has hosted the competition for a number of years, with the weeks leading up to the big day serving as opportunity for coaching participants, who 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 assess the students’ use of outcry techniques while listening and reacting to the changes in market.

“Actually, I was surprised on my performance. I can’t believe I got fourth place,” said Jiang, a master of accountancy candidate. “My strategy was to deal with the market order first, then limit orders while remembering to buy at a lower price and sell at higher price. After I analyzed each order, I would listen for someone to bid or offer the price I want then shout to get the deal.”

Before the competition began, the students had the opportunity to participate in a panel discussion featuring Megan Shlain, energy trader at Sequent Energy Management, Elliot Sorkin, broker at Amerex Brokers LLC, Matt Fleming, director of Midwest and Canadian Optimization for BG Group, and Deniese Palmer Huggins, program director for EUCI.

“This was a wonderful learning experience in which I had the opportunity to participate in an age-old style of trading that is slowly fading into the past as a result of the transition to electronic trading,” McHugh added. “Having the opportunity to learn from CME Group and NYMEX traders who have had their careers on the exchange floors was great.”

By Amanda Sebesta

Posted Under: Graduate, Recognition, Undergraduate

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