Please ensure Javascript is enabled for purposes of website accessibility
 

Rotman Commerce Trading Competition

00 00 00

November 24th, 2022 | 9am – 1pm EST

Summary

Current undergraduate Rotman Commerce students are invited to participate in the Commerce Trading Competition hosted by the BMO Financial Group Finance Research and Trading Lab at the Rotman School of Management (Rotman FRT-Lab).

On November 24th, 2022, teams will compete in a unique simulated market challenge where they will navigate Decision Cases based on real-world conditions delivered on the industry-leading RIT Market Simulator platform. This is an exciting opportunity to test your collective decision-making skills in a safe environment and engage in a friendly competition with your peers!

Awards will be presented to the top performing teams: 1st Prize: $300, 2nd Prize: $100, 3rd Prize: $50 CAD.  All teams will receive certificates of participation in the competition.

Cases

Liquidity Risk Case

The Liquidity Risk Case challenges participants to put their critical thinking and analytical abilities to test in an environment that requires them to evaluate the liquidity risk associated with tender offers. Participants will be faced with multiple tender offers throughout the Case. This will require participants to make rapid judgments on the profitability, subsequent acceptance and execution, or rejection, of each offer. Profits can be generated by taking advantage of price differentials between market prices and prices offered in the private tenders. Once any tender has been accepted, participants should aim to efficiently close out their large positions to maximize returns and minimize liquidity and market risks.

Algorithmic Market-Making Case

The Algorithmic Trading Case is designed to challenge participants’ programming skills by developing algorithms using RIT API to automate trading strategies and react to changing market conditions. Throughout the Case, these algorithms will submit orders to profit from market-making opportunities by capture a bid-ask spread. Due to the high-frequency nature of the Case, participants are encouraged to develop algorithms that can adapt to rapid changes in market dynamics using their selected programming languages.

M&A News Trading Case

The Mergers & Acquisitions (M&A) News Trading Case is designed to test participants’ ability to track various “in-play” M&A deals and devise risk-taking strategies to generate profit. The Case will involve a dozen struggling companies, and during each heat some (or none) of the companies will be the target of takeover offers. The offers may ultimately be accepted or rejected, and traders can generate profits by taking a view on the movement of stock prices.

Key Dates

October 6, 2022 | 5:00 pm

Registration Opens

Virtual

October 6, 2022 | 5:00 pm

Practice Server Access

Virtual

November 3, 2022 | 5:00 pm

Registration Closes

Virtual

November 17, 2022 | 9:00 am – 10:00 am

Practice Session #1

Hybrid*

November 17, 2022 | 3:00 pm – 4:00 pm

Practice Session #2

Hybrid*

November 24, 2022 | 9:00 am – 1:00 pm

Competition Day

In Person | BMO Rotman FRT-Lab

  • Hybrid: Participants may come onsite and use Rotman FRT-Lab computers, or connect remotely using their personal computer. Rotamn FRT-Lab computers are available on a first come first served basis.

Location

BMO Financial Group Finance Research and Trading Lab 

Rotman School of Management 

Room 290, North Building 

105 St. George St. 

Toronto, ON M5S 3E6 

Canada

Qualifications

    • Participants must be current undergraduate students enrolled in Rotman Commerce at the University of Toronto
    • Maximum 4 students per team
    • We encourage diverse and inclusive teams (EDI statement)

Registration

Step 1: Team Registration Form & Fee

Time to complete this step: 10 minutes

One team member must submit the Team Registration Form to register a team for the competition. The competition has limited spots available, and spots will be assigned on a first-come first-served basis. We encourage you to register early!


    • Registration Deadline: November 3, 2022 | 5:00 pm EST
    • Registration fee: $10 CAD plus 13% HST per team member.
    • Submit:  TEAM REGISTRATION FORM

Step 2: Confirmation, Case Package & Server Access

Once your Team Registration Form & Fee have been received we will:

  • Send an email confirming your place in the competition including Case Package and all additional access information.

Competition Day Schedule

9:00 – 9:15 am  

Opening remarks & Connection Check 

9:15 – 10:15 am

Liquidity Risk Case 

10:15 – 10:25 am

Break 

10:25 – 11:25 am

Algorithmic Market-Making Case 

11:25 – 11:35 am

Break 

11:35 am – 12:35 pm

M&A News Trading Case 

12:35 – 12:50 pm

Break 

12:50 – 1:00 pm

Award Ceremony 

Statement on Equity, Diversity, and Excellence

The purposes of this statement are to express the University’s values regarding equity and diversity, and relate these to the institution’s unwavering commitment to excellence in the pursuit of our academic mission.

Equity and Human Rights

At the University of Toronto, we strive to be an equitable and inclusive community, rich with diversity, protecting the human rights of all persons, and based upon understanding and mutual respect for the dignity and worth of every person. We seek to ensure to the greatest extent possible that all students and employees enjoy the opportunity to participate as they see fit in the full range of activities that the University offers, and to achieve their full potential as members of the University community.

Our support for equity is grounded in an institution-wide commitment to achieving a working, teaching, and learning environment that is free of discrimination and harassment as defined in the Ontario Human Rights Code. In striving to become an equitable community, we will also work to eliminate, reduce or mitigate the adverse effects of any barriers to full participation in University life that we find, including physical, environmental, attitudinal, communication or technological.

Diversity and Inclusiveness

Our teaching, scholarship and other activities take place in the context of a highly diverse society. Reflecting this diversity in our own community is uniquely valuable to the University as it contributes to the diversification of ideas and perspectives and thereby enriches our scholarship, teaching and other activities. We will proactively seek to increase diversity among our community members, and it is our aim to have a student body and teaching and administrative staffs that mirror the diversity of the pool of potential qualified applicants for those positions.

For more information, please click here.