About
Rotman Commerce Trading Group - Market Simulation Series
In collaboration with The Rotman Commerce Trading Group (RCTG), The BMO Financial Group Finance Research and Trading Lab will host the Rotman Commerce Trading Group Market Simulation Series.
Come visit the state-of-the-art FRT- Lab for this 3-part series! Students can learn the basics about trading using the Rotman Interactive Trading Market Simulator. Receive hands-on training and build your confidence in preparation of other lab activities and competitions that the lab hosts throughout the year! Meet other liked-minded students and learn from the labs experienced lab assistants and staff. We promote a safe, judgmental-free zone.
Certificate
Upon completion of the Market Simulation series, a certificate of excellence will be awarded. The following criteria must be met in order to earn this certification:
- Student must attend all 3 sessions – 1 x Beginner, 1x Intermediate, 1x Advanced. (Attendance will be taken)
- During the sessions, the student must be actively engaged.
- During the session, while trading, the student’s profit should be greater than 0 (zero).
Certifications will be awarded (via email) in mid-December 2023 and late-March 2024.
Co-Curricular Record (CCR)
Once awarded with the Certificate, students may also apply for CCR.
The Co-Curricular Record is designed to help students find opportunities at U of T beyond the classroom and to have their skills and experiences captured on an official document.
Benefits of Co-Curricular Record (CCR) Recognition:
- Highlight and reflect on the skills you’ve gained
- Get engaged in a variety of workshops and track your progress.
- Record your participation on an official university document.
- Connect with your CCR community, build your network, and enhance your resume.
For more details about this CCR position and to begin your application, CLICK HERE.
Registration Timeline
Qualification
- Participants must be current undergraduate students in a degree program at UofT.
- Priority will be given to 1st year students
- Please reach out to rctradinggroup.info@gmail.com for inquiries about registration
Timeline - Fall 2023
Beginner
- October 25th | 3:00 pm - 4:30 pm
- November 7th | 1:30 pm - 3:00 pm
* Sessions are identical. Attend one only.
Intermediate
- November 13th | 1:30 pm - 3:00 pm
- November 22nd | 1:30 pm - 3:00 pm
* Sessions are identical. Attend one only.
Advanced
- December 5th | 10:00 am - 11:30 am
Timeline - Winter 2024
Beginner
- January 23rd | 3:00 pm - 4:30 pm
- January 25th | 1:00 pm - 2:30 pm
* Sessions are identical. Attend one only.
Intermediate
- March 5th | 1:30 pm - 3:00 pm
- March 7 | 2:00 pm - 3:30 pm
* Sessions are identical. Attend one only.
Advanced
- March 19th | 9:30 am - 11:00 am
- March 20th | 10:00 am - 11:30 am
* Sessions are identical. Attend one only.
Registration for Winter sessions will be open soon. Stay tuned!
Location
In- Person: St. George Campus
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
Case Summary
Beginner session:
Mergers and Acquisitions
The mergers & acquisitions case requires students to calculate the arbitrage-free price of a company that has received a takeover offer. The probability of the deal succeeding is dynamically updated through time and students must value the security based on the probability weighted outcomes.
Intermediate session:
Price Discovery
The Price Discovery case is designed to illustrate to students how the price discovery mechanism works for an IPO in financial markets. Ultimately the current price reflects all known information in the market, and stock prices generally settle where a consensus on correct valuation is reached.
Advanced session:
Algorithmic Trading Case
The Algorithmic Trading Case is designed to challenge participants’ programming skills as they are required to develop algorithms using RIT API to automate the market-making process and react to changing market conditions. Throughout the case, these algorithms will submit orders to profit from market-making and from any arbitrage opportunities that may arise. Due to the high-frequency nature of the case, participants will have to develop algorithms to adapt to changes in market dynamics.
Note: The Winter sessions will cover different case studies from the Fall sessions
Health and Safety | COVID-19
Competition participants are responsible for following health and safety measures where applicable. Individuals should report health and safety concerns to the competition committee via email at financelab[at]rotman.utoronto.ca, who will promptly review, assess and implement measures to address the concern where appropriate.
Measure to reduce risk of exposure:
- Individuals who are sick or who have COVID-19-related symptoms should stay home/hotel/accommodation.
- Isolate until there is no fever and symptoms improve for 24 hours (48 hours for gastrointestinal symptoms), regardless of testing results or no testing.
- Refer to: Ontario COVID-19 Self-Assessment and Procedures in the Event of a Confirmed Case and/or COVID-19 Symptoms.
- Avoid touching your face, nose or mouth with unwashed hands.
- Wash your hands often and thoroughly with soap and water or alcohol-based hand sanitizer.
- Practice proper respiratory etiquette, such as sneezing and coughing into your elbow.
- Face masks are encouraged, and we ask everyone always to respect the decisions of others, their comfort levels, and their health needs.
Statement on Equity, Diversity, and Excellence
Equity and Human Rights
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.
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 the intersectionality in our community is uniquely valuable to Rotman, as it contributes to the diversification of thoughts, ideas, and perspectives that enrich our teaching, scholarship, and research activities. We will proactively seek to increase inclusion and feelings of belonging among our community members, with an aim to having a student body, teaching and administrative staff that mirror the diversity of qualified applicants. For more information, please click here.