About Rotman International Trading Competition
The Rotman International Trading Competition (RITC) is an annual event that brings teams of students and their faculty advisors from universities worldwide to participate in a unique 3-day simulated market challenge. RITC 2023 marked the 19th anniversary of this trading competition, currently the world’s largest.
Teams are invited to participate in various activities including electronic and outcry trading cases, seminars with industry practitioners, and social events with their fellow competitors from around the world. In past years, RITC participants have competed in a diverse range of cases including open outcry, options, liquidity and algorithmic trading. Faculty advisors are invited not only to coach and observe their teams, but also to participate in various workshops on the RIT Market Simulator, the software used to run the competition.
RITC is consistently innovating, bringing new developments to its own competition with each successive year. Each year classic cases are re-vamped and new cases are added.
The competition has grown not just in scope, but also in international exposure. Last year, RITC hosted 52 teams from 52 different universities from Africa, Asia, Europe and North America. The global representation grants a valuable opportunity for like-minded future finance professionals to meet their peers from across the globe.
RITC 2024 | 20th Edition
The BMO Financial Group Finance Research and Trading Lab at the Rotman School of Management (University of Toronto) is pleased to announce that the 20th Edition of The Rotman International Trading Competition (RITC) 2024 will be held on February 21st, 2024.
RITC will feature an innovative set of RIT Decision Cases, delivered on the RIT Market Simulator platform, allowing participating teams to gather in-person and compete by identifying trading opportunities across a wide range of realistic simulated scenarios.
You will compete with peers from 50+ universities across North America, Europe, Africa, and Asia, using new and refreshed Decision Cases based on real-world conditions delivered on the industry-leading RIT Market Simulator platform.
RITC will enable enthusiastic participants from universities across the world to connect and engage in a competitive format, as well as to network with sponsors and each other.
Competition Timeline
- January 30, 2024 | Registration Deadline
- January 30, 2024 | Team Member Profile Form submission Deadline
- February 21, 2024 | First day of activities
- February 22, 2024 | Second day of activities
- February 23, 2024 | Third day of activities
The detailed activities schedule will be posted by December 31, 2023.
What are the benefits of attending RITC 2024?
Awards
Sponsors
If you are interested in sponsoring RITC 2024, please contact us at financelab[at]rotman.utoronto.ca
Registered Teams
- BABSON COLLEGE
- MONASH UNIVERSITY
- UNIVERSITY OF OTTAWA
- FAIRFIELD UNIVERSITY
- UNIVERSITY OF WARSAW
- CHULALONGKORN UNIVERSITY
- UNIVERSITY OF NEVADA, RENO
- WESTERN UNIVERSITY
- UNIVERSITY OF ALBERTA
- ST. MARY’S UNIVERSITY
- LUISS GUIDO CARLI
- UNIVERSITY OF WATERLOO
Qualification
- Participants must be current undergraduate or graduate students in a degree program as of the 2023-2024 academic year at the university that they are representing.
- One team per university can compete.
- Four student members are required per team.
- You can register two additional students (substitute members to join your team.)
- Substitutes are optional - the competition will comprise activities that allow only four members to participate.
- Faculty advisors or staff members can accompany each team.
- Faculty advisors or staff members can register as an Observer.
- Faculty advisors or staff members cannot compete as a team member.
- We encourage diverse and inclusive teams; each participating team should be composed of different genders.
- Three of the four team members should be new to RITC (did not participate in previous editions of RITC).
- The University of Toronto students should be prequalified via the Rotman Online Trading Competition. The U of T winners of ROTC will form the RITC team.
Fees
- To reserve your spot, a University Representative must pay Option 1: Four Members Registration Fees (C$2,000).
- The Representative may be either a faculty advisor, staff member, student club leader, or a member of the team.
- Only after the registration deposit fee payment has been received will the spot be reserved for the team.
- The competition has limited spots available, and spots will be assigned on a first-come, first-served basis. We encourage you to register early!
- A team's registration in the competition will be confirmed by email within five business days after receiving the registration deposit fee payment.
- The registration fees include all activities fees for three days (1st-day lunch and activity, 2nd and 3rd-day breakfast, lunch, Dinner, and award ceremony access fees).
- Competition fees are approximately the same amount as last year; we have consolidated the registration deposit and competition fee into one payment link.
Competition Fees Registration Links
Optional add-on for the Competition Fee
Team Member Profile Form
Team Member Profile Form includes:
- Team Member Profile details
- Observer/Faculty/Staff and/or Team Advisor details
- Team Slide
- Resume
Once your Registration Fee has been received, we will send a confirmation email, including access to the getting started competition page containing all information needed to participate in the competition.
Call For Volunteers
Location of Work
BMO Financial Group Finance Research and Trading Lab
Rotman School of Management
105 St George St, Toronto, Canada M5S 3E6
Description
For RITC 2024, we are looking for 35 volunteers to assist the FRT-Lab team with facilitating the trading competition and fostering a sense of community among participants, answering common questions and ensuring that the teams enjoy their competition experience.
What’s in it for you
For a volunteer, this would be an excellent opportunity to gain exposure to the BMO Financial Group Finance Research and Trading Lab. Further, volunteers will have the opportunity to meet and network with participants from across the world. As most lab staff will be running cases behind the scenes, you will be representing Rotman to the participants. For more information about the competition, refer to this link.
Co-Curricular Record (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. For more details about this CCR position, Click Here.
- Organizations: Central Administration
- Primary Skills: Communication, Goal-setting and Prioritization
- Secondary Skills: Professionalism, Teamwork, Knowledge application to daily life
Qualifications
- Students (all years) who apply for this position should be students interested in the field of finance.
- Students should be an active University of Toronto Student.
- We are looking for friendly, social, and enthusiastic students who can assist in providing an exciting and enjoyable experience for all the competitors.
- Students should be available on all days of the competition as well as commit a couple of hours to the competition for preparation.
Application Requirement
Submit a Single Page Resume via this link (submitting your application does not guarantee an interview).
Canada Visa Information
Canada’s visa laws have been undergoing changes in recent years, making the process of acquiring a VISA longer than in the past. It is each individual competitor’s responsibility to inquire if they need a visa to enter Canada and to apply for one if necessary. Click Here to find out if you need a visa. It can take up to 12 weeks to receive a visa; please apply as soon as you can. It is also recommended that all competitors from outside of Canada purchase travel health insurance.
Schedule
Schedule Details TBA
Hotel Information
Accommodation in Toronto is the responsibility of the teams. As a suggestion only, a selection of hotels near the Rotman School of Management are offering group rates. Group rates bookings must be made directly with the hotels on or before January 10th, 2024. Please, find below the list of hotels with preferred rates:
Location
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
Dress Code
RITC is a professional business competition, so participants are expected to dress in business casual or business formal attire. The exception is for the Quantitative Outcry case where competitors wear distinguishing clothing or uniforms (such as noticeable hats, jerseys, or trading jackets) in order to more easily distinguish team members in the trading pit.
Weather
Please note, that the average temperature in Toronto in February is -8 degrees Celsius (15 degrees Fahrenheit). We suggest that you bring appropriate winter clothing and that you check the weather forecasts before you pack for the competition.
Past Champions
| Team | MATLAB Volatility | Liquidity Risk | Electricity | Algo | Final |
| SZEI – Baruch College – Team B | 1 | 6 | 3 | 4 | 1 |
| DDIO – Baruch College – Team C | 4 | 1 | 2 | 15 | 2 |
| FQAR – University of Ottawa | 6 | 2 | 7 | 9 | 3 |
| VRYK – Baruch College – Team A | 8 | 3 | 4 | 13 | 4 |
| NCGQ – University of Calgary – Team B | 7 | 8 | 9 | 5 | 5 |
| RZQO – University of Warsaw, Faculty of Economic Sciences | 11 | 24 | 1 | 1 | 6 |
| OCFZ – University of Calgary – Team A | 10 | 9 | 16 | 8 | 7 |
| OXLH – University of Lethbridge – Team A | 5 | 16 | 5 | 18 | 8 |
| IVPJ – Fairfield University – Team B | 2 | 21 | 19 | 6 | 9 |
| UGWN – City University of Hong Kong | 12 | 7 | 13 | 18 | 10 |
| TVHS – University of Lethbridge -Team B | 15 | 19 | 8 | 11 | 11 |
| OXIR – LUISS Guido Carli University of Rome – Team A | 24 | 4 | 10 | 20 | 12 |
| VCSG – Fairfield University – Team A | 3 | 22 | 18 | 16 | 13 |
| VDNK – University of Economics in Bratislava | 14 | 19 | 10 | 22 | 14 |
| XAQY – Fordham University – Team A | 28 | 11 | 19 | 9 | 15 |
| FUHY – Babson College | 23 | 10 | 5 | 33 | 16 |
| HMER – University of California, Los Angeles – Team A | 17 | 24 | 22 | 17 | 17 |
| PABQ – Concordia University | 9 | 5 | 28 | 38 | 18 |
| RCZS – University of Toronto | 25 | 14 | 30 | 14 | 19 |
| CFTF – University of Sydney | 19 | 23 | 15 | 28 | 20 |
| UGGN – Fordham University – Team B | 32 | 27 | 14 | 12 | 21 |
| NDGG – LUISS Guido Carli University of Rome – Team B | 15 | 13 | 24 | 41 | 22 |
| TCZM – Hong Kong University of Science and Technology | 48 | 15 | 32 | 7 | 23 |
| NOTI – Trinity College Dublin – Team A | 20 | 12 | 35 | 38 | 24 |
| RCZT – Cornell University | 30 | 16 | 31 | 34 | 25 |
| HHUJ – Chulalongkorn Business School | 13 | 30 | 27 | 43 | 26 |
| VPUB – Ryerson University | 22 | 38 | 29 | 30 | 27 |
| KMKW – University of Waterloo | 21 | 24 | 38 | 37 | 28 |
| MUKW – Southwestern University of Finance and Economics | 38 | 47 | 39 | 3 | 29 |
| UPSA – University of Tartu | 26 | 41 | 26 | 35 | 30 |
| ORMW – New York University – Team A | 41 | 28 | 12 | 50 | 31 |
| KJEM – Simon Fraser University, Beedie School of Business | 28 | 36 | 44 | 26 | 32 |
| ZXIR – J.J. Strossmayer University of Osijek | 53 | 40 | 19 | 24 | 33 |
| EJYY – Charles University, Institute of Economic Studies | 44 | 29 | 25 | 40 | 34 |
| VWFN – Rutgers Business School | 37 | 43 | 17 | 44 | 35 |
| BYSI – University College Dublin – Team B | 34 | 18 | 47 | 42 | 36 |
| ONWB – University of Innsbruck | 52 | 41 | 22 | 26 | 37 |
| OUTI – Northern Alberta Institute of Technology | 18 | 33 | 41 | 51 | 38 |
| KLYZ – University College Dublin – Team A | 50 | 50 | 42 | 2 | 39 |
| HEKY – HEC Montreal | 42 | 44 | 37 | 22 | 40 |
| MPJN – Reykjavik University | 40 | 34 | 36 | 36 | 41 |
| MBRQ – University of Alberta | 47 | 31 | 48 | 25 | 42 |
| ZNQK – University of International Business and Economics | 46 | 46 | 33 | 29 | 43 |
| JDMA – University of Connecticut | 43 | 39 | 51 | 21 | 44 |
| YZHM – New York University – Team B | 26 | 48 | 40 | 46 | 45 |
| WDJT – University of Virginia | 35 | 32 | 49 | 45 | 46 |
| RGZU – Columbia University | 36 | 34 | 45 | 48 | 47 |
| MWYX – University of Illinois Urbana Champaign | 33 | 45 | 33 | 52 | 48 |
| IJJN – Oklahoma State University | 51 | 37 | 46 | 31 | 49 |
| TNFH – Trinity College Dublin – Team B | 49 | 49 | 50 | 32 | 50 |
| DQRB – Carnegie Mellon University | 39 | 52 | 43 | 47 | 51 |
| TEYP – University of California, Los Angeles – Team B | 31 | 52 | 53 | 52 | 52 |
| PKHV – Indian Institute of Management, Raipur | 45 | 51 | 52 | 49 | 53 |
Competition Committee
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 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.
Past Sponsors
