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ROTMAN INTERNATIONAL TRADING COMPETITION 2023

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February 24th, 2023

Summary

The Rotman International Trading Competition (RITC) brings together teams of students and their faculty advisors from universities around the world to compete in a unique 1-day simulated market challenge where they test their skills in real-time from the safety of a structured learning environment. RITC 2023 marks the 19th anniversary of this leading international trading competition.

RITC 2023 will be a virtual event.

Highlights:

    • Decision Cases based on real world conditions delivered on the industry-leading RIT Market Simulator platform.
    • Compete with peers from 50+ universities across North America, Europe, Africa, and Asia.
    • The top three ranking teams will receive the following cash prizes:   1st place : CAD $5,000,  2nd place : CAD $2,500, 3rd place : CAD $1,000

RITC is constantly evolving, fostering innovation and excellence.  The global reach of the competition offers an exciting opportunity for like-minded future finance professionals to meet their peers from around the world and form lasting relationships that further their professional development.

 

We look forward to seeing you at RITC 2023!

RITC Decision Cases

VOLATILITY TRADING CASE​

The Volatility Trading Case gives participants the opportunity to generate profits by implementing options strategies to trade volatility. The underlying asset of the options is a non-dividend-paying Exchange Traded Fund (ETF) called RTM that tracks a major stock index. Participants will be able to trade shares of the ETF as well as 1-month and 2-month call/put options at 10 different strike prices. Information including the ETF price, options prices, and news releases will be provided. Participants are encouraged to use the provided information to identify mispricing opportunities and construct options trading strategies accordingly.

ELECTRICITY TRADING CASE

The Electricity Trading Case provides the opportunity for participants to work in a role-based team environment to engage in an electricity trading market controlled by a strict regulatory policy. Participants are required to forecast supply and demand for electricity, and execute strategies accordingly while reacting to prevailing market events. Each team will participate in a closed supply and demand market for electricity by producing it using power plant assets and distributing it to customers, and will also have access to a forward market. Through the full cycle of electricity markets, participants will need to dynamically formulate their role-based strategies and optimally perform trade executions.

ALGORITHMIC TRADING CASE

The Algorithmic Trading Case is designed to challenge participants’ programming skills by developing algorithms using the RIT API to automate trading strategies and react to changing market conditions. Throughout the case, these algorithms will submit orders to profit from arbitrage opportunities and private tender offers. 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.

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 large 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

Key Dates

October 13, 2022 | 5:00 pm EST

Registration Open

January 13, 2022 | 5:00 pm EST

Case Package Published

January 12, 2023 | 5:00 pm EST

Registration Close

February 7, 2023 | 5:00 pm EST

Team Member Profiles & Slides Due

February 8, 2023 | 5:00 pm EST

Practice Server Access

February 13,2023 | 9:00 am EST

Special Practice Session #1

February 15,2023 | 10:00 am EST

Special Practice Session #2

February 21,2023 | 10:00 am EST

Special Practice Session #3

February 24, 2023 | 8:00 am EST

Competition Day

Host

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 or graduate students in a degree program as of the 2022-2023 academic year at the university that they are representing.
  • One team per university.
  • Four members are required per team.
  • One faculty advisor per team is optional.
  • University of Toronto students should register for the Rotman Online Trading Competition. The winners of ROTC will for form the RITC team for the University of Toronto.
  • RITC encourages diverse and inclusive teams (EDI statement)
  • RITC alumni are welcome to return as team members, but we encourage teams to include new members.

Registration

Step 1: Team Registration Form & Fee

Time to complete this step: 5 minutes

A University Representative must submit the Team Registration Form to register a team for the competition. The representative may be either a faculty advisor, staff member, student club leader, or a member of 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 5 business days after the Team Registration Form & Fee have been received.

Step 2: Team Member Profile Form & Team Slide

Time to complete this step: 30 minutes.

After you have reviewed the Case Package, your team's University Representative must submit the Team Member Profile Form.

The Team Member Profile Form includes:

    • Team Member Personal Profiles (with a URL for each team member's LinkedIn)
    • Faculty Advisor Profile (optional)
    • Team Slide (URL)

Team Slide Specs

Each team is required to submit a URL for a single PowerPoint slide which quickly gives an overview of your team. Please title your slide as follows:  "RITC2023-UniversityName-TeamSlide".  Please use our Team Slide Template
 

Team Roles

To connect to the RIT decision cases that require a role, we will pre-assign roles for your team. Please feel free to assign the role RIT login credentials to your team members, depending on the preferred role.

Next Steps

Confirmation & Access

Once your Team Registration Form & Fee have 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.
    • Post the name of your team's university under Participating Teams.
  •  

Case Package

The Case Package will be posted on the password-protected website on January 13, 2023.

When the Case Package is posted, you should:

    • Reviewed the Case Package as a team

Registration Close: RIT Credentials

When Registration Closes we will send you an email including:

 

  • Your team's unique RIT Trader IDs & Passwords
  • Access to the Practice Server,  Special Practice Sessions and the Competition Day.

Practice Servers

 

The practice servers will be available on the password protected competition site from January 12, 2022 to February 23, 2023.

 

Practice servers will be available before the Special Practice Sessions and Competitions Day to allow participants to practice the competition cases.

 

When registration closes, your team will receive access information to the practice servers.

Special Practice Sessions

Special Practice Sessions are scheduled to allow participants to virtually gather and practice the competition Decision Cases together at the same time. Results for each Case will be released during the Special Practice Sessions. Please see scheduled session dates below, and more details about these sessions will be released when registration closes.

    • Special Practice Session # 01 Monday February 13th, 2022 at 9:00 am EST
    • Special Practice Session # 02 Wednesday February 15th, 2022 at 10:00 am EST
    • Special Practice Session # 03 Tuesday February 21st, 2022 at 10:00 am EST

 

When registration closes, your team will receive access information to the special practice sessions.

Competition Day Schedule

Start Time (EST)

End Time (EST)

Activity

8:00 am

8:10 am

Connection Test

8:10 am

8:50 am

Welcome & Team Introduction

8:50 am

10:05 am

Matlab Trading Case

10:05 am

10:20 am

Break

10:20 am

11:35 am

Liquidity Risk Trading Case

11:35 am

11:50 am

Break

11:50 am

1:05 pm

Electricity Trading Case

1:05 pm

1:20 pm

Break

1:20 pm

2:50 pm

Algo Trading Case

2:50 pm

3:05 pm

Break

3:05 pm

3:30 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

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.

Sponsors

Sincere thanks to our sponsors for making  RITC the leading event it is today!

Previous Sponsors

Participating Teams

    • Babson College
    • Baruch College, Master of Financial Engineering Program
    • Boston University Questrom School of Business
    • Chulalongkorn University
    • City University of Hong Kong
    • Columbia University
    • Concordia University, JohnMolson School of Business
    • Elon University
    • Fairfield University
    • Fordham University
    • Georgetown University
    • HEC Montreal
    • Hong Kong Shue Yan University
    • J.J. Strossmayer University of Osijek,
    • Faculty of Economics in Osijek
    • London Business School
    • Louisiana State University
    • Luiss Guido Carli University of Rome, Department of Economics and Finance
    • Northern Alberta Institute of Technology (NAIT)
    • NYU Tandon School of Engineering
    • Oklahoma State University
    • Paris Dauphine University (PSL)
    • Quinnipiac University, School of Business
    • Rensselaer Polytechnic Institute
    • Reykjavik University
    • Saint Mary's University
    • SUNY Stony Brook University
    • The University of Sydney
    • Toronto Metropolitan University
    • University of California, Los Angeles UCLA
    • University College Dublin
    • University of Alberta
    • University of British Columbia
    • University of Calgary
    • University of Economics in Bratislava, Faculty of National Economy
    • University of Lethbridge
    • University of Ottawa
    • University of South Carolina
    • University of Warsaw, Faculty of Economic Sciences
    • University of Waterloo
    • University of Toronto
    • Carnegie Mellon University
    • Western University, Ivey Business School
    • Trinity College Dublin