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Rotman Online Trading Competition

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January 11, 2023

Summary

Undergraduate and graduate students at the University of Toronto (St. George, Mississauga and Scarborough campus) are invited to participate in the 2023 Rotman Online Trading Competition (ROTC) sponsored and organized by the BMO Financial Group Finance Research and Trading Lab at the Rotman School of Management (Rotman FRT-Lab), co-hosted by The Bridge at University of Toronto – Scarborough, and the Li Koon Chun Finance Learning Centre, at University of Toronto – Mississauga.

ROTC brings together teams of students 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. ROTC 2023 marks the 11th anniversary of this exciting tri-campus event competition.

The top 2 performing teams (4 students in total) will be invited to form the University of Toronto Team at the  Rotman International Trading Competition 2023, which will take place on February 24th, 2023. 

ROTC 2023 will be an In Person event. 

Highlights:

  • Decision Cases based on real world conditions delivered on the industry-leading RIT Market Simulator platform.
  • Compete with University of Toronto peers from across the GTA
  • Top 2 teams are receive a cash prize, and placement in the Rotman International Trading Competition 2023.

We look forward to seeing you at ROTC 2023!

Case Summaries

Sales and Trader Case

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

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.

Key Dates

October 20, 2022| 5:00 pm EST

Registration Opens

Virtual

December 8, 2022 | 5:00 pm EST

Registration Closes

Virtual

January 1, 2023 | 12:00 pm EST

Practice Server Access

Virtual

January 5, 2023 | 11:00 am – 12:00 pm EST 

Practice Session

In Person | St. George Campus

January 11, 2023 |  1:00 am – 5:00 pm EST

Competition Day

In-Person | St. George Campus

In-Person | Mississauga Campus

Virtual | Scarborough Campus

Location(s)

St.George Campus

BMO Financial Group Finance Research and Trading Lab (Rotman FRT-Lab)

Rotman School of Management 

Room 290, North Building 

105 St. George St. 

Toronto, ON M5S 3E6 

Canada 

Scarborough Campus

The BRIDGE
University of Toronto Scarborough Campus (UTSC)
Instructional Centre (IC Building), Ground Floor
1095 Military Trail
Toronto, Ontario M1C 1A4

Canada 

Mississauga Campus

Li Koon Chun Finance Learning Centre

Innovation Complex
Room L1245, Lower Level
University of Toronto Mississauga
3359 Mississauga Road
​Mississauga, Ontario L5L 1C6

Canada 

Qualifications

  • Participants must be current undergraduate or graduate students in a degree program at the University of Toronto as of the 2022-2023 academic year.
  • 2 Members required per Team
  • ROTC encourages diverse and inclusive teams (EDI statement)

Registration

Time to complete this step: 10 minutes

One team member 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!

*ROTC 2023 will be an In Person event. If we have reached our in-person capacity at the time of your registration, you will be notified in your confirmation email, and provided with instructions for connecting virtually.

** You will compete in ROTC at your home campus. 

Next Steps

Confirmation & Access

Once your Team Registration Form has been received, we will:

  • Send a confirmation email including access to the ROTC password-protected website containing the all additional access information.

 

When you receive Access you should:

  •  Familiarize yourself with the RIT Documentation.

Case Package

The Case Package for ROTC 2023 will be published on our password protected site on December 1, 2022.

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

Practice servers will be available before the Special Practice Sessions and Competitions Day to allow participants to practice the competition cases. The practice servers will be available on the password protected competition site from January 1, 2023 to January 5, 2023.

 

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

Special Practice Session

A Special Practice Session allows participants to virtually practice the competition Decision Cases together at the same time. Results for each Case will be released during the Special Practice Session. Please see scheduled session dates below:

    • Special Practice Session: Monday January 5, 2023 at 11:00 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

1:00 pm

1:10 pm

Connection Test

1:10 pm

1:50 pm

Welcome & Team Introduction

1:50 pm

3:05 pm

Sales and Trader Case

3:05 pm

3:20 pm

Break

3:20 pm

4:20 pm

Volatility Trading Case

4:20 pm

4:35 pm

Break

4:35 pm

5:00 pm

Awards 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.

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