TU participates in CME Group Trading Challenge
Monday, March 24, 2014
Students learn hands-on trading techniques for natural gas and crude oil contracts
Students in The University of Tulsa’s energy management program recently finished in the top 10 percent of 390 teams in the 11th annual CME Group Trading Challenge.
The event is open to collegiate trade teams around the globe and is hosted by CME Group, the world’s leading derivative marketplace. The Trading Challenge is an opportunity for students to learn hands-on techniques for trading futures.
TU’s undergraduate team, including energy management students Aouadio (Cedric) Assale, Ronald Conaway, Grace Davenport and Parker Malone, placed 26th in the overall standings. Students traded exclusively in natural gas or crude oil contracts. Instructor Tom Seng served as the group’s adviser.
As members of a team that finished in the top 10 percent, Conaway and Malone will visit the Chicago Mercantile Exchange in April. They will meet with industry leaders and attend a special trading class.
This was TU’s second time to participate in the four-week electronic trading competition. Trading is conducted in a simulated environment on a real-time professional platform provided by CQG Inc., a leading source for high-performance trade routing, global market data and advanced technical analysis.
TU’s energy management program is housed within the Collins College of Business and offers students an energy-focused, interdisciplinary curriculum for careers in the upstream or mid-stream sectors of the global energy industry.