(NewsUSA) - CME Group, the world’s leading derivatives marketplace, is reminding students that registration in its 20th Annual University Trading Challenge will remain open until Thursday, September 28 at 5 p.m., Central Time.
This year’s University Trading Challenge kicks off on Sunday, October 1 and concludes on Friday, October 27. Undergraduate and graduate students from colleges and universities around the world will be competing on student-lead teams, or in cooperation with a faculty advisor, to see who can best manage a variety of environmental, economic and other marketplace risks to protect their mock investment portfolio.
"As we celebrate the 20th anniversary of our University Trading Challenge program, we are extremely proud of the role we play in educating up-and-coming professionals on the significant impact risk management can have on the economy, as well as on businesses and individuals globally," said Anita Liskey, Global Head of Brand Marketing and Communications at CME Group. "Through this engaging and competitive trading simulation, thousands of students around the world have been able to compete against each other, while learning about futures markets and the importance of hedging."
During the month-long competition, students will experience the energy, excitement, disappointments and daily challenges of a real-world trading environment on a simulated, professional trading platform provided by CQG. They will also receive education, market-related data and news, including live updates from Dow Jones newsfeeds and The Hightower Report, that will test their abilities to evaluate and react to changing market dynamics in real-time.
Each eligible member of the winning team will receive a $2,000 cash prize*. Additional prizes will be awarded for second through fifth place.
Student participants will also have the opportunity to attend CME Group’s Day of Market Education. This one-day forum will provide them with an exclusive look into CME Group and the derivatives industry.
More than 500 teams of nearly 2,000 students from 23 countries participated in last year's University Trading Challenge, with the winning team coming from Mexico's Universidad Anahuac UG.
CME Group is committed to educating the next generation of finance professionals on the significance of global derivatives markets and risk management. In addition to interactive events like the University Trading Challenge, CME Group also partners with other industry organizations to offer broad educational tools, such as Futures Fundamentals, a one-stop educational resource that explains the role of futures markets in everyday life. The goal of the site is to make financial education an engaging experience for anyone, regardless of how well versed they are in the world of finance.
To register and view details on eligibility, rules, regulations and requirements, please visit: https://www.cmegroup.com/events/university-trading-challenge.html.
For social media updates throughout the competition, make sure to follow #TradingChallenge2023.
*Eligibility to receive competition prizes is only open to residents in the United States (US), Canada (CA) excluding Quebec, United Kingdom (UK), Germany (DE), Netherlands (NL), Switzerland (CH), Republic of Korea (KR), Taiwan (TW), and Japan (JP).