CPU Seniors Win Simulated Trading Competition @ MIT
Putting class lessons to practice, students earn one million (simulated) dollars
EVANSTON, Ill. --- Liquidity slippage. Margin trading. Price discovery. With knowledge of these and other financial market intricacies, two business-savvy Northwestern University undergraduates earned first place and more than one million (simulated) dollars at a trading competition last weekend at the Massachusetts Institute of Technology (MIT).
Working as a team at the Traders@MIT competition, Weinberg College of Arts and Sciences seniors Steven Chen and Joon Yoon put their classroom understanding of economics, markets, statistics, business, probability and mathematics to the test, developing models and devising profitable trading strategies in six different trade scenarios. Read more.