The Graduate School of Interdisciplinary Management (GSIM) of UNIST, jointly with the University of Toronto’s Rotman School of Management in Canada, is currently recruiting participants for the 2019 Rotman-UNIST Trading Competition.
Applying for the 2019 Rotman-UNIST Trading Competition is done online at trading.unist.ac.kr until Sunday, July 14, 2019. The competition, which is scheduled to be held from August 8 to 9, 2019, is open to any undergraduate and graduate student, interested in trading.
Modeled after the highly successful Rotman International Trading Competition (RITC), the Korean variant of this competition was held in 2017 for the first time and this year marks the third time the competitions have been held at UNIST. This year’s competition has been jointly hosted by the Center for International Energy Trading (CIET) and the Explanable Artificial Intelligence Center (XAIC) of UNIST. The event has been also supported by the City of Ulsan and the the University of Toronto’s Rotman School of Management in Canada.
During this two-day event, students are given the opportunity to compete in a diverse range of cases, including the energy trading case, sales & trading case, open outcry case, liquidity, and algorithmic trading case. The competition utilizes the Rotman Interactive Trader, an order-driven market simulator, which was developed in-house at the University of Toronto’s Rotman School of Management, and used by universities and professionals around the world.
The competition is divided into two main areas. First is algorithmic trading with programming where students compete for profits via statistical and ETF arbitrages. The second part deals with energy commodities trading where students are challenged to make profits in the virtual trading of crude oil, petroleum products, and natural gas.
One special thing about this competition is that it allows students to experience the trading of energy products, such as crude oil and natural gas,” says Professor Dae Jin Kim, Head of CIET. “Such indirect experience of energy trading, which is a major part of the international financial market, will serve as a basis for Korea to develop itself as a hub for Northeast Asian energy commodities trading.”
The Rotman International Trading Competition (RITC) is an annual event that brings teams of primarily graduate-level students and their faculty advisors from top-ranked universities worldwide to participate in a unique three-day simulated market challenge. Every year, RITC participants are invited to participate in various activities including electronic and outcry trading cases, seminars with industry practitioners, and social events with their fellow competitors from around the world.
The Rotman School of Management is located in the heart of Canada’s commercial and cultural capital and is part of the University of Toronto, one of the world’s top 20 research universities. The Rotman School fosters a new way to think that enables our graduates to tackle today’s global business and societal challenges.
Meanwhile, the Graduate School of Technology & Innovation Management at UNIST is the only institute in Korea that offers a master’s program in energy trading and financial engineering. This program provides advanced training courses, including training on trading techniques related to energy trading, systematic training on derivatives trading, and financial big data analysis using machine learning and data mining techniques to systematically train professional traders and financial engineers.
Click HERE to apply for the 2019 Rotman-UNIST Trading Competition.