RIT students place in the Bloomberg 2023 Global Trading Challenge
Each year the Bloomberg Global Trading Challenge tests students around the globe on their investing skills through a six-week simulation. This year, three members of the Saunders College of Business club secured the top spot in North America.
Teams of 3-5 students from universities around the world are given $1 million in virtual money and compete to generate the highest relative profit and loss return through the Bloomberg terminal.
Terminals are found in the participating university’s Bloomberg Finance Lab and a faculty advisor accompanies each team. Students are only allowed to trade stocks set by Bloomberg.
RIT team competes in financial challenge
The RIT ‘Tigers Trading’ team includes students, Carter Ptak (software engineering), Evan Macko (finance), and Alexandria Walker (computer science). Of 2,007 teams from 310 universities in 38 countries, they ranked No. 3 globally and generated a relative profit of $320,978 by the end of the challenge.
Second-year student, Carter Ptak, attributes their success to the diversity in their education, “To win against 2,000 other teams, we knew that we couldn’t think like traditional investors, and having a mix of finance and non-finance majors allowed us to do that,” he says according to RIT News.
Participants also gain access to two certifications that guide navigating financial markets:
Bloomberg Market Concepts (BMC)
Environmental Social Governance (ESG)
Visit bloomberg.com/professional/product/certificate-courses/ to learn about their certificate courses.
— Genae Shields is the business & development impact reporter. Reach out at gshields@gannett.com or on Instagram: @genaebriphoto for questions, comments, or concerns. Thank you for your continued support!
This article originally appeared on Rochester Democrat and Chronicle: Bloomberg trading challenge: Rochester students compete
