CHICAGO, March 11, 2015 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced the winners of its 12th annual CME Group
Trading Challenge. The four-week electronic trading
competition is open exclusively to teams of currently enrolled
graduate and undergraduate students around the world. The students
compete on a real-time professional trading platform, provided by
CQG, while learning about market events by accessing live Dow Jones
newsfeeds and The Hightower Report. The competition is
designed to offer students an educational and professional trading
experience by giving them the chance to trade a variety of CME
Group products across all major asset classes. This year brought
record level participation with more than 500 teams made up of
2,000 students participating from 37 countries around the
world.
"This year's record participation indicates that the next
generation is taking an interest in our industry," said
Terry Duffy, CME Group Executive
Chairman and President. "Learning how to trade through
hands-on techniques is a great way for bright young minds to get
educated in risk management. CME Group wants to show students that
finance is an exciting place where innovative people can make a
real impact on the world."
"CQG is proud to be a partner in the CME Group Trading
Challenge," said Rod Giffen,
President of CQG. "We are committed to providing a superior
real-time trading experience for students with diverse interests
from business and finance to agriculture and economics. We would
like to congratulate all the participants for making this year's
Trading Challenge the best ever."
The following winning teams will receive a cash prize and are
invited to attend a one-day market education conference at CME
Group on April 10:
University – Team
Name
|
Final Simulated
Account Balance
|
Ozyegin University–
OzU Invest
|
$534,672.50
|
University of Alabama
at Birmingham – UAB Blazers
|
$490,287.50
|
Boston University –
Big Hero Five
|
$474,843.13
|
Carnegie Mellon
University – Carnegie Mellon
|
$458.655.00
|
CME Group has made risk-management education a top
priority. In addition to offering interactive events like the
Trading Challenge, CME Group provides education about the global
economy and markets with a variety of tools. Recently, the
company launched Futures Institute, an innovative new online
platform for futures and options education, trading simulation and
market research. The Futures Institute works with partners
across the industry to distribute best-in-class education offering
a blend of live instruction, interactive training modules, market
research and training. In 2014, CME Group's risk-management
endeavor was Futures Fundamentals, an innovative website 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. Additionally, CME Group, in partnership with the
National 4-H Council, offers a Commodity Carnival game and a new
interactive app, Risk Ranch, which educates kids about managing
risk in agriculture.
About CME Group
As the world's leading and most
diverse derivatives marketplace, CME Group (www.cmegroup.com) is
where the world comes to manage risk. CME Group exchanges offer the
widest range of global benchmark products across all major asset
classes, including futures and options based on interest rates,
equity indexes, foreign exchange, energy, agricultural commodities,
metals, weather and real estate. CME Group brings buyers and
sellers together through its CME Globex® electronic trading
platform, its trading facilities in New
York and Chicago, and
through its London-based CME
Europe derivatives exchange. CME Group also operates one of
the world's leading central counterparty clearing providers through
CME Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded
contracts and over-the-counter derivatives transactions.
These products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. KCBOT, KCBT and Kansas
City Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri, Inc.
All other trademarks are the property of their respective owners.
Further information about CME Group (NASDAQ: CME) and its products
can be found at www.cmegroup.com.
About CQG, Inc.
CQG, Inc. (www.cqg.com) provides
high-performance trade routing, global market data, and advanced
technical analysis. CQG partners with more than one hundred Futures
Commission Merchant environments and provides Direct Market Access
to more than forty exchanges through its global network of
co-located Hosted Exchange Gateways. CQG's server-side order
management tools for spreading, market aggregation, and smart
orders are unsurpassed for speed and ease-of-use. CQG's market data
feed consolidates more than seventy-five sources, including
exchanges worldwide for futures, options, fixed income, foreign
exchange, and equities as well as data on debt securities, industry
reports, and financial indices. CQG has received the Prop Traders'
ISV of the Year award from FOW and the Best Technical Analysis
Platform award from The Technical Analyst. CQG is
headquartered in Denver, Colorado
with sales and support offices worldwide.
CME-G
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SOURCE CME Group