Skip to main content

The ICMA Centre is Top European School in International Financial Trading Competition

The ICMA Centre has once again proved that it is one of the top finance schools in the world when it came joint 4th out of a field of 44 international schools in the 2010 Rotman International Trading Competition held at the Rotman School of Management, University of Toronto. This result is in line with the ICMA Centre's track record of finishing in the top 10, and usually top 5, in all previous Rotman competitions. The team of four traders- Ioannis Oikonomou, Dimitris Korovilas, Aditya Pandit and Juan Cepeda Murcia - beat a veritable who's who of finance schools to take joint fourth place. Top place went to MIT, the closest European university was Luiss University which came 30th, and the next UK school was CASS Business School which was ranked in 33rd place

The competition involved a series of different assessed cases that required trading either in an electronic environment or in the trading pit. Competitors had to trade a variety of financial instruments including corporate bonds, energy futures, stocks that were simultaneously traded in different markets, and futures on a stock index.

"As recent events in world markets have shown only too clearly, skill and competence in trading and analysis are critical both to success and to survival in modern markets. This result shows that our graduates are among the best in the world and that the time and effort invested in our dealing rooms and our trading simulation software (ICTrader) was well spent ? to the benefit of us and future members of the finance professions.?, said Dr Michael Smith dealing room director at the ICMA Centre.

"Making it to the top of the competition requires a very diverse set of skills. One has to be numerical enough to create the appropriate pricing models, and strategic enough to find the most efficient ways to trade,? commented Ioannis. ?Being in the trading pit during the quantitative outcry session and trading against 87 people from top schools, some of them with significant trading experience, was like being thrown into a pool of sharks?, added Dimitris.

Published 3 March 2010

You might also like

New project with Cambridge and 12 global asset managers to advance value of sustainable investing

1 November 2013
Dr Andreas Hoepner, Associate Professor of Finance and Rupini Rajagopalan, PhD student, both from the ICMA centre, Henley Business School have been recently working together with the University of Cambridge Programme for Sustainability Leadership (CPSL) on a new project to advance the value of sustainable investing.
Business News

ICMA Centre Student Commended

25 June 2007
ICMA Centre student, Afua Addae (pictured here with fellow student Aleksander Petreski), who studied the MSc in Financial Risk Management, has received the commendation of runner-up for the Eurekahedge prize for the best paper on hedge funds after working on a major project based on Eurekahedge data for her MSc. After completing a BSc degree in Chemical Engineering in Ghana, Afua moved to the UK and decided to study at the ICMA Centre after working for a year and a half with Nationwide Building Society, UK. She will graduate in July 2007 with a merit. During her MSc study she worked part time as a research consultant with Lepus Management Consultancy, a risk management consultancy in London where her researches on ?Basel II Implementation: Lessons Learnt from the First Round of IRB Applications', ?The Risk and Regulatory Environment in Commodity Trading' and ?Rogue Trading', have been published on Lepus' Risk Monthly Reports.

The rise of the Coach in the English Premier League

18 January 2019
Could the number of hugs given to players be the main difference between the popularity of Jose Mourinho and Jurgen Klopp? Despite the limitations in the Manager's authority defined by the club, Klopp enthusiastically displays the people management elements of the Coach.
Business News