A team from the University of Warsaw won the Rotman European Trading Competition (RETC), organized on 26 August by University of Toronto’s Rotman School of Management/Luiss Guido Carli University of Rome and supported by the Institute.
This one-day invitational online event allows teams of four students to participate in a mock market where they face simulation cases including commodities, equities, and bonds. It is designed to reward the participants’ ability to accurately price securities and formulate profitable, risk-adjusted trading strategies. Thirty-one schools from 19 countries across Europe registered for the event.
One of the two teams from the University of Warsaw (Team A) came first for the three case studies, the interest rate case presented by the EIB, the electricity trading case presented by Enel and the algorithmic trading case presented by Intesa San Paolo.
Team B from Warsaw came second overall and the team from the University of Bratislava came third.
The structure of the RETC is similar to the very successful Rotman International Trading Competition (RITC), held annually in Toronto by the Rotman FRT-Lab of the Rotman School of Management at the University of Toronto, where 50 schools from around the world meet and compete in simulated markets.
The EIB, through the Institute has been cooperating with Luiss (Libera Università Internazionale degli Studi Sociali) in the fields of academic research, teaching and training since 2018. A STAREBEI research grant was signed in 2019 on “Changes in the European Financial Markets and the Financing of Non-Financial Firms”.