In the MSc in Banking and Finance program, students use real-time trading simulation software developed by Rotman Business School to learn about the mechanics of financial markets. The software is installed on 16 PCs in our FinanceLab. The FinanceLab enables classes of students to work in teams on live case studies in the three modules “Investments”, “Alternatives Investments” and “Risk Management”.
In 2018, a team of four ZHAW students had the opportunity to participate in the related Rotman European Trading Competition (RETC) organized every two years by LUISS Business School in Rome. In this event, 39 European universities compete against each other to find the best student trading team. Switzerland was represented by Petra Bernasconi, Wenni Lin, Kanan Mammadzada, and Simone Cera from ZHAW.
During the competition, our students had to participate in six live challenges. In the first, a case called “Social Outcry” a hectic floor trading environment was simulated using paper trading tickets. A “Quantitative Outcry” case involved two different roles: analysts on the first floor running quantitative models and floor traders communicating with their analysts using sign language. Analysts and traders wore colorful hats and clothes to spot each other in the crowd.
ZHAW student team achieved rank 16 of 39
For the “Electricity Case” students also assumed different roles, such as producers of electricity, distributors, and traders while for the “Liquidity Case” students had to accept or reject external orders. In the “Credit Risk” case, traders used a scoring model combined with a structural model to evaluate corporate bonds, and the final case on interest rate trading offered an opportunity to trade on the impact of macro news on bond prices.
The teams from Eastern Europe were very strong. The overall winning team was from Warsaw University while the ZHAW team achieved rank 16 of 39. Beyond improving their technical skills, students had the opportunity to connect to other students across Europe and make friends.
We look forward to participating in this and similar events in the future.