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International competition showcases Business School’s “commitment to experiential learning”

14 Mar 2018

University of Sydney student involvement in a prestigious international trading competition has demonstrated the outstanding benefits of the Business School’s “focus on experiential learning”, according to Associate Professor of Finance, Joakim Westerholm.

Rotman International Trading Competition

The Rotman International Trading Competition (RITC) is an annual international event where students compete in a 3-day simulated market challenge.

There are three sections of the competition, including Liquidity Trading, Price Discovery and Market Making, with three rounds in each section. The winners were selected based on their ranked total performance across the nine trading scenarios.

“Competitions like this allow students to interact and network with peers of soon to be graduating students from all around the world, get practical experience of decision making under stress in a realistic trading floor environment and have exposure to an international environment,” said Associate Professor Westerholm.

“The Business School’s involvement in the RITC shows our commitment to experiential learning that has relevance to the real world,” said Associate Professor Westerholm.

The University of Sydney team placed in the top half of the competition, coming 23rd out of 52 schools.

“The Rotman International Trading Competition was an amazing experience. It feels great to compete with those talented top school finance students and see the shortage of myself both on the academic knowledge and trading practices,” said Business School student Phoebe (JunJun) Chen.

The Business School’s team also included Jacob (Chenfei) Sun, Alexander Lekovic, and Amy (Jiangmei) Zhong.

“RICT is like a small scale of the real trading world. Teams that able to build strategic models with theory, process information from the noise, quantify uncertainty and manage risks could achieve a great performance in the competition,” said Phoebe.

“I’ve learnt to be calm, be confident and practise more.”

“Our academics go the extra length for the benefit of students,” said Associate Professor Westerholm. “They’re willing to encourage students to network and find contacts globally which is important for their future career.”

“Taking part, experiencing the learning benefits, and learning from the competition is of course more important than winning,” said Associate Professor Westerholm.