2010 Interactive Brokers Collegiate Trading Olympiad cancelled

Andy Nguyen

Member

Uncle Max

Member
Yeah, it was great exercise for students with a potential to make 100K.

Probably IB didn't get outcome they've expected from this Olympiad.

Or maybe they afraid that Madoff will enroll to a university from jail and participate in the Olympiad taking down first prize by trading from paper-account (he is an expert doing that).
 

alain

Older and Wiser
It would be interesting to find out the reason for canceling the contest. Does it mean the event is done for good? or, does IB expect to sponsor the event again in the future?
 

dstefan

Baruch MFE Director
One of the primary reasons for having the Olympiad was to select candidates for full-time jobs at IB and TH. That was not necessarily the case.
 

Andy Nguyen

Member
Students can have access for a longer period (2 semesters), they can reset their 1M account anytime. This gives more time to learn the process properly without the pressure in the context of a trading contest.
I think from IB point of view, this gets their API platform to a wider audience (highschool students now included). There is no downside to them since there is little or no capital involved.
 

Uncle Max

Member
The timing of Olympiad wasn't good either. It usually started right after the final exams, so those who studied hard couldn't spend much time to put a decent strategy in place and those who didn't study hard were no longer students to qualify.
 

ramnik

Member
I've been notified by Mr. Andrew Wilkinson that IB has cancelled the Interactive Brokers Collegiate Trading Olympiad for 2010 and instead introduced something called IB Student Trading Lab
http://www.interactivebrokers.com/en/general/education/IBStudentTradingLab.php?ib_entity=llc
Well wondering if this is for the better or the worse. It would mean much much more time for testing, tweaking and experimentation while kills the potential of a 1,000$. Guess I'm good.
You hear it first here at Quantnet.
I love these catchy phrases.
 

WilliamY

Member
Learn How To Trade

How can I get better at trading in this environment? Since trading can be taught/learnt to a certain extent, what are some fundamental strategies/rules of engagement?

Please share some relevant references. Thanks.
 

alain

Older and Wiser
Three strategies:

1) Buy low, sell high
2) Buy high, sell higher
3) Sell low, buy lower
 

ramnik

Member
I hope to get my paper account soon. I have some open source projects that people who done the Olympiad can contribute. That may benefit the Quantnet community as a whole.
Aha some nice nice things you got swirling in your head. I'm hopeful to get mine soon too. \me waits to get my hands dirty with some open source coding soon.
 
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