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Baruch MFE Baruch MFE wins RITC 2016

dstefan

Baruch MFE Director
Joined
5/19/06
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1,335
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The Baruch MFE team won the 2016 Rotman International Trading Competition (RITC) that took place at University of Toronto, January 19-20, 2016.

The Baruch MFE team won an unprecedented three of the six events (commodities trading, credit risk, sales & trading), was second in equity valuation, and third in algo trading;

Congratulations to our winners, Sandeep Bangar, Allen Long Chen, Rui Ge, Anik Roy, Mingda Ke, Raymond Wong!

The overall score for first place established a new all-time record (previously held by MIT since 2011) and the difference between first place and second place was more than the difference between second place and seventh place.

A record number of 52 teams representing academic institutions from four continents competed this year, including the Top 5 MFE/Math Finance programs from the 2015 QuantNet Ranking.

This results fits into the consistently stellar performance of our students over the years: 4th in 2014, 3rd in 2013, 1st and 4th in 2012, 3rd in 2011 (did not participate in 2015).
 
Also, a Baruch MFE student recently won the ``Solve-a-thon at MIT" trading competition organized by WorldQuant and a cash prize of $10,000 for achieving a score of over 100,000 (calculated based on alpha generation) in less than two months. It was a clear win of trading skill - out of over 700 participants, the next highest score was 55,000, and only 7 participants ended up with a score above 5,000.

In addition to Baruch, the following US universities had competitors with winning scores: Columbia, RPI, Yale, Princeton, MIT, University of Maryland.
 
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