The Baruch College’s Master of Financial Engineering (MFE) program won 1th place (out of 52 teams) at 13th Rotman International Trading Competition held in February 2016 in Toronto.

This was a record-breaking year and a unique win in the history of the competition:

we won three of the six events (commodities trading, credit risk, sales & trading), were second in equity valuation, and third in algo trading

– the difference between first place and second place was more than the difference between second place and seventh place

– our overall score establishes a new all-time record, previously held by MIT since 2011

– 52 teams representing academic institutions from four continents competed, also a new all-time record

Congratulations to our winners, Sandeep Bangar, Allen Long Chen, Rui Ge, Anik Roy, Mingda Ke, Raymond Wong! They were extremely consistent and followed the pre-designed strategy and not being lured by potential “break-the-bank” strategies.

The Baruch team received preparation assistance from Professors Jarrod Pickens and Richard Holowczak, with help from dedicated alumni who participated in the competition in prior years, including Eugene Krel (RITC’09 and coach of the teams through 2014), Juan Pablo Alonso (RITC’14), Yike Lu (RITC 2011 and 2012), and Zhechao Zhou (RITC’12).

This results fits into the consistently stellar performance of Baruch MFE teams over the years: 4th in 2014, 3rd in 2013, 1st and 4th in 2012, 3rd in 2011.

The universities and colleges that participated this year, along with their standings, include LUISS University of Rome (2) and University of Calgary (3), financial engineering programs from NYU (8), Carnegie Mellon (11), UC Berkeley (12), Chicago (17), Columbia (19), Rutgers (33), Princeton (39), Boston University (43), and undergraduate teams from MIT (10), Dartmouth (21), and Duke (31), among others.