Economics students win University Trading Challenge
A team of City University London Economics students has won a national financial trading competition. The four undergraduate students claimed the 2014 University Trading Challenge title at an event at Kingston University. Aizhan Seksenbayeva, Anastasia Bolshakova, Anna Kharchenko and Romans Sokolovs made up City's winning team.
At the event, the students were required to tackle three challenges, including a pitch with risk analysis and execute trading strategies. They were also asked to manage a portfolio of assets over a four-week period prior to the final day using simulated trading software from CapitalWave Inc, which ran the event.
Anna Kharchenko said: "We thought it would be fun to take part in a competition for City but didn't think we had a chance of winning. However once we began competing in the various tasks we really started working together as a group and developed a trading strategy that earned us millions in virtual money. When the results were announced, we couldn't believe that we were in first place, it was such a pleasant shock." Anna described the experience as "amazing and interesting" adding, "I truly enjoyed myself and I'm so glad I participated, even just for the memories."
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Eighty students from 11 universities participated, with the University of Derby finishing second and the University of Greenwich finishing third.
The challenge is designed for undergraduate and postgraduate students studying finance, economics, mathematics and business. It is open to participants from any university and aims to give students experience in dealing in financial markets.
In business and project management, risk analysis is a process that involves gathering data and synthesizing information to develop an understanding of the risk of a particular enterprise.