TAKING STOCK: COLLEGE STUDENTS COMPETE
IN MOCK TRADING COMPETITION AT UH
HOUSTON, April 11, 2007 – About 100 students from across
the country will experience the high stakes intensity and dynamics
of energy trading and hedging during the sixth annual Open Outcry
Competition April 14 in the AIM Center at the University of Houston’s
C.T. Bauer College of Business.
Students from the University of Houston, The University of Texas
at Austin, Rice University, Texas A&M University, the University
of Texas at Dallas, Oklahoma State University, Texas State University,
the University of Richmond (in Richmond, Va.) and Quinnipiac University
(in Hamden, Conn.) will compete in the event, which is sponsored
by the New York Mercantile Exchange (NYMEX), BP, Shell, Merrill
Lynch and others.
Just as NYMEX traders do, participating students will fill hypothetical
orders on behalf of their clients, weighing the consequences of
news events such as weather changes, pipeline transportation problems
and in-ground storage issues that may affect supply and demand.
Once the market opens, students will negotiate price and quantity
for commodities futures in “open outcry” fashion. That
is, students will cry “buy” or “sell,” depending
on their needs and market prices.
Participants will be judged on how well they execute their customer’s
orders and how well they trade. Winners will be awarded cash scholarships.
“This is always entertaining, but along with all the frantic
fun, there’s an excellent opportunity for the students to
gain valuable first-hand market experience,” said Praveen
Kumar, chair of the finance department at the Bauer College.
||Open Outcry Trading
||About 100 finance students
from nine universities across the country
||Saturday, April 14,
||9 a.m. – 11:30
11:30 a.m. – 12:15 p.m.
12:15 p.m. – 1 p.m.
1 p.m. – 2 p.m.
2 p.m. – 2:30 p.m.
2:30 p.m. - 3 p.m.
|Opening remarks, panel
discussion, practice trading round
Initial round of competition
Second round of competition
Lunch and judging
Final round of competition
Awards and closing remarks
||AIM Center for Investment
Management, Melcher Hall, University of Houston, Entrance 1
For more information about UH visit the universitys Newsroom at www.uh.edu/admin/media/newsroom.