Winning spirit

Four MIT Sloan undergrads take home first prize at the Rotman International Trading Competition

AuletWinners at the Rotman International Trading Competition, from l-r: Joseph Huan, Gama Le Bouder, Kanjun Qiu, and Ben Huan. (Photo by William Chiu)

The MIT Sloan Trading Room Task Force recently took first place in the seventh annual Rotman International Trading Competition hosted by the University of Toronto’s Rotman School of Management in downtown Toronto.

The team consisting of undergraduates Joseph Huan, Benjamin Huan, and Gama Le Bouder, all SB ’11, and Kanjun Qiu, SB ’12, took home $5,000 CAD in the three-day competition which featured 44 teams of graduate and undergraduate students from 39 schools all over the world. Joseph Huan and Benjamin Huan are double majors in management science and electrical engineering and computer science (EECS). They also co-lead the MIT Sloan Trading Room Task Force. Bouder is pursuing his SB in economics and Qiu is a sophomore in EECS. Professor Andrew Lo, director of the MIT Laboratory for Financial Engineering, is the team’s faculty adviser. The Trading Room Task Force team has competed in the past, but this is the first time it has won first place.

Professor Lo said, “The MIT Sloan Trading Room Task Force has accomplished remarkable things, of which the recent win at the Rotman International Trading Competition is just one of many examples. We congratulate Ben, Joe, Gama, and Kanjun for this singular achievement and expect great things from them in all their future endeavors.”

Qiu said winning was a pleasant surprise. “Honestly, until the moment they announced us first, we all thought that winning was impossible. We definitely weren’t expecting to do as well as we did, and it was a great surprise,” she said.

The team’s longtime administrative adviser, Virginia Gifford Reckley, said the team could attribute its first place win to a powerful work ethic and solidarity among the four members. “I am overjoyed for them. All of their hard work has come to a successful culmination,” she said.

The top five teams in the competition were (in descending order) the MIT Sloan Trading Room Task Force, Babson College, University of Queensland (Australia), University of Reading (United Kingdom), and Texas A&M University.

A second MIT team also competed and was ranked 41st in the competition.

Article courtesy of News@MITSloan