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           Sponsors

   CME Group
Trading Technologies


   Mirant Corporation
   TXU/Luminant
   Geneva Trading
   Sequent Energy
   Webster Capital
   Aardvark Energy
   ConocoPhillips
   CitiGroup
   Entergy
   Shell Trading
   Sempra Energy
   LIM
   Johnson Rice
   Goldman Sachs

Tulane Energy Trading Competition 2009
trading competition

Summary Event Description

The 2009 Tulane Energy Trading Competition was comprised of two distinct trading rounds:

  • Remote Round (Qualifying Round for the Finals)
  • Final Round

The Remote Round is a team-based remote electronic trading event and runs for two weeks. The Final Round, showcasing the top 7 teams (28 students), was an individual-based electronic trading event hosted at Tulane University in New Orleans, Louisiana. The format on the Final Round was based on strategy formulation and presentations in a state-of-the-art simulation environment where students will face several energy market events and the winners were determined by a panel of industry executive judges.

Remote Round

The Remote Round of the Trading Competition was based on risk-adjusted profit and loss using the Ulcer Index (click here for more information). Results included both the unadjusted gains/losses and the risk-adjusted scores that included certain trading penalties assessed.

Remote Round Details:

  • 4-Person University teams
  • 21 Teams (84 students) from 13 schools participated in this round
  • Traded Live CME Group Natural Gas & Crude Oil Futures
  • Competition lasted 2 weeks from 8am - 4pm Monday - Friday of each week
  • Used Trading Technologies X-Trader Software to Trade (Provided)
  • Used Thomson Reuters 3000Xtra Software to analyze & chart the market (Provided)
  • All students offered software training by Sponsors
  • Results & Rankings were Risk Adjusted (Ulcer Index)

Remote Round Daily Results

  • October 23rd Results (End of Remote Round Results) click here
  • Detailed Team Results with Ulcer Index Chart - click here

Final Round

The Final Round consisted of an individual-based competition whereby the top 28 students, based on the risk-adjusted team results, were invited to participate in the Final Round. The Finals took place at Tulane's New Orleans campus in the Tulane Trading Center, a $3 million state-of-the-art trading center that incorporates both live trading simulations as well as the ability to create specific case simulations to teach students different market situations in the fast-paced energy markets.

Final Round Details:

  • 28 students participated in this round
  • Individual-based case-oriented trading simulations
  • Traded Simulated CME Group Natural Gas & Crude Oil Futures
  • Format:
    • Students presented 60 second strategy pitch to Judges
    • Judges interacted with students before, during & after trading
    • Each sessions trading results were compiled for Judge review
    • Students presented 60 second explanation of actual results to Judges
    • Judges ranked students based on presentation, strategy, & results
  • 21 Executive Energy Judges from 14 firms were present & participated
  • Used Trading Technologies X-Trader Software to Trade
  • Used Thomson Reuters 3000Xtra Software to analyze & chart the market
  • All students offered software training by Sponsors
  • Results & Rankings were Risk Adjusted

Final Round Results:

click here

 

 For more information, please email trading@tulane.edu with requests for additional details.

 

 

Last Updated 9/11/10
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