Tulane Energy Trading Competition 2009

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.