Rotman International Trading Competition, Legit?
http://ritc.rotman.utoronto.ca/results11.asp
The above URL links to the 2011 rankings. Apparently, Wharton is somewhere in the middle. Is this a good representation of the schools?
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Yes, that's exactly where the Wharton kids placed. Those rankings are 100% quantifiable. Granted this comp has students from 3rd year undergrad to uChicago finance PhDs, but plenty of undergrad schools beat the undergrad Wharton traders. MIT was all 4th year Msc undergrads, 3 of them with prop trading jobs lined up.
I think one of them was a junior. The others are in algo trading now.
Search for Gama Le Bouder.
Can't believe Baruch came in 3rd...
hahahah its just a competition. The thing I didn't like about RITC is some schools take so seriously. Like MIT, UK schools, some other US schools you have to interview and like be the best of your school to go there. While others from some Canadian and US schools I know for a fact 4 people made a team and did the pre-reads in two nights.
Overall it's a ton of fun.
Definitely one of the coolest comps you can go to in North America. And yeah the Baruch kids were quite smart, I mean they won the algo competition which is considered the toughest
http://mfe.baruch.cuny.edu/the-baruch-mfe-program-won-the-2012-rotman-i…-trading-competition-ritc/ http://ritc.rotman.utoronto.ca/documents/Final%20Scorecard%20RITC%20201…
^ That's pretty interesting.
Actually just popped a boner over this news
The Baruch MFE program has an acceptance rate of 6%. It competes with all the Ivy League's.
The average quant score on the GRE for incoming students is an almost perfect 794.
I went this last year, it's definitely legit. I spoke with the guy who designed the cases, and I think there's a good reason that some schools won and some didn't. Some schools were trying strategies that tend to work in the real world but aren't that quantifiable, and people using those methods got slaughtered.
Extremely wide range of kids. If you look through the profiles, you had everyone from undergrad freshmen and sophomores to graduate students, all with extremely varying backgrounds.
The algo case was a bitch because interestingly enough finding programmers for C or anything related is quite easy, but fucking nobody knows VBA.
Kids usually came from their schools investment fund, MSF programs, or something similar.
Also, I think it's somewhat foolish to assume that highly ranked schools make the best traders. Traders have such a wide array of backgrounds, especially depending on the product, that it's impossible to predict the performance of a trader by his school. Sure, it may make it easier to leverage into a trading job in the future, but it doesn't mean they've been trained at those firms yet.
Rotman Trading Competition (Originally Posted: 11/28/2012)
Has anyone been to the Rotman Competition?
Reflections? Crucial need to knows?
bump
Rotman International Trading Competition (Originally Posted: 08/09/2010)
hello. i'm wondering if anybody on here has been to the rotman international trading competition? i knwo that they have a website at http://ritc.rotman.utoronto.ca/ but itd be nice to get some feedback from people on here thta have been or heard about it how it is before i sign up
lol Did you just post on Quantnet?
haha yeah nobody responded to me
I went to Villanova and I know they have done it in the past. I have heard good things. Pushing for us to go this year.
What are your questions pertaining to it? The CME has a similar competition if you and your school is interested.
Heard great things about it too. Pushing for my school to go!
yeah i looked into the CME one except the Rotman one has algorithmic trading. plus the winner last year got to ring the bell on the toronto stock exchange. not sure exactly what the prizes are for cme but i bet theyre good
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