Ready, set, trade!

SKIP TO CONTENT

Ready, set, trade!

Each year during semester break, students studying our Bachelor of Business, Master of Finance or Master of Marketing have the opportunity to participate in our annual Trading Competition.

The 2022 instalment was held last week in our Trading Facility at our city campus.

Once the bell rang 49 students, grouped in teams of three and acting as brokers or banks in a major foreign exchange dealing room, battled it out to generate as much profit as possible by making simulated currency trades based on live market data.

Well done to Rajasimhan Yuvraj, Sankar Kumar Jothimurugan and Savenaca Vocea who took out the win after generating the most profit during the simulation.

Financial Planning student, Jackson Edwards, said the competition helped him to apply his knowledge from his studies in a practical way.

“I found when I started it was quite difficult but through the experience, I was able to develop my skills and at the end felt far more confident in my ability to trade on foreign markets.”

Chi Ching who is studying Economics and Finance said it was a great experience but generating profit was more difficult than she expected.

“Making money is actually really hard, you have to make sure you don’t spend too much.”

RMIT Trading Facility Manager and Senior Lecturer, Tim Pfitzner, said:

“This was the second time we’ve held this competition, which gives our students an opportunity to apply the skills and knowledge their gaining through their studies in a fun and practical way.

“This year we opened the competition up to students outside of the finance field to help them get some insight into how financial markets work and improve their financial literacy and understanding.

“But most importantly, the competition is really an opportunity for our students to gain experience, have fun, learn something new and meet new students at RMIT,” said Tim.

Student looking at computer

About our Trading Facility

The RMIT Trading Facility (RTF) is amongst the largest tertiary-based facility of its type in Australia, located on Level 4 in Building 80.

The RTF is the only facility of its size that receives live data from the world’s leading source of intelligent information for businesses and professionals – Refinitiv (London Stock Exchange).

The courses and programs run in the RTF use this market data in real-time trading simulations and technical workshops for multi-asset portfolio and risk analysis, hedging, money market and foreign exchange instruments trading of all of which are conducted at real-time market rates.

15 July 2022

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