Five Smeal students compete in international trading competition

UNIVERSITY PARK, Pa. -- Several Penn State Smeal College of Business students in finance competed in the Rotman International Trading Competition, held last month at the University of Toronto, and placed fourth among U.S. schools.

After two months of intensive practice, Robert Amberger, Yihua Ma, Daniel Morales, Ryan Puketza and Hong Tang traveled to Canada to compete against more than 40 business schools from around the world. The Smeal team earned 17th place overall.

According to David Haushalter, associate professor of finance, the competition gives students an opportunity to experience trading in a situation that mimics the real world. Haushalter also directs the Rogers Family Trading Room, a learning laboratory at Smeal that enables students to experience real world financial markets.

Morales said that the experience was a valuable part of the competition for him: “It’s the closest thing you can get to actual trading without risking real money.”

Over the hectic two-day competition, students also found time to network with other students from around the world as well as corporate representatives.

The Rotman International Trading Competition is the world’s largest trading competition and is hosted by the University of Toronto’s Rotman School of Management.

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Last Updated September 10, 2013