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New Zealand University Students Achieve 700% Return on Investment in CMC Markets National Trading Challenge

Strategic Insights

— 2 min read

In the CMC Markets National Trading Challenge, University of Auckland engineering students, Patrick Sun and Joshua Dawes, secured the top spot with a 700% return on investment. The competition encourages students to develop trading strategies, allowing them to trade financial derivatives instruments through CMC Markets' online platform. This year, the event attracted 296 teams, a significant increase from the 100 teams in the previous year. The students' experience highlights the importance of remaining calm during market fluctuations and learning from mistakes.

Key Takeaways:

  • The winning team, Patrick Sun and Joshua Dawes, achieved a 700% return on investment, significantly outperforming the competition.
  • The CMC Markets National Trading Challenge has grown exponentially, with 296 student teams participating this year, compared to 100 teams in the previous year.
  • The competition aims to empower students to develop their trading skills and strategies, providing a real-life experience that prepares them for the workforce.
  • The winning team's strategy involved leveraging volatile assets, setting take-profits, and stop-loss values, and remaining calm during market fluctuations.
  • The competition provides students with a unique opportunity to test their skills, learn from their experiences, and develop new trading theories.
  • The Management Consulting Club (MCC) and CMC Markets have a long-standing partnership, supporting the development of undergraduate students with an interest in trading and finance.
  • CMC Markets offers students a market-leading online trading platform, allowing them to trade financial derivatives instruments.

Statistics:

  • 296 student teams participated in the 2015 CMC Markets National Trading Challenge.
  • The competition attracted 100 teams in the previous year, representing a 296% increase.
  • The winning team achieved a 700% return on investment.
  • The competition offers students a real-life experience, providing them with a competitive edge valued in the workforce.
  • CMC Markets has a long-standing partnership with the Management Consulting Club (MCC), supporting the development of undergraduate students.

Sources:

  • University of Auckland engineering students, Patrick Sun and Joshua Dawes, secure top spot in CMC Markets National Trading Challenge, with a 700% return on investment. (Source: CMC Markets, October 12, 2015)
  • CMC Markets National Trading Challenge attracts 296 student teams, a significant increase from the 100 teams in the previous year. (Source: University of Auckland, October 12, 2015)
  • Chris Smith, General Manager of CMC Markets New Zealand, comments on the importance of supporting the development of undergraduate students. (Source: CMC Markets, October 12, 2015)
  • Jessica Channing and Hayden Berkers, Co-Presidents of the Management Consulting Club (MCC), highlight the value of the competition in developing students' skills and knowledge. (Source: University of Auckland, October 12, 2015)

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