Cedarville Students Participate in a Real-World Trading Competition

Trading Challenge Fordham University

A team of four Cedarville students participated in the Third US University Trading Challenge in New York City.

by Kat Meakem

April 11, 2014

Over spring break, four Cedarville students participated in the Third US University Trading Challenge hosted by Fordham University on March 7, 2014.

The only team composed of undergraduate students at the trading challenge, Cedarville placed fourth out of the six schools competing. Solidly in the top four, they were just points away from Georgia Institute of Technology in third place and Simon Graduate School of Business (University of Rochester) in second place.

James Grinalds, the team’s founding member, shared, “Participating in this competition kindled a passion in each of us. As a team of primarily freshmen, we are looking to go to more competitions in the next four years.”

The four students who participated were James Grinalds, a freshman mechanical engineering major from Montgomery, Ohio; Will Watterson, a freshman finance major from Midlothian, Va.; Zachery Cole, a freshman computer engineer major from Lexington, Ky.; and Josh Willenbrink, a sophomore public administration major from Cincinnati, Ohio.

Participants in the challenge experienced a simulation of trading in the realworld. The competition tested the teams’ abilities in a variety of areas including analyzing, strategizing, decision-making and presenting.

There were four main categories of simulated situations: the real market news trading challenge, the portfolio trading challenge, the risk management case-study presentation and the swap investment case-study presentation.

According to Grinalds, “The simulation program used at the trading challenge is the same one top companies use to train their market executives. We did everything we could possibly be doing without using real money.”

Participants in the trading challenge gained real-life perspective into the world of capital markets. This competition also provided an invaluable opportunity for graduate and undergraduate students to network and discover potential internships and jobs.

Located in southwest Ohio, Cedarville University attracts 3,400 undergraduate, graduate and online students to more than 100 areas of study. Inspiring greatness for over 125 years, Cedarville is a Christ-centered learning community recognized nationally for rigorous academic programs, strong graduation and retention rates, accredited professional and health science offerings and leading student satisfaction ratings. Visit the University online at www.cedarville.edu.