Whitman Students to Compete in NYMEX Challenge
Seven seniors, juniors, and sophomores from the Whitman School of Management at Syracuse University will compete in the 2008 Commodities Challenge, a trading competition with cash and internship prizes sponsored by the New York Mercantile Exchange (NYMEX). The Whitman School was invited to participate in the challenge during a recent NYMEX visit sponsored by David Greenberg '86 BS.
Students will compete regionally through March 14 in a simulation of off-the-floor trading with a mock account balance of $100,000. If a team’s account balance drops below zero or below the minimum margin, the team is disqualified. Teams will also have the opportunity to simulate trading on the NYMEX floor in an “open cry-out” challenge. The winning team is the team with the highest account balance.
"Whitman students had the opportunity to participate in open outcry trading during our visit to the NYMEX. It was a great experience, and we look forward to taking on this challenge," says Brian Scasserra '10 BS and the Investment Club president. "And it's a thrill to be involved and learn from the experience no matter how our team fares."
Winners of the regional competitions will advance to the national final, where teams will be issued a mock account balance of $250,000. A winner will be announced April 8.
For more information, contact Betty Ross, Ballentine Investment Institute, Whitman School of Management, at (315) 443-7229 or firstname.lastname@example.org.