After months of competing against teams from top-tier universities, teams from Vlerick University and Brigham Young University came out on top
On Dec. 2nd, teams of undergraduate and graduate students from universities around the world joined Peeptrade at the University of Chicago. A panel of experts in asset management served as judges and determined the teams that best managed a portfolio. After the judges deliberated, they announced the winning teams:
Undergraduate Global Investment Challenge winners:
First Place: Marx to Market Investments from Brigham Young University (BYU)
Second Place: AXE Capital from Monterrey Institute of Technology and Higher Education, Mexico City (ITESM CCM)
Third Place: UDC team from University of the District of Columbia (UDC)
Graduate Global Investment Challenge winners:
First Place: Wall Street Wizards from Vlerick Business School
Second Place: R.O.A from Nanyang Technological University, Singapore (NTU)
Third Place: Bobcats Mad Money from St. Thomas University (STU)
Peeptrade formed the University Challenge program last year to give graduate students an opportunity to get hands-on experience with the financial markets. This year, Peeptrade expanded the list of participating schools and add a tier for teams from undergraduate schools.
“We created this program to give students real-world experience in the financial markets. Our vision is to extend this learning opportunity to as many universities across the globe as possible.”– Juan Mendoza, Co-founder, and CEO of Peeptrade
Tyler Morrey, captain of championship team Marx to Market Investments: The Peeptrade University Challenge gave us the drive to research and implement analytical methods, such as Deep Learning, that are far more complex than the methods found in our coursework.
Peeptrade partnered with NADEX, premier US-based, regulated exchange for binary options and spreads. This partnership allowed Peeptrade to expand its program to students in 15 different countries.
“On behalf of Nadex, I would like to thank Peeptrade and all of the participants in this fall’s University Challenge. As a trader/investor myself, and now a Director at Nadex, an exchange designed for the individual trader providing 100% limited risk products to the retail world, I have spent my life teaching the principles of risk management and the need to never stop learning about the markets. That is why I am very thankful to be involved in this University Challenge and I trust each of the teams, and every individual participating, learned a great deal as the competition progressed and will take away lessons that will serve them well for a lifetime. I very much look forward to this spring’s challenge!” – Dan Cook, Director at Nadex
Joel Quintanilla Garza, member of championship team Wall Street Wizards: I was driven by two guiding principles during the Peeptrade Challenge. The first was that critical decisions should be made with mind, heart, and soul in alignment. Second, we should not focus only on numbers when making trading decisions – intuition is also important.
“This has truly been the most exciting competition we’ve had yet. We’re looking forward to seeing if Vlerick and BYU can defend their title in the next challenge!” – Ali Bakir, Co-Founder & COO of Peeptrade