CEDARVILLE — Four Cedarville University students participated in the Third U.S. University Trading Challenge hosted by Fordham University in March.
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.
“Participating in this competition kindled a passion in each of us,” said James Grinalds, the team’s founding member. “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.
Participants in the challenge experienced a simulation of trading in the real world. 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.
“The simulation program used at the trading challenge is the same one top companies use to train their market executives,” said Grinalds. “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.