{"id":8305,"date":"2018-04-13T18:00:10","date_gmt":"2018-04-13T18:00:10","guid":{"rendered":"https:\/\/losfresnosnews.net\/?p=8305"},"modified":"2018-04-13T18:00:10","modified_gmt":"2018-04-13T18:00:10","slug":"utrgv-finance-students-take-first-place-in-international-cme-group-trading-competition","status":"publish","type":"post","link":"https:\/\/losfresnosnews.net\/?p=8305","title":{"rendered":"UTRGV Finance Students Take First Place in International CME Group Trading Competition"},"content":{"rendered":"
\"A<\/a>

A team of three UTRGV undergraduate business students recently beat out more than 500 teams from 37 countries to capture their first championship win in the 15th annual CME Group Trading Challenge. The UTRGV team \u2013 (from left) Christopher Martinez of McAllen, Michael Villarreal of Rio Grande City, and Jose Naveja of Progreso \u2013 is shown here with the team\u2019s faculty advisor, Dr. Bruno Arthur (at right), lecturer II in UTRGV Economics and Finance. The UTRGV team finished the international competition with a total of $706,585, handily beating out second-place competitor Kansas State University with just $533,910, followed by The University of Malaya in Malaysia, the Universidad de Bogot\u00e1 Jorge Tadeo Lozano in Colombia, and Johns Hopkins University in Baltimore, Maryland. Photo: UTRGV Photo<\/p><\/div>\n

by Vicky Brito<\/strong><\/em><\/p>\n

BROWNSVILLE, TEXAS \u2013 <\/strong>A group of undergraduate business students from The University of Texas Rio Grande Valley in March beat out more than 500 teams from 37 countries to capture their first ever championship win in the 15th annual\u00a0CME Group Trading Challenge<\/a>.<\/p>\n

The UTRGV team \u2013 made up of students Christopher Martinez, of McAllen; Michael Villarreal, of Rio Grande City; and Jose Naveja, of Progreso \u2013 finished the competition with a total of $706,585, handily beating out second-place competitor Kansas State University, who earned $533,910.<\/p>\n

The Trading Challenge is a complimentary four-week electronic trading competition in which teams of university students trade CME Group products from different asset classes. The trading environment is simulated, and works on a real-time professional trading platform provided by CQG.<\/p>\n

The UTRGV team, named UTRGV-EDINBURG-2, said they were guided and prepared well by Dr. Bruno Arthur,\u00a0lecturer II in UTRGV Economics and Finance, and faculty advisor for the first-place team as well as\u00a0The Trading Association student organization.<\/p>\n

\u201cWe thank Dr. Arthur for guiding us to be successful traders \u2013 in the classroom, within our student organization The Trading Association, and throughout the 2018 CME Group Challenge,\u201d the team members said in a statement. \u201cWe believe that teamwork pushed us through to victory by allowing us to check each other\u2019s ideas.\u201d<\/p>\n

Rounding out the top five in the challenge were:<\/p>\n