One undergraduate and three MBA students from Babson College placed seventh in the Rotman International Trading Competition (RITC) in Toronto last weekend earning an $800 cash prize.

Undergrad junior Howard Soyfer (NJ), and MBA students Noj Zachariah (Mass.), Jeffrey Liguori (RI), and David Peltier (Mass.), competed against undergraduate and MBA teams from 34 colleges and universities in Canada, the United States, Europe, and Asia. The top three teams were from The Pennsylvania State University, University of Calgary, and Ohio State.

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From left: Prof. Ryan Davies, Jeff Liguori, Noj Zachariah, Howard Soyfer, and David Peltier

The 3-day competition is hosted by the Rotman School of Management at the University of Toronto. The trip was made possible through financial support of the Cutler Center.

The RITC uses simulated trading cases that mimic various aspects of real world markets. Visit their website at http://www.rotman.utoronto.ca/finance/lab to find a description of the cases.

“I was very impressed with the Babson team’s hard work and innovative solutions to the four simulated trading cases (open outcry, quantitative outcry, sales & trader, and energy trading),” said faculty advisor and team coach Ryan Davies, who is a Babson finance professor. “In addition to developing sophisticated quantitative models for each case, the Babson team did a very good job at reacting on-the-fly to unexpected market inefficiencies in a trading environment that closely mimics real-world markets.”

Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.