RETC 2018

From Thursday August 23rd to Saturday August 25th, 2018

RETC 2018 – Schedule
August 23rd – 25th, 2018
Thursday, August 23rd, 2018
5:00 PM Registration Starts
6:00 – 6:30 PM Welcome
6:30 – 7:00 PM Break
7:00 – 7:15 PM Social Outcry Tutorial
7:15 – 8:00 PM Social Outcry Case
8:00 – 8:15 PM Presentation
8:15 – 9:30 PM Dinner
9:30 PM Social Outcry Results | Group Social
Friday, August 24th, 2018
8:00 – 10:00 AM Breakfast
10:00 – 12:30 AM Quantitative Outcry Trading Case
12:30 – 2:00 PM Lunch
2:00 – 2:30 PM Presentation
2:30 – 5:00 PM ENEL Electricity Case
5:00 – 5:30 PM Presentation
5:30 – 8:00 PM Intesa Sanpaolo Liquidity Risk Case
8:00 – 9:30 PM Dinner
9:30 PM Group Social
Saturday, August 25th, 2018
8:00 – 10:00 AM Breakfast
10:00 – 12:30 AM Credit Risk Case
12:30 – 2:00 PM Lunch
2:00 – 4:30 PM EIB Interest Rate Case
4:30 – 8:00 PM Break
8:00 – 11:00 PM Gala Dinner
11:00 – 11:30 PM Awards Ceremony
11:30 PM Concluding Social
RETC 2018 – Cases
SOCIAL OUTCRY
The opening event of the competition gives participants their first opportunity to make an impression on sponsors, faculty members, and other teams in this fun introduction to the Rotman European Trading Competition. Each participant trades against one another as well as faculty and experienced professionals from industry, trying to make his/her case and showcasing his/her outcry skills by making fast and loud trading decisions.
QUANTITATIVE OUTCRY CASE
Building on the experience of the frantic Social Outcry Case market, this case requires teams to optimize their trading, analytical, and risk management skills. Participants will use news releases that provide quantitative economic forecasts, as well as qualitative micro and macro data, to predict the futures market on the RT100 index. Analyzing macroeconomic indicators, participants should be able to gain an understanding of the impact of the factors on the index and generate profitable trades.
ENEL ELECTRICITY CASE
The Enel Electricity Case challenges the ability of participants to interact with one another in a closed supply and demand market for electricity. Electricity production and its consumption will form the framework for participants to engage in direct trade to meet one another’s objectives. The case will test each individual’s ability to understand sophisticated market dynamics and optimally perform his/her role, while stressing teamwork and communication.
INTESA SANPAOLO LIQUIDITY RISK CASE
The Intesa Sanpaolo Liquidity Risk Case challenges participants to put their critical thinking and analytical abilities to the test in an environment that requires them to evaluate the liquidity risk associated with different tender offers. Participants will be faced with multiple tender offers requiring participants to make rapid judgments on the profitability and subsequent execution of these offers. Profits can be generated by taking advantage of price premiums and discounts associated with large tender offers compared to the market.
CREDIT RISK CASE
The Credit Risk Case challenges participants to build and apply a credit risk model in a simulation where corporate bonds are traded. Participants will use both a Structural Model and the Altman ZScore to predict potential changes to companies’ credit ratings. Periodic news updates will compel participants to make appropriate adjustments to the assumptions in their models and rebalance their portfolios accordingly. This case tests participants’ abilities to develop a credit risk model, assess the impact of news releases on credit risk, and execute trading strategies accordingly to profit from mispricing opportunities.
EIB INTEREST RATE CASE
The EIB Interest Rate Case challenges traders’ understanding of bond pricing based on news and benchmark interest rates derived from 4 non-tradable EIB zero-coupon bonds. Traders have to price 3 tradable coupon bonds based on the benchmark rates and news. The news, released throughout the case, may have an impact on the benchmark rates, and thus also have an impact on the fair prices of the tradable coupon bonds. Traders should forecast the impact of news on the benchmark rates and exploit any bond mispricing opportunities to generate profits.

Students (pptx)

Emilio Barone (pdf) and Tom McCurdy (pdf): Welcome Address.

Mirella Ciaburri: Teams by distance (pptx)

Croatia | University of Zagreb

Croatia | University of Zagreb

Latvia | Stockholm School of Economics in Riga

Poland | University of Warsaw

Malta | University of Malta

Hungary | Central European University

United Kingdom | University of Edinburgh

Belgium | Solvay Brussels School of Economics and Management

Poland | University of Warsaw

Malta | University of Malta

Italy | LUISS | Volunteers

Switzerland | Zurich University of Applied Sciences

Germany | EBS Universität für Wirtschaft und Recht

Germany | EBS Universität für Wirtschaft und Recht

Italy | LUISS

Latvia | Stockholm School of Economics in Riga

Italy | LUISS | RETC

Italy | LUISS | RETC

Poland | University of Warsaw

Italy | LUISS

Finland | Aalto University

Italy | LUISS

Sweden | Mälardalen University

Alpha Gamma

Italy | LUISS | RETC

OTHER POSTS
Slovakia | University of Economics in Bratislava
https://www.linkedin.com/feed/update/urn:li:activity:6443744042193809408
Italy | Bocconi University
https://www.linkedin.com/feed/update/urn:li:activity:6443225816611459072
United Kingdom | University of Edinburgh
https://www.linkedin.com/feed/update/urn:li:activity:6442648657765502976
Lithuania | Vilnius University
https://www.linkedin.com/feed/update/urn:li:activity:6440240548451356673
Slovakia | University of Economics in Bratislava
https://www.linkedin.com/feed/update/urn:li:activity:6439261310973808641
World Federation of Young Investors
https://www.linkedin.com/feed/update/urn:li:activity:6439396808891469824