@ LUISS Guido Carli University of Rome
will be held online on Friday, August 27th, 2021.
The Team Registration deadline is July 27th, 2021.
RETC 2021 “online edition” is a one-day invitational event.
| RETC 2021 – Schedule | |
| Friday, August 27th, 2021 | |
| 2:00 – 2:10 PM | Connection Check |
| 2:10 – 2:50 PM | Welcome & Team Introduction |
| 2:50 – 4:05 PM | ENEL Electricity Case |
| 4:05 – 4:20 PM | Break |
| 4:20 – 5:35 PM | EIB Institute Interest Rate Case |
| 5:35 – 5:50 PM | Break |
| 5:50 – 7:05 PM | Intesa Sanpaolo Algorithmic Trading Case |
| 7:05 – 7:45 PM | Virtual Networking Session / Sponsor Session |
| 7:45 – 8:00 PM | Awards Ceremony |
| RETC 2021 – Cases |
| 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. |
| EIB INSTITUTE INTEREST RATE CASE |
| The EIB Institute 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. |
| INTESA SANPAOLO ALGORITHMIC TRADING CASE |
| The Algorithmic Trading Case is designed to challenge participants’ programming skills by developing algorithms using RIT API to automate trading strategies and react to changing market conditions. Throughout the case, these algorithms will submit orders to profit from arbitrage opportunities and private tender offers. Due to the high-frequency nature of the case, participants are encouraged to develop algorithms that can adapt to rapid changes in market dynamics. |
| RETC 2022 – Cases |
| ENEL ELECTRICITY TRADING CASE |
| The Enel Electricity Trading Case provides the opportunity for participants to work in a role-based team environment to engage in an electricity trading market controlled by a strict regulatory policy. Participants are required to forecast supply and demand for electricity, and execute strategies accordingly while reacting to prevailing market events. Each team will participate in a closed supply and demand market for electricity by producing it using power plant assets and distributing it to customers, and will also have access to a forward market. Through the full cycle of electricity markets, participants will need to dynamically formulate their role-based strategies and optimally perform trade executions. |
| EIB INSTITUTE INTEREST RATE CASE |
| The EIB Institute Interest Rate Case challenges participants’ understanding of bond pricing based on news and benchmark interest rates derived from 4 non-tradable EIB zero-coupon bonds. Participants 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. Participants should forecast the impact of news on the benchmark rates and exploit any bond mispricing opportunities to generate profits. |
| INTESA SANPAOLO ALGORITHMIC TRADING CASE |
| The Intesa Sanpaolo Algorithmic Trading Case is designed to challenge participants’ programming skills by developing algorithms using RIT API to automate trading strategies and react to changing market conditions. Throughout the case, these algorithms will submit orders to profit from arbitrage opportunities and private tender offers. Due to the high-frequency nature of the case, participants are encouraged to develop algorithms that can adapt to rapid changes in market dynamics using their selected programming languages. |
The Rotman European Trading Competition 2021 @ LUISS (RETC 2021) will be showcasing a unique set of RIT Decision Cases designed for the competition, that stress different challenges faced by traders. The simulation cases include commodities, equities, and bonds, and are designed to reward the participants’ ability to accurately price securities and formulate profitable, risk-adjusted trading strategies. The cases are run over many iterations in order reduce the element of variance across each team’s scores.
The Case Package will describe each case in detail. It will be released closer to the competition date with a link sent by email to participants.
Intesa Sanpaolo Algorithmic Trading Case: Base Algorithm
On the RIT website you will find demo of the software as well tutorial videos and a practice case. Please see the Software section of this website: https://retc.luiss.it/information/software/.
Practice servers will be made available starting from Tuesday, August 10th, 2021. They will be introduced in a staggered manner. Please see below:
| Practice Servers | |||
| # | Case | Date | Time |
| 1 | Enel Electricity Trading Case | Tuesday, August 10th | 5:59 am CET |
| 2 | EIB Institute Interest Rate Case | Wednesday, August 11th | 5:59 am CET |
| 3 | Intesa Sanpaolo Algo Trading Case | Wednesday, August 11th | 5:59 am CET |
Practice servers will operate 24 hours a day 7 days a week until 5:00 pm CET on Thursday, August 26th.
To log in to any server port from your RIT Client, you can type in any Trader ID and Password, and RIT Client will automatically create an account, if it does not already exist. If you have forgotten your Password or the Trader ID appears to be taken, simply choose a new Trader ID and Password to create a new account.
| Server IP and Ports | |||
| # | Case | Server IP | Port |
| 1 | Enel Electricity Trading Case | flserver.rotman.utoronto.ca | 16500 |
| 2 | EIB Institute Interest Rate Case | flserver.rotman.utoronto.ca | 16510 |
| 3 | Intesa Sanpaolo Algo Trading Case | flserver.rotman.utoronto.ca | 16520 |
| 4 | Intesa Sanpaolo Algo Trading Case | flserver.rotman.utoronto.ca | 16530 |
| 5 | Intesa Sanpaolo Algo Trading Case | flserver.rotman.utoronto.ca | 16540 |
“Special” Practice Sessions are scheduled to allow participants to virtually gather and practice the competition Cases together at the same time. We will be running three “special” practice sessions during which all competition cases will be run in a practice version. All teams are encouraged to connect at the same time as the results will be released from each practice case.
| Practice Sessions | |||
| # | Case | Date | Time |
| 1 | Enel Electricity Trading Case | Tuesday, August 17th | 4:00 pm CET |
| 2 | All cases | Friday, August 20th | 4:00 pm CET |
| 3 | All cases | Wednesday, August 25th | 4:00 pm CET |
The competition will be scored on a team-basis. The Scoring Methodology document will outline the scoring rules and will be made available on this website closer to the event.
The top five ranking teams will receive EUR 10,000 in cash prizes:
