RIT runs on Microsoft Windows. It does not run on Apple Mac OS’s. If you want to run RIT on your Mac, you need to install a copy of Windows using the Bootcamp program and then install the RIT client on Windows.
The operating system will be Windows 10. The Rotman Interactive Trader client and Office 2016 will be installed.
Number format: “.” as a decimal separator and “,” as the thousands’ separator.
The RIT client v2.0 can be downloaded at http://retc.luiss.it/software/.
Yes, the use of Excel is highly recommended. You are encouraged to prepare models in advance. In order to ensure proper RTD functionality (real time data links between Excel and the RIT client) please download one of these files (see the picture below):
You can use Excel in all cases except for the Quantitative Outcry. You can prepare Excel models in advance to be used during the competition.
Yes, you can bring your models on a USB key and use them during the competition. We recommend to bring them on a USB rather than relying on downloading it from the web (e.g. from Dropbox) as it will be safer.
No. All students will use PCs provided by LUISS during the competition.
Yes, we will setup a session on Saturday, August 13th, at 10 AM EST.
Yes, you could train together even if located in 4 different places.
(i) Yes, you can practice individually. However, the case is meant for 4 people as there are different roles. When practicing with 2 people only, the performance of your team will not be as good as when practicing with 4 people. (ii) Yes, you are encouraged to practice also in different times, so that you can refine your model.
Yes, you are allowed to communicate between each other.
There is a maximum of 10 power plants that can be concurrently leased during the case. This limit will be exactly the same during the competition.
The ENEL Electricity Trading Case and the Quantitative Outcry Trading Case are the only two cases where team members have different roles. In all the other cases, all team members do have the same role.
(i) The aggregate position is the sum of the trades made by the four team members. For example, member 1 buys 5 contracts at time 0 and member 2 sells 7 contracts at time 1; your team’s aggregate position at time 1 (after member 2 traded) will be -2 (= 5 long – 7 short).
(ii) Transaction costs are deducted.
(iii) Aggregate position is just the number of contracts you traded. P/L is the profit or loss and it will depend on the prices at which you were able to buy and sell.
(i) Page 11 of the case brief “All 4 team members will be located in the trading pit. They can freely communicate with one another throughout the trading heat. Electronic devices are not permitted on the trading floor.”
(ii) The risk manager has to provide a number that tracks the actual trading position of the team. For example, if a team is long 30 contracts and the risk manager provide us with a value of 110 contracts, he/she is clearly very far from the real value and will be getting less bonus (as explained in the case brief).
(i) Companies are going to be the same. (ii) The difference (sm – sr) will be the same and will remain constant unless a news item will notify you that it was changed.
In the RIT, you can click in the bottom right corner on “RTD” and the list of all the commands that can be linked to Excel will appear. Please see the following screenshot:
By using the commands in the above screenshot, you should be able to link the data for assets and equity.
Correct. The data are the same as in the case package, unless a news item will shock them.
The profits will depend on the scenarios. For examples, if we have a very volatile market in the Sales and Trader case, the average profits will be lower compared to when we have a low volatility market.
On Tuesday, August 23rd, we will display the average profits for the top 5 traders, so that you will have an idea of how the top participants are doing.
