Keywords: EGADE Business School Guadalajara
A team made up of Manuel Santos Porras de la Rosa, Oscar Gerardo Mendoza Díaz del Guante, Juan Pablo Velasco Flores, Alejandro Salgado Cabrera and César Ortiz Mendoza, MBA students at our Guadalajara site, made it through to the final of the Group Trading Challenge, organized by the Chicago Mercantile Exchange (CME).
Of a total of 531 teams from across the world who participated in the first round, 53 have advanced to the final, which will be held from March 5 through 16.
In the first round, each team started with a virtual balance of 100 thousand dollars and the objective was to grow this amount as much as possible with at least 10 contracts every day in the CME, between February 20 and March 1. The qualifying positions were defined by the final balance.
The EGADE Business School team, with a balance of 148,327 dollars, qualified to the final in 12th place, surpassing representatives of institutions such as Yale University, Hult International Business School, and ESLSCA Business School, among others.
“This achievement speaks so well of EGADE Business School,” commented Iván Valdovinos, Director of the MBA program in Guadalajara and professor of these students in the course Global Financial Strategy.
In the final round, each team starts with 250 thousand virtual dollars. Prizes are awarded to the five best teams, as follows: first prize is 1,500 dollars for each student, 1,000 for second place, 750 for third, 500 for fourth and 250 for fifth.
In addition, the best teams will be invited to participate in the CME Day of Market Education on April 13 in Chicago.
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