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MFin students win big in Oxbridge competition

Two students on the Master of Finance programme were announced as the winners of the Oxbridge Trading competition held at Cambridge Judge Business School.

Oxbridge Trading competition winners

Twenty Cambridge students competed against 60 Oxford students on Saturday 17 November though a live video feed in this year’s Oxbridge Trading Competition. The competition, hosted by the Cambridge University Finance and Investment Society (CUFIS) saw students take on various roles from Hedge Fund clients to Investment Bank Sales Traders through a simulation platform provided by Amplify Trading.

Competition winners Nick Devletoglou and Jaymil Patel, who are both students on the Cambridge MFin programme, were the winning team who were the most successful in achieving the optimal risk management and commission combination that could be sustained throughout the course of the competition.

The students said: “It was great to be able to practically apply our knowledge in a real-time trading environment. We had to make sure we worked well as a team to achieve the best result possible and we’re pleased to help Cambridge come out on top.”

There were 20 Cambridge students competing alongside 60 students from Oxford in this year’s competition. Team performances were judged by a panel looking at a range of factors which included profit and loss, commissions and the volume of trades.

The aim of the competition was to provide students with an understanding of how to trade across international financial markets in response to breaking financial news. It also provided students with the virtual experience of operating as market makers and sales traders where they could experience both the buy side and the sell side of the industry and experience first-hand the implications of behavioural finance and the gap between financial theory and practice.

Amplify Trading’s world renowned financial market training simulations were used for this year’s competition. The technology is used each year by corporations such as HSBC, Citibank, Barclays, Bank of China, Bank of America and Deutsche Bank for the training of their new graduate employees.

Dr Pedro Saffi, Director of the Cambridge MFin programme added:

“We want our students to get everything they need out of their time on the programme so involvement in events such as these are crucial to help develop in-depth understanding of financial markets and trends.

“We are thrilled that two of our students became the winning team in this year’s competition.”