Duke FinTech Intercollegiate Trading Competition Kicks Off for Spring 2022

January 27, 2022 | Duke FinTech

The annual trading competition sponsored by Duke’s Master of Engineering in FinTech program kicked off this month, supported by some extraordinary companies.

This month, Duke FinTech kicked off the Annual Duke FinTech Intercollegiate Trading Competition—welcoming over 150 students from 40 different universities across the globe to compete against their peers for cash prizes and, perhaps most importantly, internationally recognized bragging rights.  

The trading competition gives graduate and undergraduate students an opportunity to apply what they are learning in the classroom and try out investment strategies using real-time market data and the same user interface and features utilized by professional traders. Over the course of the compassion, students will make trades in an effort to grow their initial portfolio of $1 million USD in simulated currency.  Trades are made in paper trading accounts provided by the Student Trading Lab at Interactive Brokers, allowing students the ability to trade in all of the listed asset classes that one might expect, as well as cryptocurrencies. 

This year’s competition is led again by Professor Jake Vestal, Adjunct Assistant Professor in the Pratt School of Engineering, who sees the competition as much as a teaching tool as it is a contest. "This competition is special because in puts one of the Duke FinTech Program’s core values into practice: the taking on of risk (unavoidable in any endeavor) in a disciplined, well-reasoned manner, " shared Vestal. "Our competition recognizes that being able to correctly predict 8 coin tosses in a row is a ‘skill’ that one out of 256 student traders possesses. Instead of declaring that one lucky trader the winner, Duke FinTech believes in rewarding acuity over gambling by ranking student traders according to their risk adjusted return (Sharpe Ratio) as opposed to simple realized return." This approach encourages shrewd investing and provides students with the opportunity to test out their own unique strategies, quantitative algorithms, and other methodologies.

This year, competition prizes will be awarded in both USD and ZEN cryptocurrency, thanks to support from some extraordinary companies:


Regularly updated competition rankings and team standings can be found at www.fintechtradingcompetion.com


This year, represented institutions include:

Beijing University of Technology   Shanghai Jiao Tong University
Boston University   Shenzhen University
Carnegie Mellon University   Southern University of Science and Technology
Case Western Reserve University   Texas A&M University
Claremont Graduate University   The University of Chicago
Colorado College   University of California, Los Angeles
Cornell University   University of California, San Diego
Duke University   University of California, Santa Barbara
Georgetown University   University of Georgia
Georgia Institute of Technology   University of Hawaii
Grinnell College   University of Michigan
Harvard University   University of North Carolina at Chapel Hill
Hunan University   University of North Carolina at Charlotte
Nanyang Technological University   University of Rochester
New York University   University of South Carolina
North Carolina State University   University of Southern California
Northeastern University   University of Texas at Austin
Princeton University   Vanderbilt University
Rutgers University   Washington University in St. Louis
School of Visual Arts   Xi'an Jiaotong-Liverpool University