On Friday, November 25th, 2016 the Odette Exchange team hosted the Odette 2016 Outcry Competition at the University of Windsor. With sponsorship support from the Odette School of Business and the Bank of Montreal, 390 students formed 100 teams and had a taste of a day in the life of a trader on Bay Street. The all-day event attracted students from E.J. Lajeunesse, Holy Names, St. Joseph’s, Sandwich, Assumption, Riverside, Essex, Leamington and Westview Freedom Academy.
The day consisted of five sessions; financial football, a tour of the school, a guest speaker from the Bank of Montreal, presentation from the Student Success Centre and the Outcry competition.
For the Outcry competition, students were given three stocks to trade in various industries including Microsoft, Coca Cola and oil. News reports were released throughout the simulation that would affect the price of the securities and students had to decide on the optimal time to buy, sell, or hold their shares. The idea was to buy when the price was low and sell when the price reached a high point as the winning teams were determined based off of the value of their portfolio at the end of the simulation. After the qualifying round, the top teams were pitted against each other in a faster-paced and more complex final round to determine the overall winners.
Cameron Badour, from Assumption said “Everyone had a good time today. I just want to say thank you to all the volunteers and all the people who set this up because it was a really great time”.
The complete results were as follows:
The Odette Exchange lab assistants hosted a tutorial at each high school to prepare for this event. MBA students at the Odette School of Business also generously offered their time to help out with tutorials and make sure the day ran smoothly.
The Odette Exchange, the name for the Odette Financial Markets Lab, is equipped with 12 Bloomberg terminals, the most of any Canadian academic institution. In addition to organizing trading competitions and the day-to-day operations of the lab, the Odette Exchange team also educates and assists students in attaining their Bloomberg certification.