U of R Business students excel at national competition

By Dale Johnson Posted: December 16, 2015 1:30 p.m.

Team members: (l-r) Drayton Leflar, April Pyne, Dr. Saqib Khan, Brock Forbes, and Drew Broadfoot.
Team members: (l-r) Drayton Leflar, April Pyne, Dr. Saqib Khan, Brock Forbes, and Drew Broadfoot. Photo courtesy of Rae Graham - U of R Photography.

A team of four business students from the University of Regina has finished third out of 1,909 teams from across Canada in the Montreal Exchange Options Trading Simulation contest.

The students – Drayton Leflar, April Pyne, Brock Forbes and Drew Broadfoot – are in Dr. Saqib Khan’s BUS 494 Derivatives and Risk Management class.   

Each team is given a virtual cash account of $100,000 to build its options portfolio. Then they have to execute five separate strategies over an eight-week period.  Also, they were given 50 securities that trade on the TSX to choose.

“Our background knowledge from following the markets daily paired with the knowledge learned in classes enabled the team to execute an effective strategy,” explains Pyne.

“The UR Investing team members are always encouraged to sign up for the simulation even before they have a good understanding of all the strategies, but mostly to get an early start and a base understanding. When we participated in the simulation this term it was most of our team's second or third time trading on it,” she adds.

More than 2,800 undergraduate and MBA students from 37 universities across Canada took part, so there is pride in finishing in third place.

"This is a significant achievement by our students who have once again shown that they are of the highest calibre," says Dean Andrew Gaudes of the Faculty of Business Administration.

Finishing first was Ryerson University in Toronto and second spot went to the University of Waterloo.