The competition, hosted by the Center for Business Complexity and Global Leadership, Suffolk's Finance Department, and TD Ameritrade, took place at the Sawyer Business School's trading room.
More than 100 undergraduate and graduate students from nearby schools, including Suffolk University, New York University, Northeastern University, Rhode Island College, Boston University, and Worcester Polytechnic Institute, participated.
After being trained in TD Ameritrade’s thinkorswim trading platform, the students split up into groups and had two weeks to develop the most compelling strategy and make the most money.
This year, Adwa AlDakheel, a junior finance major, took home first place with her partner Christian Cayo, BSBA '13. AlDakheel was on last year’s winning team.
“It was a fun and exciting experience. I’ve been using MetaTrader since I was 14, so this is definitely something I’m interested in. In fact, I’ve been talking with my teammate Christian Cayo about becoming business partners. We both would like to become full-time traders,” said AlDakheel.
This was Cayo's second year competing as well.
"Every student, whether they're majoring in business or not, should sign up for this competition because it's an exceptional opportunity to learn and develop. Being competitive and adaptable are major skills that are needed for any job, regardless of your industry," he said.
The winners received their awards on November 15. The award ceremony featured insights from JJ Kinahan, TD Ameritrade's chief derivatives strategist, managing director, and NYSE board member. Kinahan and his team analyzed the trading activity and performance and discussed students' strategies.
The competition was part of the TD Ameritrade U initiative, introduced to the public for the first time at Suffolk, which aims to bridge the gap between academia and the real world. In addition to the thinkorswim trading platform, TD Ameritrade offers a network of resources to promote student engagement at universities around the country.