SCCyberworld

Monday, March 31, 2014

Malaysia Finishes Fourth at CME Group’s Global Trading Competition

Kuala Lumpur, 31 March 2014: Malaysia’s Asia Pacific University of Technology & Innovation today emerged as one of the top four teams in the annual CME Group Trading Challenge. The four-week electronic trading competition offers teams of graduate and undergraduate students the chance to trade CME Group products across multiple asset classes. The competition took place in a real-time simulated trading environment provided by CQG.

Nearly 400 teams from 31 countries participated in the challenge organised by CME Group, the world’s leading and most diverse derivatives marketplace. After going through a preliminary and a championship round, a total of four teams are announced as winners:

University – Team Name
Final Simulated Account Balance
Universitat Politecnica de Catalunya, Spain -  Team Ocean Futures
$404,652.50
Boston University, USA - Team Lighthouse
$374,535.00
Georgia State University, USA - Team Panthers FX Traders
$361,150.00
Asia Pacific University of Technology & Innovation, Malaysia  - Team Forex Traders
$354,770.00

Team Forex Traders of Asia Pacific University of Technology & Innovation: (L-R) Wong Jo Anne, Wong Li Kien, Muhammad Talha, Liang Yee Chee & An Shuya.

The winning teams will receive a cash prize and an invitation to attend a one-day market education conference with other selected participants at CME Group on 11 April 2014.

Speaking about the win, Wong Li Kien, Team Leader of Team Forex Traders, said: “The team went through a grueling period of preparation at the initial stages of the competition and we are pleased to learn that our hard work has paid off. We hope that more Malaysians can participate in this challenge as it offers local students, interested in trading, a platform to showcase their skills in a relatively risk-free environment.”

Terry Duffy, CME Group Executive Chairman and President, said: “Educating the next generation of market participants about risk management is key to ensuring a stable global economy. The health of our markets depends on attracting the best and brightest talent, and our annual global trading challenge is a great opportunity for students to learn hands-on techniques in risk management. This is an exciting industry and a place where innovative people can make a real impact on the world."

CME Group has a long track-record of supporting risk-management education. In addition to offering interactive events like the Trading Challenge, CME Group provides education about the global economy and markets. Recently, the company launched Futures Fundamentals, an innovative website that explains the role of futures markets in everyday life. The site contains easy-to-understand content that everyone from students to experienced market participants can use.

FuturesFundamentals.com takes investing concepts like futures, hedging and speculating and shows how they play an essential role in the world around us. The goal of the site is to make financial education an engaging experience for anyone, regardless of how well versed they are in the world of finance. Additionally, in 2013, CME Group embarked on a partnership with the National 4-H Council to bring a Commodity Carnival game to more than 130 state and county fairs, reaching 50,000 fairgoers with information about managing risk in agriculture.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.

CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and Kansas City Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc. All other trademarks are the property of their respective owners.

Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

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