The seventh annual Interuniversity Stock Market Simulation at Université de Moncton brought together eight teams from universities across Quebec and Atlantic Canada. It was UPEI’s first ever entry at the competition.
Students were given two fictitious companies with balance sheets and income statements. Each team of four was made up of two traders and two analysts.
Teams had 10 million fictional dollars to trade with and a limit on the number of shares they could buy and sell. UPEI’s team was made up of students Geoffrey Gaudet, Nick Czinder, Jordan Rose and Silei Peng.
Professor Yousef Hashmi noted the competition simulated the intense pressure of a real exchange floor — including screaming and yelling. Students saw first-hand the role psychology plays in the trading and business worlds.
“Our students had the opportunity to see how financial markets work in the real world as opposed to the classroom,” said Hashmi. “It was an invaluable experience for them, and they rose to the occasion.”
Teams from UPEI’s School of Business have enjoyed great success in recent years in regional, national, and international case competitions.
