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(PDF) (DOC) (JPG)April 13, 2011

(MAHWAH, NJ) – A team of Ramapo College business students recently bested counterparts at top schools across the nation in the recent CME Commodity Trading Challenge.

Two teams of students from the College’s Finance Club participated and one advanced to the Final Round and  finished in fifth place out of 85 schools, defeating teams from Boston College, Brown, Cornell, Dartmouth, Northwestern, UCLA and the London School of Business.

The CME Group Commodity Trading Challenge is a competition wherein colleges and universities from across the world test their skills in a fast-paced electronic trading competition in which students trade Crude Oil and Gold Futures.

This competition was originally created by The New York Mercantile Exchange and the University of Houston 10 years ago involving a small number of schools.  As the markets have grown however, so has the competition, with 58 schools participating in 2010 and 85 in 2011.

Ramapo’s team included: Brian Noll of Morris Plains, Guido Alonso of Wayne, Kevin Medvecky of Edison, Brian Malloy of Hazlet, Marvin Mensah of Hackensack and Maritza Guananga of Garfield.

The teams were guided by faculty advisors, Assistant Professor of Finance Juan Cabrera and Assistant Professor of Economics Timothy Haase. They used the new Global Financial Markets Trading Lab at the Anisfield School of Business. The state-of-the-art lab brings a real world reality to the concepts taught in Economics, Finance and Accounting with real-time access to the world’s financial trading systems.

For media inquiries, contact Anna Farneski, assistant vice president, Marketing and Communications, (201) 684-6844.

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Ramapo College of New Jersey is the state’s premier public liberal arts college and is committed to academic excellence through interdisciplinary and experiential learning, and international and intercultural understanding. The College is ranked #1 among New Jersey public institutions by College Choice, has been named one of the 50 Most Beautiful College Campuses in America by CondeNast Traveler, and is recognized as a top college by U.S. News & World Report, Kiplinger’s, Princeton Review and Money magazine, among others. Ramapo College is also distinguished as a Career Development College of Distinction by CollegesofDistinction.com, boasts the best campus housing in New Jersey on Niche.com, and is designated a “Military Friendly College” in Victoria Media’s Guide to Military Friendly Schools.

Established in 1969, Ramapo College offers bachelor’s degrees in the arts, business, data science, humanities, social sciences and the sciences, as well as in professional studies, which include business, education, nursing and social work. In addition, the College offers courses leading to teacher certification at the elementary and secondary levels, and offers graduate programs leading to master’s degrees in Accounting, Business Administration, Creative Music Technology, Data Science, Educational Technology, Educational Leadership, Nursing, Social Work and Special Education, as well as a post-master’s Doctor of Nursing Practice.

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