Two Simon Fraser University students are on a team of finalists in the 11th annual CME Group Trading Challenge.
The global competition includes 32 countries in a four-week competition where undergraduate and graduate teams trade CME Group Futures – basically any type of stock that would actually get traded in a market.
SFU students Shawn SinghandEugene Wong are on one of the teams in the finals, which is the only Canadian team left in the whole competition. Both have finance and economic backgrounds.
Teams are given $100,000 of play money to trade in the market. They told the NOWthat it’s real-life experience working as a trader in a simulated, highly tense environment.
“We were in a position where we were down $20,000 at one point, and we were debating to sit on the loss or wait to cut our losses,” Singh said. “It went up and down. It’s volatile.”
The CME challenge is the only competition available for students to trade on a real-time professional trading platform where students gather first-hand experience on how to trade futures and manage risk.
The final round ended this month.
Mayor to talk business
Mayor Derek Corrigan will be back for his annual address at the April 2 state of the city luncheon hosted by the Burnaby Board of Trade.
This year’s event will be held at the Delta Burnaby Hotel and Conference Centre from 11:30 a.m. to 2 p.m. Tickets are $55 per person or $415 for a table of eight for members, or $75 per person and $565 for a table for non-members. For more information, call 604-412-0100 or email admin@bbot.ca.
Met 2 offers Tesla S vehicle
Concord Pacific has teamed up with the City of Burnaby to offer electric vehicle charging stations and a Tesla S EV for its MET 2 development.
Located near Metropolis at Metrotown and Bonsor Park, MET 2 is expected to have a second electric vehicle as part of its amenity package in the future.
“Not only have we recognized the need for future-proofing our developments for our clients, we have been investing in green power projects of scale to power them,” said Peter Webb, Concord’s senior vice-president of development, in a media release.
The charge stations will recharge cars in a third of the time, according to the mayor.
“We are absolutely thrilled that Concord Pacific embraced our move to include electric vehicles and EV charging stations as part of their development; it’s really forward thinking,” said MayorDerek Corrigan in the release. “The City of Burnaby had asked all our developers to include EV charging stations. In the case of Concord Pacific, they have exceeded all our expectations.”
See www.met2.ca.
Climate Smart grant available
As the Burnaby Board of Trade’s Pledge for a Sustainable Community has attracted more than 750 businesses, there’s now a $500 grant to help locals go green.
The board has partnered with Climate Smart to deliver a series of training programs and certification, tools and data to help up to 20 members lower greenhouse gas emissions through various strategies. There are 20 grants of $500 each, available through Vancity to reduce Climate Smart program fees for participating businesses.
Climate Smart’s costs depend on how many full-time employees are in the organization, but the fees range from $1,375 to $3,500. Climate Smart certification works with a business to develop strategies to cut energy, waste and fuel costs, and how to navigate local utility rebates and incentives.
For more information, contactTessa Vanderkop, board marketing manager, at 604-412-0100 or tessa@bbot.ca.
Send business news to sseccia@burnabynow.com.
