RITC 2012 Case Package - Rotman International Trading ...
RITC 2012 Case Package - Rotman International Trading ...
RITC 2012 Case Package - Rotman International Trading ...
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Position Close-Out and <strong>Case</strong> Scoring<br />
Each person’s trades will be settled at the close of trading based on the final spot price. The ranking is based<br />
on the total P/L (profit/loss) from the trading session.<br />
Example:<br />
Throughout the trading session, one trader has made the following trades:<br />
Buy 2 contracts @ 998<br />
Sell 5 contracts @ 1007<br />
Buy 1 contract @ 1004<br />
The market closed out @ 1000. The P/L for the trader is then calculated as follows:<br />
2 long contracts @ 998<br />
P/L: (1000-998)*2*10 = $40<br />
5 short contracts @ 1007<br />
P/L: (1000-1007)*(-5)*10 = $350<br />
1 long contract @ 1004<br />
P/L: (1000-1004)*1*10 = ($40)<br />
There are no commissions and fines in the Social Outcry.<br />
The trader has made a total P/L of $350.<br />
<strong>Rotman</strong> <strong>International</strong> <strong>Trading</strong> Competition <strong>2012</strong><br />
© Financial Research and <strong>Trading</strong> Lab, <strong>Rotman</strong> School of Management, U of T<br />
9<br />
Social Outcry <strong>Case</strong>
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