School of Business wins at stock market simulation competition

A team from UPEI’s School of Business took first place at a recent competition that put their stock-trading skills to the test. 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 ten 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. As the Globe and Mail recently reported, the successes have helped raise the profile of the school in the world of academia and with potential international students.

“It gives us some international flair and also gives us confirmation of the quality of education,” said Dr. Juergen Krause, Dean of the School of Business.

Congratulations!

The University of Prince Edward Island prides itself on people, excellence, and impact and is committed to assisting students reach their full potential in both the classroom and community. With roots stemming from two founding institutions—Prince of Wales College and Saint Dunstan’s University—UPEI has a reputation for academic excellence, research innovation, and creating positive impacts locally, nationally, and internationally. UPEI is the only degree granting institution in the province and is proud to be a key contributor to the growth and prosperity of Prince Edward Island.