UPEI Business students crack top ten at options trading simulation

UPEI’s best ever showing at the Options Trading Simulation, hosted by the TMX Montreal Exchange
| Students

A team of students from the UPEI Faculty of Business placed sixth at the 2017 Options Trading Simulation, hosted by the TMX Montreal Exchange. The top-ten finish is even more impressive given the competition included more than 2,500 undergraduate and MBA students on more than 1,100 teams from 38 Canadian universities.

UPEI's top team was UPEI Corp Finance 231W Hockey, made up of Cody Payne, Beni Berisha, Emily March, and Stephen Macinnis—students who are also varsity Panther hockey players. The team ended the competition with a portfolio balance of $199,850 (on an initial notional investment of $100,000).

“This return performance of 100%, over a ten-week trading period, is tremendous,” said their professor, Dr. Andrew Carrothers. “Our students have shown once again that they excel in competition with the very best!”

On how the team worked together, March explained, “We’d meet and discuss the decisions together before they were made. We followed the trend of the price of the stock Canadian Pacific Railway, because it was the most volatile and had the potential to make the most money. We were also heavily invested in Dollarama, because of the news that they were going to accept credit cards, which led to a huge increase in the price of the stock. That was our most successful trade and led to a huge increase in our profits.”

“We all played hockey so we tried to incorporate that into the team identity,” said Berisha. “We all had relatively limited stock experience, so this whole simulation was a learning experience for us all.”

“Congratulations to the team,” said Dr. Juergen Krause, dean of the Faculty of Business. “This requires good knowledge and understanding of the underlying drivers in the market and our hockey players in business accomplished an amazing finish in a huge competitive field.”


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.


Dave Atkinson
Research Communications Officer
Marketing and Communications