MONTRÉAL, Dec. 5, 2012 /CNW/ - Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada's derivatives exchange, today announced the winners of the 2012 University Partnership Awards. The awards ceremony was held in conjunction with TMX Group's Board of Directors reception held last evening at the MX.
… For the Options Trading Simulation, more than 475 students formed teams and constructed options portfolios with an initial $100,000. The students used MX's options trading simulator to trade their option classes, as well as execute the predefined trading strategies. Neil McAlpine and Spencer Powell from McGill University formed the winning team, M&P Trading, with a total return of 98%.
Photo (from left to right): Alain Miquelon, President and Chief Executive Officer, Montréal Exchange, BCom student Spencer Powell, BCom student Neil McAlpine, and Tom Kloet, Chief Executive Officer, TMX Group.
Read full article: Canada Newswire, December 5, 2012