The Bloomberg Global Trading Challenge 2024 marked another milestone for ESILV’s Financial Engineering major. A team of fifth-year financial engineering students demonstrated their advanced trading skills, ranking among the top performers globally in Europe and France.
Competing in a field of 2,520 teams and over 13,000 participants worldwide, the team achieved:
- 8th place in Europe
- 2nd place in France
- 37th place globally
This accomplishment highlights ESILV’s commitment to practical learning and innovation in finance education.
About the Bloomberg Trading Challenge
The Bloomberg Global Trading Challenge is a premier international investment competition conducted entirely within the Bloomberg Terminal.
Over five weeks, students form teams of three to five, guided by a faculty advisor, to simulate real-world trading. Participants are tasked with building and managing a notional $1 million portfolio to achieve the highest time-weighted return relative to the Bloomberg World Large, Mid & Small-Cap Price Return Index (WLS Index).
Through the competition, students gain hands-on experience in:
- Developing investment strategies based on live market data.
- Managing risks in dynamic market conditions.
- Utilizing advanced tools and analytics on the Bloomberg Terminal.
This annual competition is a platform for students to refine their financial and analytical skills, fostering their ability to navigate professional trading environments.
ESILV Team’s Performance and Strategy
ESILV’s winning team—comprising Arthur Xu, Julien Zheng, and Apisan Rajeswaran under the mentorship of professor researcher Daniel Aidan —achieved remarkable results through a calculated approach to trading. Their final portfolio recorded:
- Profit: +$318,016
- Monthly Return: +31,8%
- Global Rank: 37/2425
- European Rank: 8/590
- French Rank: 2nd
Another ESILV team—comprising Nathan Fleury, Elinor Dupin, Antoine Chandeclerc, Alix Lanotte-Moro, and Julien Gilles, also participated under the mentorship of Jean-Gabriel Attali, Head of the Finance Department at ESILV and Matthieu Garcin, Quantitive Finance Director, at ESILV, also attended.
ESILV Team’s Key Strategic Decisions
The team implemented a phased trading strategy:
- Prudent Start: Initial investments focused on stable sectors such as technology, consumer goods, and gold, providing a secure foundation and mitigating risks.
- Dynamic Adjustment: As the U.S. election approached—a significant market event—the team identified opportunities in cryptocurrency-oriented companies, anticipating high volatility and growth.
- Active Portfolio Management: The team adapted to market conditions by leveraging macroeconomic trends, applying quantitative analysis, and fine-tuning their positions to maximize returns.
The Bloomberg Trading Challenge: A Learning Experience Rooted in Excellence
The Bloomberg Trading Challenge allowed ESILV students to apply concepts from their Master in Financial Engineering program in a highly competitive and realistic setting. Their success reflects the program’s emphasis on:
- Quantitative analysis: Translating data into actionable insights.
- Financial modelling: Designing strategies for dynamic markets.
- Macroeconomic evaluation: Considering global trends to guide investments.
The competition also showcased the Bloomberg Terminal’s utility as a professional-grade tool, enabling students to analyze live financial data and execute trades effectively.
A mentor and student collaboration
These results were made possible thanks to the dedication of the student team, their collaboration, and the mentorship of ESILV faculty members, who provided valuable support throughout the challenge.
Their achievement highlights the value of ESILV’s hands-on approach to education in preparing students for the demands of the financial industry. The ESILV team’s exceptional performance in the Bloomberg Global Trading Challenge 2024 underscores the program’s role in developing industry-ready professionals.
By combining theoretical knowledge with practical application, ESILV continues to empower its students to excel in competitive global environments.
Learn more about ESILV’s major in Financial Engineering
This post was last modified on 26 November 2024 5:32 pm