Peadar proves his business knowledge
Ulster Business School lecturer Paul Stewart explained:, “The 18 students were all completing coursework taken in the Financial Markets, Investments and Operations Module.
“Their challenge was to develop a trading and investment strategy with a virtual £100k each which they managed over a seven week period.
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Hide Ad“All of the students’ trades were in ‘real-time’ at actual market prices using market trading simultation software.
Whilst the cohort had a virtual £1.8million to start with, the average equity portfolio return of just over 3% in such a short trading window was very creditable indeed and gave the students a practical and realistic understanding of the investment sector.”
Five employers, Danske Bank, Cunningham Coates Stockbroders, Graham Corry Cheevers, Investec Wealth & Investment and Quilters along with The Chartered Institute for Securities and Investment (CISI) helped develop the coursework, facilitated student mentoring by their staff members and sponsored a prize for the top three ‘traders’.
Belfast student Aisling Armstrong was the overall winner of the CISI NI Investment Student of the Year award.
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Hide AdPeadar McMullan from Ballymoney and international student Yiguan Li were both runners up.
The students themselves found the experience to be extremely beneficial.
Overall winner Aisling Armstrong said that she “really enjoyed the hands on trading experience and found the project challenging but simultaneously very rewarding and insightful.”
Runner-up Peadar McMullan commented that he found “the trading project an innovative and exciting introduction into the practical world of equities trading.”