The 2015-2016 Zarb Dean’s Award for Outstanding Service by a graduate student group was awarded to the Hofstra Quants and Traders Association. This School of Zarb student organization was re-launched in 2015 and now boasts more than 103 members.
Hofstra Quants and Traders Association has hosted several academic events with the goal of increasing knowledge and quantitative skills for those interested in finance. For one of their events, “The CME Trading Challenge,” the group partnered with the Hofstra Investment Banking Association and ranked 16th place out of 400 teams. Students who participated used professional software to trade a variety of products from multiple asset classes in a simulated environment. Workshops are also given by Leo Murphy of Trading Technologies and Yun Cai, president of Hofstra’s Quants and Traders Association, to teach students how to use the professional trading software and build a trading strategy. The student organization also partners with GARP (Global Association of Risk Professionals) to learn best practices from professionals in dealing with model risk.