Carlos Roberto Dias Neto MSF’25 Wins 14th Annual Babson Trading Competition

November 4, 2024

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Carlos Roberto Dias Neto MSF’25 recently won the 14th annual Babson Trading Competition, which attracted 60 undergraduate and graduate students from Babson College, Olin College, and Wellesley College to the finance lab at the Stephen D. Cutler Center for Investments and Finance.

Ryan Davies and Carlos Roberto Dias Neto pose for a photo — Professor Ryan Davies (left) with winner Carlos Roberto Dias Neto MSF’25

The Babson Trading Competition, hosted by Professor Ryan Davies, pits students against one another using the Rotman Interactive Trader software, which simulates an order-driven market.

Dias Neto led the top five finishers, which included Napat (Oak) Kornsri MSF’25 in second place, William Sun ’26 in third place, Liubov Mykhailyshyn MSF’25 in fourth place, and Emilio Oliva ’25 in fifth place. In addition to cash prizes, the top five winners will be invited to the Fidelity Investments trading floor in Boston at the start of the spring semester for a tour and an opportunity to meet and network with additional Fidelity traders.

The competition, sponsored by Fidelity Investments, is based on the Liability Trading cases (LT3, LT4). In these cases, participants play the role of principal trader. Institutional orders are randomly routed to a principal trading desk, and then traders must decide whether to accept the tender. If the order is accepted, the trader then must develop an optimal strategy for unwinding the position over time, accounting for market conditions such as liquidity, price volatility, and price impact.

Before the start of the competition, co-head trader Ken Martin was joined by his teammates from the trading floor at Fidelity Investments for a discussion about what it is like working on the trading floor and how their career paths led them to Fidelity. Martin was joined by sector trader Mettler Growney, quantitative trading analyst Mahitha Valluru, sector trader Zach Haggerty, equity syndicate Jackie Ham, and head of strategic initiatives, Geode Capital, Marco Gargurevich MBA’01.

Posted in Babson Briefs

Tagged Class of 2025, Finance, Graduate, Undergraduate, Class of 2026