1. QUANT OUTCRY
FRIDAY, AUGUST 26TH, 2016

2. OVERVIEW
You will be trading two 30 minute heats in an open outcry session
You will be trading futures on the RT100 Index
You will be trading as a team
2 traders
1 Risk Manager
1 Analyst
Positions will rotate for Heat 2

3. TRADERS Traders will be trading futures contracts on the RT100 Index
Traders will have access to the index chart and the news
Both will be displayed on the projector
All trades must be conducted in English
A counterparty bonus is awarded based on the number of different teams you trade with

4. TICKETS
Sample Empty Trading Ticket

5. TICKETS 10 1034 RITC FRTL Ideal Sample Filled Trading Ticket
Buyer – FRTL
Seller – RITC
Volume – 10 contracts
Price – 1034

6. TICKETS Filled Trading Ticket that will not be interpreted RITC 1034
Buyer?
Seller?
Volume – seems 5?
Price – is it 1050 or 950?
Please write legibly! Illegible trading tickets will not be processed and will be deleted.

7. ANALYSTS Analysts will have access to the index chart and news
Analysts are required to analyze the news item and estimate its effect on the RT100 Index and communicate their findings to the traders

8. ANALYST ESTIMATE FORM
Analysts are required to submit an “Analyst Estimate Form” after 10 minutes of trading has elapsed and after 25 minutes of trading
Estimates are a point estimate price of the RT100 Index at the 15 minute mark and 30 minute mark
Actual GDP figures of each country will be released at the 15 minute mark and 30 minute mark
The index chart will display the time elapsed to keep track of time

9. ANALYST ESTIMATE FORM Heat 1 Form 1 (10 minute mark): BLUE
Heat 1 Form 2 (25 minute mark): GREEN
Heat 2 Form 1 (10 minute mark): YELLOW
Heat 2 Form 2 (25 minute mark): PURPLE

10. ANALYST ESTIMATE FORM FRTL Your Estimate
Sample Analyst Estimate Form for team “FRTL” for Heat 2 at the 25 minute mark
Your Estimate
FRTL

11. RISK MANAGERS
Risk Managers will have access to the index chart and news
Risk Managers are required to submit two “Risk Managers’ form” during the quantitative outcry.
Estimates are a point estimate of the team’s position at the time written on your customized Risk Managers’ form.

12. RISK MANAGERS’ FORM

13. CONTRACT SIZES Traders have a maximum contract size of 20 contracts.
Contracts with a volume greater than 20 will automatically be capped at 20.
The contract multiplier is $10

14. HOW TO SUBMIT A TICKET
Both parties go to a ticket taker located at the front of the stage
Both traders must show their nametags to verify the buyer and seller
A ticket taker will confirm the volume and price
Yellow ticket goes to the BUYER and pink ticket goes to the SELLER

15. DEMO

16. PACKAGES TRADERS ANALYSTS and RISK MANAGERS Trading Tickets Pens
4 Analyst Estimate Forms
4 Risk Management Forms
Pens

17. FINAL REMINDERS
Each team is subject to a soft limit of 200 contracts and a hard limit of 500 contracts
Teams who exceed their soft limit will be fined $50 per contract
If Team A’s net position is 215, they will be charged a fine of $50 x 15 and 215 will be their new soft limit
There will be an announcement when your team exceeds the soft limit.
Teams who exceed the hard limit will be disqualified

18. FINAL REMINDERS Please write clearly and legibly
No electronic devices such as pocket calculators or mobile phones are permitted
Both parties have to go to the ticket taker in order to submit their trades – we will not accept your trade otherwise.
All contracts will be closed out at the closing Spot Index
Be sure to have: your nametags, a stack of outcry tickets, and pens
Lab staff reserve the right to break unreasonable trades
If you need more tickets ask the ticket takers for some but please do not climb on the stage

19. ENVELOPES PICK-UP We will distribute the Envelopes now
ONE MEMBER per team please come to the front and we will provide you with:
trading tickets
analyst forms
Risk Managers’ forms
pens