Rashid bin Ali Al Mansoori
CEO of Qatar Stock Exchange (QSE) Rashid bin Ali Al Mansoori stressed the importance of Algorithmic trading as it has become an important tool used in a wide range of financial markets in the world.
Al Mansoori spoke at the closing ceremony of Carnegie Mellon University in Qatar (CMU-Q) competition for Algorithmic Trading, which witnessed the participation of 12 teams and was held at QSE headquarters, QNA reported.
The competition included students from various specialisations who worked during its activities to develop a profitable and strategic program for trading in the financial markets.
"Algorithmic trading is becoming a very important tool in the global financial markets recently, and in my opinion the competition helps to apply theory into practice and represents an important pillar of the financial eco-system", he said.
"In fact, this type of competitions is a vital educational and mentoring program designed to encourage the students to learn more about trading on stock exchanges and apply the academic concepts in the real life, which will foster a culture of rational investment in the country", Al Mansoori added.
Associate dean of CMU-Q John O'Brien noted "Algorithmic trading is becoming very important in international markets, and competitions like this are excellent preparation for young finance professionals."
