Queens University Trading & Investment Club

Welcome to the Second Meeting 2014/15

Order of business

1. Next Week 2. Elect committee 3. Registration 4. SMF Update 5. IB competition – Sign up – Demo

Paul McNulty - Fund Manager for Setanta Asset Management https://www.facebook.com/pages/Value-Investment-Institute/144303498960990?sk=likes

President:

QUTIC Committee

• Dominic McNeill (Elected) • Brendan Boylan (Elected Vice President)

Treasurer :

QUTIC Committee

• Patrick Toner • Jamie Mackenzie (Elected)

Secretary:

QUTIC Committee

• Niamh Quin (Elected) • Lisa Hutchinson

Registration

• • • For anyone who: has yet to sign up has yet to pay up didn’t get an email from Chris last week…please reconfirm your QUB email address.

Student Managed Fund

QUSMF

• • • Applications for the Student Committee have been reviewed.

Short listed candidates will now be interviewed.

Asked to prepare: – Maximum 2 page analyst report (B/H/S and 12m target) – Short presentation (without slides)

QUSMF

• • Candidate interviews for the CEO role are tomorrow afternoon (Wednesday 15 th ) CIO, CRO, CFO dates…..TBC

• Sector heads and other roles will be allocated by the student committee.

• CEO to schedule first full meeting of SMF.

Student Managed Fund

Trading Competition

IB Trading Competition

• • Trading and Investing Competition using Interactive Brokers – US-centric platform – Real time data – Accessible from anywhere – Browser, iphone, ipad apps (order book) We’ll run one competition from now until end of first semester

IB Trading Competition

• • Last year we changed a £5 entry fund which was used as a prize pot.

– 1st Aaron C Doyle £95 • Plus £75 from Quilter Cheviot – 2nd Ryan McGahon £57 (£19 risk adjusted prize) – 3rd Kevin Shannon £19 Your committee will decide how the competition runs.

IB Trading Competition

• • • • Next steps Register your interest You will be invited to set up an account You need to

remember

your: – username (you have to create one) –

Password

Start trading!

https://www.interactivebrokers.com

Market tab to track market Configure your own watch list

Account tab to track your portfolio • Cash balance • Current positions/prices • Average cost, PL, etc

Products tab for charting, securities of interest

• • • Order Management placing/reviewing order A order only becomes a trade once executed At a minimum set BUY/SELL, quantity and symbol Then ‘Preview Order’ and ‘Submit Order’

IB Trading Competition

• • Market (MKT) versus Limit (LMT) orders: A MKT order executes at the best price – always executed subject to liquidity – price not guaranteed A LMT order executes at a price no worse than the one you specify – price limit guaranteed – execution not guaranteed

IB Trading Competition

Remember: – when you buy you pay the ask price – when you sell you get the bid price So click on: – ask to buy – bid to sell – or use open/close Watch out for the tool tips

IB Trading Competition

Your portfolio is marked to market and reflects the current market price Your PL is unrealised until you reverse your original trade.

Then it becomes realised PL

Questions?

Follow QUTIC…

Google “facebook QUB Trading & Investment Club” @qubtradingroom [email protected]

www.qubtradingroom.com