Senior Economics Groups in Bond Trading Event

Economics-GroupRecent Bond Trading Event at Thomond Park

 Senior Economics students attended a Bond Trading Competition in Thomond Park recently and were placed second in the competition which was open to all Limerick schools.

Two teams of four students each from Glenstal Senior Economics classes participated in the event which was held in the Thomond Suite of Thomond Park. The evening was sponsored by Bank of Ireland and was open to senior students of Limerick schools.

Food and refreshments were provided for students on arrival and the Bond Trading Challenge followed. It was as close to the real thing as was possible. Students were given ‘real life’ economics news headlines over the past year and were asked to react as a bond trader would by “going long” or “going short”. The students then had to explain into a microphone, the basis for the decision the team made. On one occasion when Glenstal’s Alex Donohoe explained his move, the area manager turned to a local manager beside him and told him to “get the CVs from that team before they go!”

A great evening was had by all and in addition to being fed the boys received gift bags for participation. More substantial prizes went to the top winners. Glenstal were very unlucky on the last round, which was very close but the fifth years will have gained from the experience for next year.

The Sixth Year team, who were placed second, was captained by Alex Donohoe and included Bobby Fleming, Joe Hartnett, Ian Molloy and Kelvin Murphy

The Fifth Year team was captained by James Enright and included Jack Sheedy, Cian Rowan, Sean Murtagh and Duillean O’Sullivan.