Trading Cases
Overview: Participating in an FTS interactive market lets you experience how financial markets work. In each trading case the price discovery problem is tied to a learning objective. In this way two important properties associated with financial markets, arbitrage and efficiency, drive learning in an FTS trading session. For example, suppose the learning objective is the time value of money. If someone in the market is not applying this concept correctly when trading, another trader can exploit it. By working through a case and preparing a support system to help you trade, you develop your analytical and model-building skills.
Resources
For Instructors
Performance evaluation: Performance is measured in every trial. A grade can combine participation and average rank across multiple trials; one example is 50% participation and 50% relative performance.
For Students
The B02 demo is a good way to learn the mechanics of trading before participating in a class session.
Fixed Income Cases
Each case is a separate, self-contained HTML file. Excel support is available under Specific Case Support.
Stock Cases
Note: The RE spreadsheet also contains one-stock versions of RE1 with and without private information in double-auction, quote-driven, and order-driven markets, plus variations of RE2.