Baruch College

14th Annual Equity Markets Microstructure Seminar

                  Maximizing the Value of an Educational Trading Room


February 23-24, 2017

Baruch College
Wasserman Trading Floor
Subotnick Center
151 East 25th Street, New York City

Robert A. Schwartz
Zicklin School of Business
Baruch College, CUNY

Bruce W. Weber
Lerner College of Business & Economics
University of Delaware

Gregory Sipress

Trevor T. Moores
Zicklin School of Business
Baruch College, CUNY


Bloomberg for Education

S&P Global Market Intelligence

Educators seek to provide rich, immersive opportunities for students to apply classroom materials to real world situations, and this is where trading rooms can have a key role to play. Trading rooms typically enable students to obtain and use real time, fundamental company and market information that is relevant for making corporate decisions, primarily with respect to trading and investing.  But passively accessing information in a trading room is not enough. Students must be able to actively link this information and make decisions based on the concepts presented to them in classrooms and textbooks. Only when they can experience what is involved in acting on market information, will their trading room learning truly come alive. How can this be accomplished? The purpose of the seminar is to answer this question with examples, discussions, and sample materials for use.

Computer Simulation
A market simulation, TraderEx, will be used extensively in the trading seminar.  It is designed for broader use in business courses.  TraderEx is an interactive simulation model originally developed by Schwartz, Weber and Sipress, that enables participants to enter orders into a computer-driven market that generates order flow, and responds directly to participants’ orders.  Participants can see their results in real-time, and can analyze their decisions after a simulation run.  Continuous order driven markets are simulated, along with call auctions, a block trading facility and hybrid combinations.  Participants also gain experience by competing with each other in a networked environment and assessing performance afterward.


The registration fee is $275, which covers seminar materials, lunches and a gala dinner.  To register, please print the registration_form and fax to: Eileen Stempel at 646-312-3530 or email following instructions on registration form. Seating is limited!

Book A Hotel Right Away! NYC Hotel Rooms fill quickly!
We can email you a list of hotels within walking distance of Baruch College. We have no special rates or blocked rooms with these hotels. They are only suggestions based on their proximity to the school. We also strongly suggest using travel websites to find the best deals.


Feb 23



Registration and Coffee
Welcoming Remarks: H. Fenwick Huss, Dean, Zicklin School of Business
9:00 Instruction Using Experiential Learning - Moores

Discussion:  Trading vs. Investing

Moderator:  Justin Schack, Rosenblatt Securities; Panelists: Deniz Ozenbas, Montclair State University, Jim Samuel, William Patterson University, Akin Sayrak, University of Pittsburgh

10:15 Coffee Break
10:45 Simulation as a Learning Tool - Weber

Trading Labs: On the Road to Experiential Learning
Moderator - Schwartz, Nazli Sila Alan, Fairfield University, Bora Ozkan, Temple University

12:30 Lunch

Simulation: An Order Driven Market – Sipress & Weber

3:15 Coffee Break
3:30 Connecting with Bodie, Kane and Marcus, Investments Weber
4:00 University Finance Labs 101 Rob Langrick, Bloomberg for Education
4:30 Call Auction Trading – Schwartz, Sipress and Weber 

Displays and Discussion with Sponsors


Cocktails and Dinner –  The Blue Bell Cafe, 293 Third Avenue (between 22nd and 23rd Streets)


Day One concludes



Feb 24
8:30 Coffee

Simulation: Block Trading – Sipress & Weber

10:00 Trading Competitions - Leo Murphy, CampusConnect, Trading Technologies

Coffee Break

11:00 Your Financial Data Needs on Campus  Howard Bernheim, S&P Global Market Intelligence
11:30 Algorithmic Trading in an HFT Environment – Sipress
12:00 Lunch

Conference concludes