Baruch College

13th Annual Equity Markets Trading Seminar

From the Classroom to the Boardroom:

The Educational Function of a Trading Room

Dates
February 25-26, 2016

Location
Baruch College,
Wasserman Trading Floor,
Subotnick Center
151 East 25th Street, New York City
http://www.baruch.cuny.edu/map.html

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

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

Richard Holowczak
Zicklin School of Business,
Baruch College, CUNY

Gregory Sipress
TraderEx

Sponsors

Bloomberg Institute
qbeats

Purpose

Educators want 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 and Weber, 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.


Registration

The registration fee is $275, which covers seminar materials, meals and a gala dinner.  To register, please print the registration_form and fax to: Eileen Stempel at 646-312-3530 or email Eileen.Stempel@baruch.cuny.edu. Please follow 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.

PROGRAM

Thurs.
Feb 25

 

 

8:15
Registration and Coffee
8:45
Welcoming Remarks
9:00 Innovative Uses of Trading Floors Across the Academic Curriculum - Holowczak
9:45

Discussion:  Trading vs. Investing

Moderator:  Larry Tabb, CEO, TABB Group; Panelists: Deniz Ozenbas, Montclair State University, Michael Pagano, Villanova University and Jim Ross, PDQ

10:15 Coffee Break
10:30

Simulation as a Learning Tool: Schwartz, Sipress & Weber

12:00

The Complex World of Information - Max Holmes, qbeats

12:30 Lunch
1:15

Simulation: An Order Driven Market–  Sipress & Weber

2:30 Liquidity and Asset Pricing - Schwartz
3:15 Coffee Break
3:30 Connecting with Bodie, Kane and Marcus, Investments - Weber
4:45

How to Integrate Bloomberg into Your Curriculum - Rob Langrick, Bloomberg Institute

5:15 Displays and Discussion with Sponsors
6:30

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

Fri.
Feb 26
8:30 Coffee
9:00

Simulation: Block Trading – Sipress & Weber

10:30

Coffee Break

11:00 Using Simulation as a Research Tool - Schwartz
11:30 Going Further - Applications in Non-Finance Fields - John Paul Broussard, Rutgers University, Holowczak, Schwartz, and Weber
12:30 Lunch
2:00 Conference concludes