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Article: Real-life simulation. (International News: Americas).(Kent State University launches a simulated derivative trading floor)(Brief Article)
- Article from:
- Futures (Cedar Falls, IA)
- Article date:
- May 1, 2003
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A real bell rang to open the first simulated derivatives trading floor at an academic institution in April at Kent State University, where a 25 workstation facility built by Tekom Inc. simulates trading with live data from six global exchanges and three news organizations.
"Historically, the way futures and options have been traded [is] open outcry," says Michael Persico, president and CEO of Tekom. "There is a movement in the United States for these products to be traded, now, on screen. What Kent has done is not just teach the theory but to also teach the application of derivatives trading."
Design construction and on-going management of the trading ...