game is a simulation based on trading in an Open Out-Cry market.
It's a stimulating introduction to securities markets and to the
process of price formation.
specific framework, you will experiment real trading conditions :
- be market maker vs market taker
- understand bid-ask spread
- fill and use a book of order to execute customer's orders
- use at best and limit order, manage the closing session,
- experiment the effects of liquidity, resilience, ...
- manage the orders flow, be a clerk, a runner or a broker-dearler
Learnings and citations
"This game is extremely catchy and brings us to establish a strategy
to maximize our chances of profit and to be very reactive vis-à-vis
the market changes."
heat of the action
and the accumulated hubbub made the reflection difficult. The
experience is fun, educational and enjoyable."
"It shows us a lot of knowledge that we cannot learn from books
If there is another game, we would try harder and play a more active
role in it."
"You must continuously monitor the market changes, communicate well
with the back office, and
force yourself to develop a real strategy."
"This experience was very formative and we learned much about the
conduct of operations inside an organized market.
This game also allowed us to master concepts that were up to now
theoretical as: differences between Broker / Dealer, how to pass bid
/ ask orders depending
on market conditions and the order book, how to react quickly to the
market and make based bid / ask instantaneous decisions...
For all this learning, we thank Professor BARCHECHATH for his
explanations and for this wonderful experience."
"This simulation can lead to certain vocations and our side was very
rewarding for us. The opposite may be true."
"Very good experience to
feel the emotions of the trades
of trading rooms. Allows a reflection on how to behave in a trading
room (master his emotions, lead to better its goals by functions of other
"As the broker game, it was a good experience realistic enough. It
allowed us to gain insight on market constraints (speed,
adaptation strategies in real time
...). We would
have liked to play on a longer duration (full afternoon or full
"This exercise has enabled us to better understand the functioning
of the market, including
how to shape the market liquidity."
"You can have a very good strategy, but its implementation can be
difficult because of factors affecting the market."
"We noticed that the price to equilibrium appears to be
influenced by strategies, trials and errors and
sometimes agent mimicry."
"In conclusion, enriching experience, very involving (one is near
the production of adrenaline !), and trainer on the reality of
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87 11 24 - AcaDeFi (c) 2010