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Software Details
The Trading Center offers a variety of financial software that can be useful in many types of research and analysis. Any A.B. Freeman student or faculty member is welcome to use the software.
Freeman's Energy Fundamentals and Trading course, which uses the Reuters Market Data System and Reuters' ReplayService to provide students with either live data or replay actual historic commodity data to simulate true-to-life market conditions. Freeman is the first and only business school to combine industry standard applications from Thomson Reuters and Trading Technologies with the ReplayService in the classroom. Using the system, instructors can program data to simulate virtually any market condition they choose, whether it's the events leading up to Hurricane Katrina or the aftermath of the latest announcement from OPEC. The platform provides students with the same software used in commercial trading shops, providing them will the full interactive charting package and integrated analytical tools available in the market place.
Tulane's Trading Center also has an additional unique feature that provides students with the ability to interact with the live market data from the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE). The data, and the software to manage this information were provided by generous donations of software and data from Trading Technologies and Advantage Futures.
Students have the ability to monitor live, fast-paced market depth information only available on electronic exchanges, while having the ability to enter trades through a very creative facility that instantaneously converts the live market data into a simulation environment that processes trades from students as if they were originated and cleared in a live market environment. Market depth is a term used to describe the bids and offers entered into the electronic trading exchanges where individuals have actually placed different orders to buy and sell at different prices. Tulane is currently the ONLY university that has such information available. This information allows students to have their trading positions interact with the bids/offers existing in the market as if they were on a real trading floor.
This feature provides the university with a backbone to facilitate the growing electronic trading skills needed in the market place. Tulane students to have the capability to deploy trading strategies by either directly entering trades or by using student-developed algorithmic ("black box") software to automatically enter trades.
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