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Freeman Magazine - Spring 2008


Freeman partners with Reuters to bring real-time trading to the classroom

The Freeman School has partnered with Reuters and Trading Technologies to enable students to experience real-time trading conditions right in the classroom — whether the markets are open or closed.

This first-of-its-kind teaching simulation combines the Reuters Market Data System and Trading Technologies software — the software and commodity systems used in most commercial trading houses — with the Reuters ReplayService, which enables instructors to replay actual historic commodity data in real time to simulate true-to-life market conditions. The simulation was used for the first time last semester by students in the course Energy Fundamentals and Trading, which focuses on the futures market of the New York Mercantile Exchange (NYMEX).

“We’re able to capture actual market data and news on any item, edit the data, and replay ?the information with all the Reuters market tickers, charts and news lit up as if the market were open,” says Adjunct Professor of Business Joe LeBlanc, who teaches the class.? “This type of creative technology, along with the ability to control the speed of the data, will help us teach students about many types of trading situations.”

Freeman is the first business school to combine industry standard applications from Reuters and Trading Technologies with the Reuters ReplayService in the classroom. The integration of these commercial grade applications into a seamless, real-life environment with customized data feeds, news, charting and real-time modeling in Excel is what makes Freeman's simulation unique.

“Professors have the ability to hone the trading skills of their students by exposing them to a wide range of real-life market situations, says Nick Dicosola, vice president of the Professional Services Group at Reuters. Beyond this, Tulane students will leave school with a valuable working knowledge of how the trading systems operate, allowing them to hit the ground running on their first day as a trader.”

The simulation, which is being expanded to other trading courses, is garnering national attention. Leading cable business news network CNBC prominently featured it this winter, and numerous energy and trading companies have expressed interest in recruiting MBA students in the course.

“Providing students with applicable real-world experiences is what sets Freeman apart,” concludes Angelo DeNisi, dean of the Freeman School. “This trading simulation continues our tradition of delivering the kind of unique, innovative programs you can’t find anywhere else.”

Last Updated 11/19/08

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