This module lets users manage a mixed currency position of stocks,
futures, options and fixed income securities. As a result, it
can be applied in a range of courses. It can link to the major
data providers in a Trading Room or it can be used to link to the web
so that students can manage their positions in their own time.
The real time position manager permits adjustments to be made for
dividends, splits, expiring options and more. As result, it can
be used for a wide range of position management exercises ranging from
managing an options book to managing an equity portfolio.
Note: The Real Time Trader is
not designed to be beyond manipulation. For example, linking to
delayed data can always be manipulated. It is designed for
classroom project use only where the grading does not depend upon how
much money a particular student team earned, but rather how they
selected, managed and analyzed their performance. As a result,
all responsibility for managing the position with real time trader is
borne by the users not the instructor. However, to make this
transparent the real time trader links to Excel so that Excels serves
as a powerful database for keeping relevant data.
The Modules (Equity, Bonds and or
Derivatives) which can be used without using Real Time Trader, but
they can also provide a powerful trading support system for a Real
Time Trader project.
A detailed start to this module is to
use the drop menu above, titled Fast Start to FTS and select Real Time
Trader. This works through the operational steps required for
managing a position that uses the entire S&P100 in real time using
delayed prices from the web. |
