Here is an outline for the combined undergraduate and MBA course "Trading and Market Data Management" that George Hart taught in September 2021 Block Week. This outline will be modified as appropriate and will become a basis for the FNCE 449/668 offering. The course is currently listed as tentative for the fall Block Week 2023. New funding is being put in place to increase the number of licenses for trading data management systems. Once this is finalized, the tentative status will be removed. This experiential course is intended for Finance and Risk Management Majors who would like to use the data feeds and trading simulation software in our Murray Edwards Trading and Finance Lab (SH 362). The Lab will move to Mathison Hall in 2023 (MTH 139).
The data feeds (Bloomberg and Capital IQ) are commonly used by finance professionals in Calgary, Toronto, New York, London and other major financial centres. They are used to assist in making trading, investment and hedging decisions, and to obtain information that is relevant for capital budgeting, corporate financial decisions, hedging strategy, portfolio management and investment banking.
The trading simulation software (Rotman Interactive Trader) is used by some industry participants for training and is the basis for the annual Rotman International Trading Competition (RITC) in Toronto. The trading software gives students experience in managing and trading a book of assets (commodities, equities, and physical positions), as information arrives and other traders place market and limit orders.
The course will be intensive and is only suitable for students who are seriously interested in a career in finance and who have the work ethic to succeed in a high-pressure work environment. It should be a very rewarding course for those students. Students must have completed FNCE 317. The course will be valuable for FNCE and RMIF majors early, as well as late in their BComm career.
It is designed to complement, rather than replace, other FNCE electives. Thus, some students have taken it as an overload to their FNCE requirements.
Prequisites, Co-requisites and Anti-requisites
FNCE 317 is a pre-requisite.
Also for MBA Students
Consideration will be given to MBA students who have taken FNCE 601, in which case the course will be FNCE 668. MBA candidates need to submit all of their undergraduate transcripts for courses similar to those require for undergraduates. Some MBA students will not have all of the pre-requisites, but if they are lacking too many, the application won't be accepted because they will be too far behind the undergraduates in preparation.
There are no co-requisites or anti-requisites. In particular, this course may be taken before, after or alongside the CPMT course, unlike the arrangement for previous years.