Topics: Basics of Trading: From Barter to Intercontinental Exchange

Catalog description

This course deals with the evolution of trading from mercantilism in the medieval world to modern electronic trading exchanges. Students will learn about what drives trade, whether it be in goods and services or in financial securities. What are the objectives of the trader, and how does the organization of the trading venue satisfy those objectives. the concepts of bid, ask, limit, and market orders will be reinforced through simulations and trading games. Site visits to live trading venues, and guest lectures by wall-street traders will be emphasized.