This list distributes notifications of Task Force and trading room events.
visit us at http://mitsloan.mit.edu/trader
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About the Task Force
====================
An important goal of every good school is to inspire students to keep learning outside the classroom. That's just what happens every month when a group of students calling themselves the Trading Room Task Force gets together in the basement of Building E52 at the Sloan School. Formed in 1997 by professor Andrew Lo to maximize the potential of the school's state-of-the-art Trading Room, the Task Force has been quite successful.
Each month anywhere from 30 to 50 students run a different trading scenario adapted from commercial software for training in trading strategy and finance theory. The focus is on stocks and bonds, explains David Yang, a class of 2000 graduate who helped found the Task Force and is behind much of its growing popularity. "The games let people see how the stuff they learn in classrooms might actually be applied in real life," he says. "The main thing is the pressure. A lot of people who play the games are very serious about it, so it almost feels like it's a real trading room. And you're also trying to beat everyone else at the psychological game."
The Task Force constructs presentations that explain how to price and trade various securities such as bonds, equity and options. Before the trading game begins, they present to the group all the fundamentals of the game so that students of any experience level can participate. Not only does this allow finance students the opportunity to apply what they have learned, it also encourages other students of different majors to become interested in finance.
Besides trading games, the Task Force researches and documents financial software including Barra, Expo, Reuters, and Bloomberg. The documentation is available in the trading room and online so that students can read it and teach themselves how to use the software.
In order to find out more about the Sloan Trading Room Task Force email taskforce@mit.edu
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