Professional Classroom for Financial Trading Simulation 

I. Scheme

The professional classroom our department planned is consisted of four major functional areas, including the areas of TV wall, discussion, simulated transaction, and signboard areas. All the areas complement each other. That not only can help the students of our department develop related business skills, but can provide the faculty and students with a professional financial transaction environment.

1. The TV wall area: (software and transmission equipment included)

Through the mainframe, transmitting the prompt information with stock market and AP requires the whole cooperation of simulated transaction area.  

Applicable to the courses:

Investments, Financial Management, Financial Markets, Security Investment Analysis, Futures and Options, Bond, Foreign Exchange, Applied Statistics, Research Module. 

TV Wall & Seminar Room 

2. Seminar Room (horseshoe table )

The seminar room is used to offer discussion and application for the class in which student numbers are limited and it can lift the quality of teaching and discussion. Users are able to attain instant information and relevant databases with the combination of the facilities of TV wall.  

Applicable to the courses:

Financial Statement Analysis, Case Study, Research Module, and Teaching Seminar.

3. Simulation Trading Area (equipped with personal computers)

It is an interactive instruction imitating the real trade-off situation of bank loan, financial bill, foreign exchange between two sections. As an example, displays the information of various financial market through the TV wall. After seeing the simulated messages (for example, the Central Bank adjusts the deposit reserve rates), students should be able to evaluate the possible changes in the financial market and make a response to quote a price through computers. Each computer represents a bank. In the meanwhile, one can go into each Terminal by computers’ connection and know how the price each bank quoted. By interacting with each other and holding the contest of simulated trade-off, we would improve the efficiency of learning. The idea of Simulated Trading Area originates from the idea of the training programs for bank faculty. This is brainchild of the faculty of our department, so the software is developed and researched by ourselves. No school has such kind of functional classroom so far.

Applicable to the courses:

Related courses like the TV wall area mentioned above, in particular applicable to the simulated trades on interactive instruction, bonds, and foreign exchange.

Simulated Trading Area ( equipped with personal computers)　

4. Signboard Area (banking boards and monitors)

“Monetary market” boards and TSEC listed securities stock price volume and index boards and overhead projector monitors. 

Applicable to the courses:

Case study, applicable picture, and derivative financial commodities for advanced discussion.

　　　　　“Monetary Market” Board          “Stock Price Turnover Volume and Index” Board

II.    Hardware Facilities

1. Television Wall:

8*3 28 inch showing screen, 1 television wall central processing unit, 3 television control units, professional modem.

In front of the television wall are track whiteboard which will inside the right of the television wall. In front of the whiteboard is the screen of the episcope which can missile. In the usual time, it will roll to the ceiling.

2. Simulating Trade Area

46 personal computers (include one for the teacher) （Pentium III 600,128M RAM,20GB HD）,server, computer internet broadcasting system, 2 laser printers, 4 colorful printers, 7 scanners, 10 dot matrix printers.

III.      Professional Software

1. The closing price of GVS (轟天雷股票系統) and Future System (大未來期貨系統)

2. “Finance and Economics Data Bank” and “International Economics Data Bank” in the data bank of times information finance and economics.

Please see our school’s website: Library/ Data Bank Index/ Disk Data Bank: in the “Chinese Disk Data Bank” there are “Times Information Finance and Economics Data Bank—Finance and Economics Data Bank” and “Times Information Finance and Economics Data Bank—International Economics Data Bank”

3. The Professional Library Data Bank of Exchange and Future (on-line network Data Bank)

Please see our school’s website: Library/ Data Bank Index/ On-line Data Bank/ Buy: The Professional Library Data Bank of Exchange and Future

Only buy: in market finance affaires paper and public instruction paper

(Please note: school use only and please turn off the set of Proxy)

4. International Financial CAD

Reference: The Introduction of Financial CAD

Financial CAD Corporation

5. Taiwan Economic Journal (TEJ) Data Bank: “Stock Price Database” and “Financial Report Database”

Please go to the web of NPIC: Library / Database Search / CD-ROM Database: “Chinese CD-ROM Database”— “Economic Journal Data Bank”

Another Reference: Taiwan Economic Journal

6. AREMOS (Taiwan Economic Data Center)

Include 23 databanks, such as: Financial Statistical Databank (FSM), Taiwan’s IMF IFS Format Financial Statistical Databank (IFS), Stock Market Statistical Databank (STOCK, TSE), Listed Companies’ Financial Statements Databank (COMP, COMPF), Over-the-Counter Stocks’ Rates of Return Statistical Databank (OTCRR)…etc.

Reference resources:

(1) Taiwan Economic Data Center

(2) A Brief Description of the 37 AREMOS Databanks

(3) The following is a brief description of the 29 Taiwan and China databanks that are open to E-mail service:

7. MATLAB in Financial Engineering

Finance Market varies often. It must possess the function of prototype, to set up the pattern，to check the accuracy of the tool，and finally to transmit to the ultimate users and so on to evaluate the instrument of the new model, and the applying formula. Sometimes such jobs quite waste time. In the complicated and competitive market, researchers and analysts depend on MATLAB to research and analyze rapid prototyping; Besides, they develop applied program for key decision makers, investors and traders.

MATLAB is interactive software with high ductility, in which it can integrate high-performance, advance picturing, GUI construction, interactive development, automatic encode applied development and so on into single surrounding.

 Under the opening construct of MATLAB, you are able to choose and enhance any appliance you need. Besides, you may easily revise the original Library GPL and design, or advance your particular function through any Source Initiative in toolbox. MATLAB is a powerful and the forth programming language; it is full of development and application. It suits to analysis finance and economics as well as build a model of financial affairs. Experts of finance and economics consider that using MATLAB to build a model spends less 90% of studying time than writing the C language.

Quantitative analysts, economists, risk managers, portfolio managers and other financial engineering professionals all
apply MATLAB to diverse kinds of fields, including:

• Bond rating; return and sensitivity analysis or study

• Portfolio maximization analysis

• Asset allocation

• Financial time series analysts

• Assessment of the options & Analysis of the sensitiveness

• Analysis of cash flows

• Risk management

• Forecast and Simulation

• Analysis of interest rate curve & Model of  Deadline structure

• Monte Carlo simulation

• Analysis of GARCH-based variation rate

Unique MATLAB products with applicability developing environment provide some services:

• Analyze perfect techniques and seek for several solvable ways.

• Develop the mold and prototypical application rapidly and correctly.

• MATLAB create C/C++ code and automatic applied program code.

• Test and Improve analyses.

• Expand the mold and application rapidly for the last user.

8. Statistical software Eview 4.0,RATS

9. With many kinds of on-line information bank in the library

        Please see the homepage of the school：Library / Information bank retrieval

• Disc information bank

• On-line information bank / free

• On-line information bank / order

• Test information bank

IV. Future Development

Our department plans to imitate a professional classroom. Besides software and hardware can satisfy our current needs, we further plan the professional classroom into several ways to develop.

(1) United the library and the source of computer center, provide our teachers and students have international financial trading virtual reality.

(2) The main professional teachers in our department will devise all kinds of financial trading imitational software which is united to practical experience, for example, bond trading, ticket trading, and foreign exchange trading etc.

(3) The professional classroom can provide a general practical financial training program for common people.

(4) The professional classroom also provides employees who work for financial institutions have professional education training and build up an education-industrial complex relationship.