Rotman Interactive Trader

Rotman Interactive Trader (RIT) is an application that simulates a stock exchange and allows users to transact financial securities with each other on a real-time basis. The user-friendly and transparent interface has been designed specifically to facilitate the learning experience. Users will be able to see each step of transaction process occur as they submit their orders to the market and trade with one another.

How does Rotman Interactive Trader work?

RIT has been designed as a server-client application. The moderator of the session runs the server and specifies case parameters. Users can then enter the trading environment by using the client application and logging into the server via a TCP/IP (Internet/LAN) connection. The server creates and manages a centralized limit order book which is broadcast in real-time to all connected traders. Users can then interact with the orders book by submitting limit and market orders.

Primary Learning Objectives

• Familiarize users with order-driven markets and (limit and market) order types.
• Teach users about the liquidity of markets and the impact of trading costs (real commissions and liquidity slippage).
• Provide a realistic borrowing environment that allows for margin loans and short selling so that users understand the implications of margin trading.
• Familiarize users with a trading interface that resembles real transactional software used by financial institutions.
• Teach users how order driven markets contribute to price discovery.

Advanced Learning Objectives

• Teach users how to value and price securities such as equities, bonds, options and futures.
• Teach users about the different types of risks associated with different securities.
• Provide an infrastructure to allow students to export and manipulate data in a real-time setting via custom designed Excel models.
• Provide a fair trading network to allow participants to quantify and compare certain trading skill metrics against other traders

Read about the features in Rotman Interactive Trader.

Download the software and take a tour of RIT today.