Trading Room by Matt McGann '00

Having received my MIT degree in Management Science, I’m still on the mailing list of the Sloan Undergraduate Management Association, or (SUMA). I often get some interesting notices over the list, and thought I’d share this one with you:

Date: Sun, 27 Feb 2005 04:25:08 -0500
To: [email protected]
Subject: [SUMA] Trading game

The Sloan Trading Room Task Force presents:
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Equity Trading Game and Tutorial
Wednesday, March 2, 2005
4:30pm-5:30pm
Sloan Trading Room, E52-010 (Basement of E52)
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REGISTER NOW!
TO REGISTER, please send an email to [email protected]

~ For you first-time or novice traders, come try it out! See the
state-of-the-art
Trading Room.
~ Learn about market efficiency!
~ Compete against other students!

MIT has a really cool Wall Street-style trading room. This is what the MIT News Office wrote about it when it was built in 1996:

Sloan has just completed the first fully equipped state-of-the-art
trading room ever built on a university campus. Identical in every
detail to the best trading rooms in financial capitals around the world,
this unique facility will not only give Sloan students first-hand
experience in the world of high finance; it will also serve as a
powerful platform for carrying on the school’s tradition of pioneering
research in finance and financial engineering.

“Our overall goal at Sloan is to spur innovation by bringing together
the very best of theory and practice,” said Glen L. Urban, professor of
management and dean of the Sloan School. “This new facility is not only
a realistic proving ground where we can work closely with industry to
develop and test the new financial techniques and technologies emerging
from our research, it is also a classroom for teaching the people who
will implement those new tools in practice.”

Pretty cool stuff, whether you’re a major (or double major) in Management Science, or taking advantage of the new minor in mangement, or even to people not affiliated at all with Sloan. MIT’s resources, for the part, are open to anyone in the community, regardless or year/major/etc.