Options Trading Simulation
The Options Trading simulation is designed to put the participant in the seat of a real options broker, monitoring the market and its movements (price, news, supply & demand), anticipating price changes, taking incoming calls from clients who may variously want to buy or sell and making outgoing calls to generate business and manage risk and holding levels.
The Options Trading simulation connects participants simultaneously like market traders in a simulated exchange. The simulation can be run either in "closed" format or an "open" format. In the closed format, the simulation is run in an off-line version, with all participants connected to a specific local area network, with the number of participants limited to 25. In the open format, the simulation can be run over the Internet and the number of participants could be unlimited.
During the simulation, the participants experience the stress, demands, exhilarations and disappointments of a typical trading day. They will be required to adapt their views when faced with different market conditions. They may also need to adjust their particular options trading strategies, from trading within a tight range - which forces the participants to try to make money between the purchase price and sales price - to scenarios where participants will need to take a view of the market and manage the risks involved. The day has been pre-programmed with news and price developments at pre-determined times; however it can be manipulated from the control panel during the session in order to test the abilities of the individual dealers. Overall, the participants will test their abilities to react to markets and to experiment with differing strategies and practices.
