Every student is looking for a competitive advantage as they enter the workforce. At the same time, tertiary institutions are seeking to provide this through advanced learning technologies.
With a look and function just like a trading room in the finance industry, Deakin University’s innovative Telstra Trading Room enables students to put theory into practice. It is one of the most advanced simulation environments in Australia.
“The facility adds to the experience and employability of the students,” Deakin Business School’s Associate Dean, Industry Engagement and Partnerships, Professor Barry Cooper, says. “It gives them real-world trading experience in an environment that is fully immersive, and also provides small-scale team learning and teamwork building.”
“The facility adds to the experience and employability of the students – it gives them real-world trading experience in an environment that is fully immersive and also provides small-scale team learning and teamwork building.”– Professor Barry Cooper, Associate Dean, Industry Engagement and Partnerships, Deakin Business School
By using technology in a small group setting, Deakin University is encouraging the sort of teamwork and innovative thinking that fuels the finance industry. Students have the opportunity to practise their trading skills using all the data that would be available to them in a real trading room. They can sharpen their skills and deepen their understanding of the pace and precision of a high-pressure trading environment.
“The Trading Room is the perfect mesh of Deakin University’s vision for a digital future and the Business School’s vision for where the faculty needs to be in providing students with real-world skills,” says Lorri Cahill, Deputy General Manager, Deakin Business School.
The technology also enables students to gain a practical understanding of trading that would otherwise remain theory until the student graduated and obtained a position in the finance sector.
Featuring real-time finance feeds, including tickers and business information provided by Bloomberg terminals to simulate a professional trading environment as closely as possible, the Telstra Trading Room can accommodate up to 45 students at any one time.
By providing a technological solution, Deakin is preparing the students of today for the workforce of tomorrow.