Explore the RMIT Trading Facility, the only one of its type in Australia and one of the largest tertiary-based facilities in the world.
[Start of transcript]
RMIT is really proud to be partnered with Thomson Reuters to provide the Thomson Reuters Trading Facility, which is among the largest of the trading facilities of its kind in Australia. Students and academics have access to Eikon, which is a financial tool that provides live market data that students can access either in the trading facility or remotely.
Thomson Reuters are a very large multinational organization and we are the largest provider of financial markets information and services in trading and analytics globally. Eikon is a technology platform that enables financial markets professionals to access financial markets, data, news, analytics, and so on, via computers and their mobile applications. It's used by a wide range of users, from private client investors working from home, right through to the largest banks in the world. And end-users will use it primarily to get access to real time and historical financial markets information and the latest breaking news stories to make informed decisions when they're buying or selling assets in the financial markets.
Eikon provides students with access to the same tool that financial professionals at the world's leading banks and investment firms are using, so their learning is current and relevant in a realistic hands-on environment.
Dr. My Nguyen:
For international finance, we will use both basics apps and the advanced apps for students to conduct initial market feel and portfolio analysis, and they will need to use Eikon app's portfolio analytics to compare with a benchmark portfolio.
So we've used Eikon in the beginning with our financial markets course, and now I'm using it in international finance, risk management and investment, so Eikon has become my second language right now.
So in my studies it's helped me apply the knowledge that I've learned into real world application, so I can look at different stocks and apply to real stocks in the ASX and apply what I've learned in international finance or what I've learnt in investment to actual application.
The biggest thing we've taken away from this is the language that traders use and economists use in the workplace, so when we do graduate, when we are in the industry, we can already speak the language that they're speaking as well.
Well for academics, what it's doing, it's giving them access to exactly what people in the markets are actually using at the moment. So if they're lecturing students or teaching students what's going on out in the real world. They're using exactly the same tool that the financial professionals are actually using, so it's a lot more relevant for both the academics and of course, the students as we mentioned.
Dr. My Nguyen:
Compared to our last trading platform, Eikon is more accessible and it's more easy and user friendly for our students. They only need to type in the keywords and they can search for the key information or key apps that can facilitate their trading.
I do find the Eikon user-friendly, I can just type in one letter into the search bar and it will come up with a thousand options so I can explore whatever I want. I do think Eikon will help me find a job, I'm very comfortable with using this software now and it helps me to stand out more.
I think Eikon will help me find a job because Eikon is integral to the finance industry, it's a work skill that I've developed and I can finally use in the workplace and they don't have to teach me from scratch, I'm already familiar with the system.
In the trading room, students are taught the theory and terminology of the financial markets, and they're able to apply that learning as they would in a real trading room. This results in students developing a really deep knowledge base which prepares them well for the world of work.
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