The newest financial training destination for RMIT students has been officially launched in partnership with Thomson Reuters.
The RMIT Trading Facility (RTF) was officially launched by Matt Whaley, Head of Sales, Financial and Risk for Thomson Reuters Australia and New Zealand and Professor Ian Palmer, Pro Vice-Chancellor Business and Vice-President.
“We’re proud to be powering RMIT’s new Trading Facility with Eikon, our next generation financial platform, and giving students real-time access to the breadth and depth of our industry-leading market data, analytics and tools” Whaley said.
“Today’s students are the next generation of global financial professionals and it’s important they have the best possible tools at their fingertips.”
The RFT will take live market data feeds from Thomson Reuters, a global leader in providing information and technology used by financial professionals. The facility simulates what is happening in financial markets for teaching and learning purposes.
A bell will ring loudly to signal the start and close of trading and screens which will beam rolling share prices, so students can learn to make major investment decisions and safely navigate the global financial markets on their feet.
The high-tech teaching tools and system are part of a conjured environment to deliver real lessons to students using pretend clients and money.
School of Economics, Finance and Marketing senior lecturer Dr Monica Tan said the RTF will give RMIT’s finance students an edge over their competitors.
“Students will sit at dealers’ desks and use market data in real-time trading simulations for multi-asset portfolio and risk analysis, hedging, money market and foreign exchange trading, conducted at real-time market rates.’’ Tan said.
“It will give our students an edge with prospective employers and this part of the course will be crucial to their ability to get jobs,’’
Bachelor of Business student, Jeremy Breukel, said the facility had given him “real-life’’ experience in stock analysis, before starting as a Portfolio Administrator at Bell Potter Securities.
“The system I trained on at RMIT is the same one I use at work and this gave me a real advantage over others, it helped me hit the floor running when I began working here,’’ he said.
Story: Rita Truong