The UniSA Business School has the first simulated financial trading room in South Australia, enabling students, researchers and industry to engage with the global derivatives trading industry through market simulation programs. The trading room is sponsored by global leader in innovative technologies for the financial sector, IRESS.
The IRESS Trading Room is used throughout undergraduate and postgraduate finance courses offered through the School of Commerce. HDR students are able to use the trading room for research purposes.
With a sponsorship of $3.5 million from IRESS, UniSA launched the first trading simulation facility in South Australia in 2017. The IRESS Trading Room is the first platform that uses IRESS market technology similar to what practitioners are using (institutional and private client dealing rooms, fund managers, research departments, corporations and private traders). More specifically, students can execute an actual trade as the software fully integrates with other products and models, such as back office systems, financial modelling tools and proprietary systems. It also has the mobile and algorithmic trading capabilities.
Users have access to an extensive historical database covering time-series data on security prices, exchange rates, commodity prices, economic data and market statistics. One key feature is the IRESS mobile solutions which allow traders to execute orders and view the latest market information while on the go. IRESS mobile solutions connect the modern mobile trader with the markets anytime, anywhere.
The IRESS Trading Room is also used to train financial planners in the use of Xplan. Furthermore, this facility has other sophisticated devices such as eye-tracking devices which allows researchers to conduct behavioural finance experiments.