Asia's first 'business' lab launched in ITM

NEW DELHI: With the launch of its business simulation lab, Institute for Technology & Management (ITM), Mumbai has become Asia's first center of excellence to teach management students about "real-time experiential learning in modern financial markets", as an integral part of its MBA - FM.






According to the press release, the lab uses simulations of modern financial markets to give students first-hand experience of how different types of markets respond to information, how different types of market participants exploit informational advantages (or protect themselves against informational disadvantages) and how regulations on trading and information disclosure affect market behavior and trader wealth.





The business simulation lab has 30 dual flat panel trading stations equipped with NSE.it software and real-time data feeds, Bloomberg data feed, three plasma projection screens, two Trans-Lux datawalls and an integrated sound system. In addition, the lab has a growing stock of applications software.





The high-tech business simulation lab enables students, faculty and staff to interact with the global financial community and its resources in a real-time setting. Simulations are conducted in collaboration with teams from NSE.it, Spider software, MoneyLine, Telerate and CRISIL Market Wire. Using high-speed dedicated Internet access this lab receives live data feeds of the market.





The lab's primary focus is to promote experiential learning by providing an opportunity for students to implement the material they are learning in the classroom. It allows a variety of financial markets, including double auctions, clearinghouse markets, and dealer markets, and allows a variety of options determining market transparency and trading privileges. The software allows each participant to manage a firm (or part of a firm), choosing investment, financing and reporting policies, product lines, production and sales prices; the software will allow the firms to interact in a complex economy.