Trade Mogul
INTRODUCTION
1.1 ABOUT TRADE MOGUL
Trade Mogul is a unique and exciting online trading simulation and competition built by GHF Group. The game is designed for you and other students at top-tier universities to experience trading using real-time prices from international futures markets in oil, gold, foreign exchange and equities. This challenging and engaging game allows you to:
o Taste the thrill and challenge of trading in huge, fast-moving international futures markets
o Test your analytical skills and risk aptitude for trading – and to open doors to an exhilarating and lucrative career in financial services.
o Compete for prizes based on who trades best to maximize their Profit & Loss account during the month of the competition
o The top 50 scorers will be invited to interview with GHF Group
o Weekly prizes
o Overall grand prizes
1.2 SPONSORS
Trade Mogul is sponsored by GHF Group, an internationally recognized powerhouse of analytical trading that has built a leading reputation in international financial markets. GHF Group has a history of attracting gifted graduates from top universities and institutes to a career where they can leverage their analytical abilities through direct participation in world markets. In India, it is brought to you by Futures First, which operates in India as a part of the GHF Group’s international business.
The CME Group, collectively the world’s largest derivatives exchanges, provides live price feeds for four different product markets to enable you to test your skills with live data and compete with other students.
1.3 COMPETITION
Participants must register themselves for the competition which begins on September 6th and lasts for four weeks. The competition is open to all students from all universities in India, irrespective of academic focus. Students who major in finance don’t necessarily hold an advantage because market information and analytical reports are provided on the website, and because trading success in
Trade Mogul 2011
GHF Group | Trade Mogul User Guide 4
Trade Mogul reflects the acuteness of pure numerate and analytical skills more than knowledge of international markets. Experience shows that successful competitors come from across all academic disciplines, especially those that require strong numerate and analytical skills, and that students find the game so engaging that they turn to the vast expanse of internet sources of information about the markets and basic trading strategies.
In addition to enjoying this test of your abilities against the market and other students, you will learn about international markets and about your own interests and abilities. In terms of the competition, participants are ranked on the basis of their profit and loss (P&L) accounts, provided that they achieve the minimum volume level of trades. Students who succeed in the competition win prizes totalling and can win interviews for a career with Futures First.
TRADE PAGE
The Trade page has multiple components to provide the user a virtual feel of a trading desk. It has a price ladder for each of the instruments with embedded controls to view the order entry window and pull orders, an order book, a fill book, and a portfolio and message book.
2.2.1 INSTRUMENT PRICE LADDER
The price ladder displays real-time depth of market price data for the instrument. On the left hand side it displays the open, high and low prices achieved from start of day. Beneath it is the last price, last quantity and total quantity traded in the market.
Open
The opening price for the instrument; i.e. the first price traded at the start of the day
High
Maximum price traded during the day
Low
The lowest price traded during the day
LTP
The Last Traded Price in the market for the instrument
LTQ
The Last Traded Quantity in the market
TTQ
Total Traded Quantity in the market during the day
Blue “X” button
To pull all buy-working orders for the instrument
Black “X” button
To withdraw all working orders
Red “X” button
To pull all sell working orders for this instrument
2.2.2 TIME AND SALES WINDOW
This window displays all the trades in the market subject to a maximum of the last 1000 entries. You can select an instrument for which you want to see the trades.