Wharton Securities Exchange
Faculty Author: Marshall E. Blume
Students buy and sell securities in a real-time classroom session using the tools of a real-life trader
The Wharton Securities Exchange is a dynamic, real-time trading environment that gives students an authentic trading experience by simulating the products used by securities traders today.
Using a state of the art interface, WSX allows groups of students to trade a fixed set of simulated securities, using limit and market orders to determine the correct pricing of these securities. The application uses a multi-window interface that includes an order window, an order history window, an active bid/ask window, and a chart window with graphical market volume and pricing displays.
The application is designed for concurrent use by groups of students -- they can log in to WSX, then set bid and ask prices for securities. The market comes to life through the actions of the students as they experience the challenging and sometimes nerve-wracking d ynamics of trading and price discovery.