The Finnacle Investments Team kicked off the new season with its traditional market simulation event, ‘Open Outcry’, on the 26th and 27th July’2011. The event was organized with much enthusiasm and saw a large participation by the students.
The event was designed in two stages- the eliminator christened as ‘Catch the Culprit’, followed by the main game ‘Open Outcry’.
‘Catch the Culprit’ was designed to extensively challenge the participants’ resource allocation and swift decision making abilities. The main event consisted of a market simulation scenario, wherein the participants were given a virtual portfolio, and had to trade amongst each other based on the news flash provided to them during the game. The game was conducted in two trading rounds. An IPO was introduced towards the end of round 1 to add to the excitement of the game.
The script prices were calculated at the end of each round and to present a more holistic view of the markets, the script price was a composite of the ‘theory’ price and the average traded price.
Eventually, teams were evaluated based on the value of their final portfolios. The team of Finnacle Investments was humbled by the response of the students and the appreciation received from the participants and will continuously strive towards stimulating interest in the financial markets through more interactive events.
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