代写FINA5524 Trading Simulation调试SPSS

FINA5524 Trading Simulation

1.1 Part II – Final Submission (20% of overall mark)

This submission provides you with an opportunity to reflect on your expectations of the simulation versus the lived reality and your own trading performance.

You should reflect on the objectives of two to four of the trading simulations held during weeks 7 and 8 and describe your observations on the market. To provide an insightful analysis, you should select sessions where you participated in different roles (i.e. informed vs. uninformed trader). It is usually better to provide detailed and insight analysis on fewer simulations.

This section should include:

1. Discussion as to how the observed market characteristics of each session differed from the expectations set out in your interim submission;

2. Analysis of market quality measures and discussion on price efficiency;

3. Evaluation of your adopted trading strategies. If your actual trading strategy differed from that suggested in the interim submission then explain why. In this part of the report you should discuss your profits (as an informed trader) and trading costs (as a liquidity trader). Your analysis of trading costs should incorporate a minimum of three methods discussed in class. You should provide calculations (in appendix if necessary);

4. Reflect on whether you would retain or make changes to the strategies if you were given the opportunity to replay the simulation.

The “time and sales” data and “transaction log” data for each session will be available on LMS after the trading games (the “news” data will not be provided). These files are labelled according to the group times and session. The data will be useful for your analysis. You will need to record the required information at the end of each session so that you can calculate your profits or trading costs.

This submission should focus on reflection. Reflect on a) what happened during the simulation sessions and how this differed from theory, and b) your trading performance. Should contain statements such as:

· When ….. changed, I expected…… This did / didn’t happen during the simulation because…..

· If I encountered this again, then I would…..

· Measure performance using metrics discussed in class.

2 Report Submission Instructions

The report must be word processed using 12pt Times New Roman font and 1.5 line spacing.

The final report should be no more than 4 pages (about 2,000 words) with allowance for an additional three pages of figures and tables as appendices (i.e., the entire final report should not be longer than seven pages). Note that this is a limit, and you should feel free to use less than this.

Only the first seven pages of any submission will be considered – anything in addition to this will be ignored so please do not waste your time and effort. Do not include a cover page or a table of contents.

Marks will be deducted for not following the format stipulated.

Marks will be awarded for reports that are insightful and that use the available data to provide an in-depth analysis on the trading sessions. Please see the grading rubric attached.