IFIM Business School inaugurates the Prabhudas Lilladher Finance lab

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IFIM announced the setting up of a first of its kind Finance Lab at its campus. The Finance Lab would serve as a host of practical knowledge and real world examples to complement the ‘in class’ theoretical learning experience helping the students gain a wider acceptance in the professional world.
 
Sponsored by Prabhudas Lilladher, one of India’s premier broking houses, the ‘Prabhudas Lilladher Finance Lab’ was inaugurated by Mr. Dhiren Sheth, Vice Chairman and Joint Managing Director, PL Group. 
 
Speaking at the occasion, Mr. Sheth, said, “It has been a constant endeavor of our PL Group to spread financial literacy amongst the student community. Our current initiative, the Prabhudas Lilladher Finance Lab at the IFIM campus will help students to apply their theoretical knowledge in live trading and gain significant experience. It is our privilege to work with IFIM in furthering this cause and we believe this association will create a vibrant and collaborative learning facility for IFIM.
 
In this light, we are taking significant and concrete steps. Very recently our Group undertook a unique program called the PL Student Equity Program (PL SEP). It was a two month rigorous workshop designed to expose students to the functioning of capital Markets.”
 
The lab is designed to replicate a real life trading room. A Ticker tape which displays the near live rates from the Bombay Stock Exchange is also installed next to the lab and brings to life live markets into the corridors of an academic institution, another first in this country.
 
The lab aims to provide the students with their first experience in live trading in a controlled academic environment of IFIM Business School The courseware designed around the lab enables the student to learn the nuances of account opening, know our customer, dematerialization equity trading , settlement, futures and option trading, institutional trading and more.
 
This lab contains 15 workstations for students, each of which is fully equipped with a plethora of software for live and simulated trading, technical analysis, fundamental analysis, predictive charting software package, portfolio management and information services subscriptions for providing students access to live information on the markets. 
 
The 40-inch LCD displays in the lab would feature current financial market information, headlines, lab hours and other announcements. The lab will be further equipped with algorithmic trading platforms to enable the students to learn develop algorithms for automated trading.
 
Commenting on the inauguration, Mr. Sanjay Padode, Secretary - Centre for Developmental Education, IFIM, said, “Markets have been the driving forces for creating wealth in the last century. They will continue to drive economies in the future and it is important for MBA students to learn using the tools that give a scientific insight into the dynamics of the markets. 
 
The Prabhudas Lilladher Finance Lab will give our students their first taste of live trading action and also help them feel the impact of market dynamics in a controlled academic environment”.
 
The students will be exposed and trained in the following areas:
 
• Live and Simulated Trading in Equities, Futures and Options ranging across Equity, Currency and Commodity asset classes
• Application of Technical Analysis in live situations
• Building and executing trading strategies
• Analyzing live information
• Settlement and Clearing cycles across Equity, Commodity and Currency asset classes
• Institutional Trading through Direct Market Access (DMA)
• Algorithmic Trading
 
For more details visit : www.ifimbschool.com
 
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