A one-of-its-kind cross asset trading room has been set up by Karjat-based Universal Business School (UBS) within the campus with access to the world stock exchanges for all its students doing MBA in finance.
A one-of-its-kind cross asset trading room has been set up by Karjat-based Universal Business School (UBS) within the campus with access to the world stock exchanges for all its students doing MBA in finance.
Located in Karjat in Raigad district, Maharashtra, UBS was launched last year in September and is offering Thomson Reuters trading centre to its students. Co-founder of UBS and ex-managing director of Thomson Reuters, South Asia, Tarun Anand, said that the trading centre is one and only facility available in Asia and India. “Our aim is to give our students a real trading experience. Except for money, rest everything is as it is in real-time. We have collaborated with Thomson Reuters to provide the software.”
The cross asset trading room with 30 positions for training has all the global markets available live on the screen in real-time. It is no mock or simulated drill. Each student is given $5 million, which is not real but virtual money, and they are made to trade on the Thomson Reuters real time trading system.
Students are given three months period to buy and sell stocks online. At the end of three months, students are evaluated as to whether they have been able to multiply the $5 million or incur loss.
On how the trading centre will help students, Anand said, “The finance students will start learning in real-time which will help them to judge if they are good or not at trading stocks. Only when they live and breathe the market, it will increase their curiosity and help them become better in their field. Good finance managers who want to be recognised worldwide need to be dynamic.”
Brainchild of three global professionals, Gurudip Anand (principal founder, chairman and MD, UBS), Tarun Anand and Babulal Verma (co-founder, UBS), the institute comprises highly qualified and experienced professionals as faculty members, consisting of 50 CEOs from the corporate landscape all across the world.
UBS incubation centre
UBS recently announced the launch of an incubation eco-system for fostering team-based entrepreneurship and venture hub with Silicon Valley for $1 million. The UBS Incubation Centre (UBSIC) will help to attract ideas from universities and colleges all over India and foster team-based entrepreneurship. The 50 leading CEOs who constitute the UBS board of governors will select the ideas which need germination.
UBS professors will provide mentorship and establish a path for developing business plans. Funding will be provided by the UBSIC to the tune of $1 million over the next 5 years. These funds will be further enhanced by Silicon Valley donors and angel
investors.
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