Lerner College Trading Center Hero Image

The Lerner College Trading Center gives students access to real-time, hands-on professional industry applications and tools. Students benefit from real-world experiences that provide them with a unique skill set. Students in finance, economics, HRIM, accounting, MIS and other classes use the center to put theory into practice.

The Center is a 2,200-square-foot facility designed to replicate the trading floors in investment banks, brokerage houses and hedge funds on Wall Street. We incorporate the same computer hardware, software, networks and market data feeds that are found in every financial institution throughout the world. The center contains 16 classroom workstations, 4 research room workstations, an instructor podium, real-time feeds to 2 tickers and 4 LCD displays.

When the trading center is not used for classes and workshops, it is available for students to complete research and assignments.

Data Feeds

The Center is equipped with 22 Dell desktops with dual monitors and Dell server hardware. The PCs are set up individually for student use or can be controlled by an instructor to coordinate in class exercises. Reuters and Bloomberg provide access to historical and real-time data on stocks, bonds, commodities, futures, currencies, real estate, options and other derivative products. These systems also provide a variety of analysis both fundamental and technical.

On the walls are 4 flat screen monitors and 2 tickers running along the ceiling. This equipment is being fed with real time data from RiseVision. The Center is also equipped with an audio video conferencing system so that we can connect with guest speakers located globally.

FactSet

FactSet is a flexible, all-in-one system designed to work efficiently and effectively. With FactSet, we can create personalized workspaces designed for Investment Managers, Hedge Funds, Investment Bankers, Quantitative Research, and more. Access to FactSet includes these features: Market Analytics, Financial Content and Data Sets, Microsoft Office Integration of Market Data, Financial Screening and Customized Analytics and Data.

Bloomberg

The BLOOMBERG PROFESSIONAL® service integrates real-time and historical information on approximately 5 million bonds, equities, commodities, currencies and funds. Its electronic library also comprises data on almost every publicly traded company and biographies of more than 1 million people. Bloomberg provides on-demand multimedia content, extensive electronic-trading capabilities, and a superior communications platform. The BLOOMBERG PROFESSIONAL community comprises approximately 250,000 subscribers from the world’s central banks, investment institutions, commercial banks, government offices and agencies, law firms, corporations and news organizations in over 150 countries. Virtually every leading bank, brokerage, insurance company, financial regulator and corporation is a subscriber.

TraderEx

TraderEx is an interactive computer simulation designed to provide participants with hands-on experience in making tactical trading decisions, and implementing them in different market environments. Continuous order driven and quote driven markets are simulated, along with call auctions and hybrid combinations. The simulation exercises are an invaluable tool for deepening understanding of how the structure of trading influences actual trading behavior. Students enter orders into a computer-driven market that generates its own order flow, and can respond directly to your orders. Students see their results in real-time and can analyze them after each simulation run.

SAS

SAS is an integrated system of software products that enables the programmer to perform statistical analysis, data warehousing, data entry, retrieval, management and mining.

MATLAB

MATLAB is used in technical computing. Its functionality allows for a vast collection of computational algorithms ranging from basic function like sum,sine,cosine and complex arithmetic to more sophisticated functions like matrix inverse, matrix eigenvalues, Bessel functions and Fast Fourier Transforms.

WRDS

Wharton Research Data Services (WRDS) is a comprehensive economic and financial data management system intended solely for research purposes. The data, licensed from various sources, cover a wide range of databases across multiple disciplines such as Finance, Marketing , Management, Accounting, Economics, Banking and Insurance.

@Risk

@Risk performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your Microsoft Excel spreadsheet – and tells you how likely they are to occur. This means you can judge which risks to take and which ones to avoid, allowing for the best decision making under uncertainty. With @Risk, you can answer questions like, “What is the probability of profits exceeding $10 million?” or “What are the chances of losing money on this venture?”

EViews

EViews offers students access to powerful statistical, forecasting and modeling tools through an innovative, easy-to-use object-oriented interface.

Workshops and Training

Students can attend the following not-for-credit workshops. No fee or registration is required.

Workshops

Introduction To FactSet

This one-hour workshop teaches you the basics of navigating through FactSet. An overview of the capabilities of the software will be provided.

Introduction to Bloomberg and Equity Analysis

This one-hour workshop teaches you the basics of navigating through Bloomberg. An overview of the capabilities of the software will be provided. No prior experience is needed.

Bloomberg Essentials Training Program

The Bloomberg Training Program, formerly known as the “Bloomberg Certification” can be completed through self-study. The training will familiarize you with basic Bloomberg functionality and Equity Market fundamentals as well as Fixed Income, Currency and Commodity Essentials. Your understanding will be measured through 5 exams that are administered through the Bloomberg Terminal. A score of 75% on each exam must be earned to receive the Acknowledgement of Completion of Equity Training.

Hours

Fall and Spring Semester Hours

  • Monday – Thursday: 9 a.m. – 10 p.m.
  • Friday: 9 a.m. – 5 p.m.
  • Sunday: 12 p.m. – 8 p.m.

Winter/Summer Semester Hours

  • Monday – Friday: 9 a.m. – 5 p.m.

Faculty/staff: Check our calendar on myLerner (requires login) for Trading Center availability.

LCTC Staff

Lerner College Trading Center analysts are responsible for general oversight, security, maintenance, technical support, and representation of the lab. The LCTC analysts can help you with questions regarding Bloomberg, FactSet, Microsoft Office, TraderEx, and other general IT and Finance-related questions.


Joshua Carruthers, 2017
B.S. in Finance and Economics

Shlok (SJ) Desai, 2018
B.S. in Finance

Joe Schwab, 2019
B.S. in Finance and Accounting

Fan Yang, Graduate Student
Master’s in Accounting

Frank Haendel, 2017
B.S. in Economics and Int. Business

Jack Benotti, 2018
Honors B.S. in Finance

Ryan O’Donnell, 2019
Honors B.S. in Finance and Accounting

Blue Hen Investment Club

The Blue Hen Investment Club is the University of Delaware’s student-managed investment fund with $1.8 million assets under management. It is open to students of all majors that are willing to commit to managing a portion of the university’s endowment. Over the years, the fund has created leaders who have found careers with institutions such as Morgan Stanley, JPMorgan Chase, Bank of America Merrill Lynch, UBS, PwC, EY, KPMG, and McKinsey & Company. Learn More