Applied Finance Lab Update
• A Simulated “Wall Street” Trading Environment
•
for Experiential Learning.
State-of-the art facilities and resources for both
students and faculty:
– WRDS Centralized data management system
– Real-time and Historical Data services including
Reuterstation, Compustat, CRSP, Bloomberg, SDC
Platinum, etc.
– Student center for interaction and group projects
– Classroom for presentation of teaching modules
– http://www.cf.villanova.edu/iraft
Current Developments
• Lab to go live in January 2005.
• Lab can be used by faculty as a resource for:
– Teaching classes (on any relevant subject),
– Assigning class / term projects that relies on financial, accounting, &
economic data,
– Conducting empirical research that relies on the above data.
• First Classes to be offered in the Lab during Spring 2005:
– Market Structure, Trading, and Liquidity
– Student Managed Fund
• WRDS is live now and accessible via the Internet.
AFL’s Databases
•
•
Real-time Financial Data:
–
16 Reuters Reuterstations
–
1 Bloomberg Terminal.
•
Accounting Data:
–
ExecuComp, Segments, Bank, Historical
Back Data).**
Historical Financial Data:
–
–
CRSP stock return data (1926-present). Also
contains CRSP / Compustat Merged database
•
(CCM).**
–
S&P Compustat (North America, Global,
S&P Research Insight (via Citrix).
Economic Data:
–
Global Insight (formerly DRI): Basic U.S.
Macroeconomic data.**
IRRC Corporate Governance and Directors
data.**
–
International Macroeconomic data.**
–
NYSE TAQ (trade and quote) data.**
–
IMF’s International Financial Statistics.**
–
IdealWorks Corporate Governance Ratings.
–
FIS Bank Holding Company data.
–
SDC Platinum corporate finance data.
** = Database is available via WRDS.
•
Trading Simulation:
–
TraderEx software.
AFL Timeline
Date
Activity
Now
Access to WRDS.
Jan. 18
Lab goes live.
Jan. 25 – 26
(3 – 4 pm either day)
Faculty Training:
contact James Jablonski
to sign up.
Formal Grand Opening
March
WRDS Access
• Available via:
– AFL’s workstations
– Falvey Library PCs
– Faculty accounts (each w/ 750MB storage).
• Faculty can establish personal accounts by
going to the following web site and using the
“Account Request” link:
http://wrds.wharton.upenn.edu