Lahore University of Management Sciences creates a mock stock trading floor
The Lahore University of Management Sciences (LUMS) is Pakistan’s leading academic institution and is one of the most recognized universities of South Asia. An Institution which strives on research and academic excellence offer various degree programs in the domains of Business, Engineering, Law, Humanities and Social Sciences.
Using Interactive displays and visual aids in education has now become a fundamental part of student learning. As part of LUMS advancements in the domain of holistic student experience and strong education learning, the institution required a unique turnkey solution to create a mock stock trading floor for final year students studying economics.
To create a mock stock trading floor for students in business/finance and economics, the idea was to give them an understanding of financial markets from very hands on applied viewpoint. The trading floor will serve the purpose to apply real world financial markets using an online real time trading room allowing the student to trade in Stocks, Bonds, Options and Futures and short or long sell derivatives.
Wavetec being a global leader in providing complete turnkey LED Display Solutions for stock exchanges installed and integrated LED display tickers at the main entrance of the building and also inside Economics Lab which measured to be 32 feet and 59 feet respectively. Softech, local partners of Wavetec integrated these tickers with Lahore and Karachi Stock Exchange disseminating real-time information to students enabling them to learn how stock market operates.
On successful completion of this project, Sheikh Faisal, Country Head Wavetec said, “We are pleased to partner with LUMS on this project as this is the first step in making learning more engaging and informed.”
Recently Wavetec also partnered with Dubai Financial Markets (DFM) and American University of Dubai (AUD) in creating a mock stock trading floor at the School of Business Administration at AUD which includes large LED screens and tickers which are directly linked to DFM’s trading engine to display trading activity and real time market data.
Faisal further added, “Wavetec in past have also provided turnkey LED display solutions to Karachi and Islamabad Stock Exchange. This initiative taken by LUMS will mark the begging in Pakistan of how technology in classrooms can help educators present, and helps students get involved.”
Globally, Wavetec is the leading company in the domain of Information LED Display Solutions. With years of experience, Wavetec has also developed a virtual stock market simulation game. The Stock Game is a virtual stock market simulation which is linked to a live stock exchange feed where a user can trade real stocks using virtual money the same way one would trade real stocks using actual money with a genuine online brokerage account.
Wavetec being a global player in the sphere of Information Display Solutions and Queue Management Systems. Wavetec was incorporated in 1986 and is headquartered in Dubai Silicon Oasis, UAE. Since then it has expanded all over the globe with regional offices present in Barcelona, Dubai, Karachi, Lima, London, Nairobi, Riyadh and Santiago.