IB Student Trading Lab

 

 

Interactive Brokers Group, a worldwide leader in market-making and broker-dealer services, invites college professors, high school teachers and their students to participate in The IB Student Trading Lab.

The IB Student Trading Lab is a partnership between IB and an instructor. The program enables professors and teachers to use IB’s TWS PaperTrader, a simulation of our online professional trading platform, in their classroom.

We believe that through this partnership, students will gain an in-depth understanding of developing and applying trading strategies, improve their risk-management skills, and obtain hands-on experience in trading and hedging.

Interactive Brokers is sponsoring this program to highlight the growing need for students in the fields of financial engineering/computational finance/financial mathematics.

 

The TWS PaperTrader account allows student traders to use the full range of IB trading facilities in a simulated environment using real market conditions. They can trade forex, US stocks, options, futures, futures options and bonds. While working within the test environment, students can:

• Use powerful TWS features such as order types and algos - without risk.
• Learn market dynamics covering exchanges and new products.
• Simulate and test their own trading strategies.
• Test applications through the TWS Application Program Interface (APIs).
• Utilize various statements and reports to manage and evaluate their account portfolio.

Students can also trade in their PaperTrading account from their iPhones with IB's state-of-the-art iTWS application. The iTWS app supports order entry and management, and account balance monitoring.

All students will start with USD 1,000,000 of paper trading Equity with Loan Value, and this equity will reflect their trading activity as if the trades had executed in the real market.

Cash equity can be reset at any time through the student's Account Management.

This program is open to all college and high school professors within and outside the US, but requires the sponsoring instructor to apply for the student accounts and supervise the project within the guidelines of the lab. For details, please see the Application Process section below.

 

Application Process

• The registration form must be completed by a college or high school instructor, who has agreed to supervise this project and include it in her/his class curriculum. Once the instructor has registered, PaperTrader accounts will available for a period of up to 2 semesters.
• Teachers should provide student names and email addresses of those required to participate. We will email registration invitations to students, and they will receive their username and password within a day of successfully completing the registration process.

If you have further questions, you may email us at ibstudenttradinglab@interactivebrokers.com.