NDSU Commodity Trading Room Adds "Real Trading" at NCI Grain Procurement Courses
The Commodity Trading Room is a high-technology room with live information feeds for financial information including equities and credit, plus commodity market information such as agriculture, energy and biofuels. .... See it on YouTube ....
Knowing how to effectively access and use market information can make or break a commodity sale. To help both university students and professionals understand the dynamics and tools available to them, the Agribusiness and Applied Economics Department at North Dakota State University (NDSU), Fargo, N.D., has added a dedicated electronic Commodity Trading Room (CTR) to their program that serves both university students and the milling, oilseed crushing and bio-fuels energy sectors.
In this new commodity trading and financial laboratory, students learn how to extract and analyze information, and then make decisions with respect to risk and risk management.
Northern Crops Institute (NCI) was among the first groups to use the laboratory when it offered its soybean procurement course in October 2012 in Fargo, N.D.
The CTR is a high-technology room with live information feeds for financial information including equities and credit, plus commodity market information such as agriculture, energy and biofuels. The room has 32 seats, each with a PC station and dual monitors. Students have electronic access to information through Bloomberg, DTN and X-Trader simulation software from Trading Technologies, a state of the art tool for executing electronic trades.