The ICMA Centre’s ICTrader, developed in partnership with¬†7city, is one of the most sophisticated trading simulations available in the market. With a wealth of trader performance statistics to back up the high intensity dealing, traders really feel as though they are actually on a trading desk. Covering a range of markets from spot foreign exchange to single stock multiple strike equity options, ICTrader allows you to truly immerse yourself in the world of dealing.
ICTrader is a dealership market where traders act as market makers both to other simulated sell-side market makers and to buy-side clients. The simulation is news driven and traders are required to manage the risk of their trading book using a variety of risk management tools ranging from basic to highly sophisticated. ICTrader also incorporates a peer to peer OTC trade settlement facility.
ICTrader currently covers trading in cash equities, spot foreign exchange and equity options. Under development are index futures, commodities and fixed income markets.
Powerful scenario writer
The ICTrader scenario writer can be used to create trading scenarios in almost any market or currency. It is a very user friendly yet extremely powerful and flexible tool and allows the user to tailor-make a multitude of global market situations. A recent example is a trading scenario created for the Qatar equity market involving simulated Qatari brokers and clients and using actual Qatari and GCC news flows.
The ICTrader dealing report incorporates a very rich set of statistics and measures which are used to evaluate trading performance. These include trading activity in both the market maker and client markets, dealing profit relative to the average market profit, ratio of winning trades to losing trades, a variety of limit breaks, the average size of trades and percentage of client orders filled. Each individual trader’s report can be seen by the administrator at any time during the trading session allowing for continuous trading analysis and feedback.