Krea University inaugurated its virtual trading floor on February 2. The virtual trading floor seeks to provide the students of the IFMR Graduate School of Business (IFMR GSB) and the School of Interwoven Arts and Sciences (SIAS) at Krea University with an opportunity to apply their theoretical knowledge of financial securities and derivatives in a real-world, simulated trading environment. The university also signed a Memorandum of Understanding (MOU) with Zerodha Broking Ltd.
Jobosco Das, Senior Associate Vice President at Zerodha Broking, inaugurated the Virtual Trading Floor, and also conducted a seminar on the ‘Building Blocks of Personal Finance’ for the students.
The virtual platform, a university statement said, will simulate a real-time market environment, allowing students to test investment strategies with virtual funds, gaining valuable insights into risk management and decision-making in a dynamic market.
The Krea University virtual trading floor is equipped with the latest technology and market simulation software, including EuroJournal Terminal. It will serve as a platform for students to engage in mock trading sessions, portfolio management exercises, and real-time market analysis, the university added.
IFMR GSB has scheduled several trading workshops for its MBA students in this facility, significantly enhancing their employability and market readiness.
The agreement between Krea University and Zerodha Varsity signifies a significant collaboration between academia and industry, the statement said adding that the partnership will enable Krea University students to have free access to all online training modules and, at a nominal fee, certifications offered by Zerodha Varsity.
This, the university said, includes courses on various aspects of investing, trading, and financial markets, all delivered by industry experts and practitioners. The partnership aims to integrate practical experience with academic learning, bridging the gap between theoretical financial knowledge and its practical application, and preparing students for successful careers in the world of finance.
Emphasising the importance of practical learning in finance, Professor Lakshmi Kumar, Dean of IFMR GSB, Krea University, stated, “The Virtual Trading Floor will provide our students with an invaluable opportunity to experiment and learn from their mistakes in a safe environment. Coupled with access to Zerodha Varsity’s comprehensive online training material and certifications, this initiative will equip them with the skills needed to thrive in the competitive financial landscape.”