FTS Real Time System Project:? ?The final deliverable is a roughly 2 page (single-spaced) research report, including graphics,

FTS Real Time System Project: Trading Currencies In this case, you will trade currencies as an individual project. The goal of the exercise is to have some practical understanding of the mechanics of the spot foreign exchange market. This is also an exercise to encourage focused and well-organized writing on financial topics and to demonstrate your understanding of the determinants of foreign exchange rates as we will discuss them over the semester.

1. Initial Trade: Your trading account starts with slightly more than $1 million. You should start trading the day we discuss the case in class.

2. Weekly trading: you must trade on at least three different days each week, starting on the first week, though you may trade as much as you like. You can either buy or sell any foreign currencies. It is your responsibility to ensure your trades enter the system, and for the correct account, as you will be judged on your trading activity.

3. It does not matter if you make or lose money in the case. It is about learning the mechanics of how foreign exchange quotations work, which is valuable for foreign investments, international trade, FX hedging, etc.

4. Positions: you should always have a long or short position in a currency that is quoted $/currency, and another that is quoted currency/$. Trade significant amounts of your capital.

5. If you go to the POSITION tab on the web site, you will see your foreign currency positions in the “Position Value” column. Your aggregate account value (net of any trading) is on the top line as “Global Value”.

6. Final report: The final deliverable is a roughly 2 page (single-spaced) research report, including graphics, on any one currency tradeable on FTS – you also do not have to have traded the currency to write about it. Look online for the style of equity/bond/currency research reports. The report should explain, using the concepts we have discussed throughout the course (such as Balance of Payments, exchange rate regime, central bank activity, interest rate effects, investment climate, GDP growth, political considerations, etc.) why the currency is at the value it is now, and where you expect it to go in the future. This should be turned in through TURNITIN as one file. Please write it as if it is a professional research report, citing sources using any citation format you wish, but do not use quotes in the paper. Use only your own words. The case is due by 2pm on Sunday, March 6th. No extensions will be allowed because we will have another case assigned immediately after, so be sure to start the case well in advance so that you do not have any issues.

Navigating the FTS Platform

Alternative 1

You may download the FTS platform software as follows:

Install the software (PC, or MAC with Windows emulator):

http://www.ftsmodules.com/public/modules/ftssystemmanager/setupSystemManager.htm

Once you have opened the software, use the FTS Real Time Client 4.0.0.4 (New) version of the software.

Choose “Download again before running.” Choose “Forex Case” with your name and password below.

Alternative 2

You may alternatively use the online system, which has less functionality/reports, but you can trade and monitor your position. Select “FOREX CASE” for the Trading Case. You can access these pages via smartphone as well, so you can trade any time.

http://www.ftsrealtime.com/

USER NAMES AND PASSWORDS ON OTHER SIDE

User Password Last Name First Name

BT1 BT1 Alix Sarah

BT2 BT2 Alongi Matthew

BT3 BT3 Aronowitz Hannah

BT4 BT4 Ashiagbor Kweku

BT5 BT5 Bass Noah

BT6 BT6 Belliveau Michael

BT7 BT7 Benacerraf Mizrahi Salomon

BT8 BT8 Bhojwani Rahul

BT9 BT9 Bin Yuslane Muhammed

BT10 BT10 Blaettler Jack

BT11 BT11 Blake Owen

BT12 BT12 Bolton Evan

BT13 BT13 Bou Hernandez Robinson

BT14 BT14 Bradshaw Patrick

BT15 BT15 Brady Kyle

BT16 BT16 Caldwell Frank

BT17 BT17 Carney Jack

BT18 BT18 Carson Nicholas

BT19 BT19 Chang Oscar

BT20 BT20 Chi Wei-Ching

BT21 BT21 Chiasson Stephanie

BT22 BT22 Clark Alexander

BT23 BT23 Conaton Tommy

BT24 BT24 Cortes Camacho Jose

BT25 BT25 Coutracos Nicholas

BT26 BT26 Dawit Dagmawi

BT27 BT27 Derolus Nathanael

BT28 BT28 Dietrich Corbinian

BT29 BT29 Doris Nicholas

BT30 BT30 Elegbede Noah

BT31 BT31 Elien Jobed

BT32 BT32 Fantasia Daniel

BT33 BT33 Flaherty Jack

BT34 BT34 Flanders Jack

BT35 BT35 Gallagher Melissa

BT36 BT36 Gilbert Luis

BT37 BT37 Grande Jason

BT38 BT38 Granzier Andrew

BT39 BT39 Hall Michael

BT40 BT40 Halloran Franceska

BT41 BT41 Henderson Alan

BT42 BT42 Hesslink Katherine

BT43 BT43 Hubbard Drew

BT44 BT44 Hultin Julia

BT45 BT45 Irving Spencer

BT46 BT46 Jepsen Leo

BT47 BT47 Kalogeropoulos Alex

BT48 BT48 Kelley Harrison

BT49 BT49 Kelley Tara

BT50 BT50 Khan Osama

BT51 BT51 Kirk Ryan

BT52 BT52 Kuter Bryce

BT53 BT53 Labadini Bradley

BT54 BT54 Lande Bhumit

BT55 BT55 Landolfi Ryan

BT56 BT56 LaRosa Emily

BT57 BT57 Lebel Nicholas

BT58 BT58 Lebron Contreras Leandro

BT59 BT59 Lee Sean

BT60 BT60 Leiby Ryan

BT61 BT61 Li Dongxiao

BT62 BT62 Lin Jessica

BT63 BT63 Lorenzetti Massimo

BT64 BT64 Louis Tyler-Gary

BT65 BT65 Lupton Mackenzie

BT66 BT66 MacDonald Colin

BT67 BT67 Manning Jack

BT68 BT68 Marginsky Jeremy

BT69 BT69 Matuson Alex

BT70 BT70 McMahon Patrick

BT71 BT71 Mejiritski Rona

BT72 BT72 Mirandola Paolo

BT73 BT73 Mirmanova Evgeniya

BT74 BT74 Monaghan Meghan

BT75 BT75 Morganelli David

BT76 BT76 Motisi Michael

BT77 BT77 Nguyen Ann

BT78 BT78 O'Connor Hayleigh

BT79 BT79 Park Esther

BT80 BT80 Parsons Wyatt

BT81 BT81 Paton Chase

BT82 BT82 Pav George

BT83 BT83 Penumarthy Alekhya

BT84 BT84 Perez Subieta Camila

BT85 BT85 Pichardo Melissa

BT86 BT86 Pingelski Brendan

BT87 BT87 Pitera Dylan

BT88 BT88 Rashad Jusouf

BT89 BT89 Ross Austin

BT90 BT90 Sawtelle Ryan

BT91 BT91 Sawyer Scott

BT92 BT92 Severance Mathieu

BT93 BT93 Shah Hrishee

BT94 BT94 Sheehan Connor

BT95 BT95 Singer Emily

BT96 BT96 Singh Harshpreet

BT97 BT97 Singh Yash

BT98 BT98 Soifer Jordan

BT99 BT99 Sucena Gabriel

BT100 BT100 Swanson Max

BT101 BT101 Tabrizi Negar

BT102 BT102 Tafolla Oscar

BT103 BT103 Theilkuhl Menendez Stefan

BT104 BT104 Therrien Rick

BT105 BT105 Thibeault Luc

BT106 BT106 Thomas Jeremy

BT107 BT107 Thomasian Christaphor

BT108 BT108 Tivey Jacob

BT109 BT109 Toale Hunter

BT110 BT110 Travis Colton

BT111 BT111 Tse Crystal

BT112 BT112 Turkmani Tolin

BT113 BT113 Weisenbach David

BT114 BT114 Wong Matthew

BT115 BT115 Woznyk Jake

BT116 BT116 Wu Will

BT117 BT117 Xu Qiyuan

BT118 BT118 Zdimal Zachary

BT119 BT119 Zupkus Timothy