Post-game Trading Report

6 Post-game Trading Report
You are required to complete a trading report on two of the twelve games held in Weeks 6, 8 and
9. To provide an insightful analysis, you should select the two games where you participated in
different roles and preferably these two are of different game settings. The report is due by 9AM,
4 October 2020 (Monday, Week 10). Your report should include two parts.
In the first part of the report, you should reflect on the objectives of two trading games you chose,
and describe your observations of the market. In particular, your report should include:

A discussion on what you would expect to observe in the trading behaviour between the
different traders and the behaviour of the trade price series; and

An analysis on market quality measures (i.e., bid-ask spread, volume and possibly depth)
and a comment on price efficiency (i.e., deviation from the true value). The “time and
sales” data and “transaction log” data for each session will be available on LMS after the
trading games. These files are labelled according to the session. The data will be useful for
your analysis of the trade price series.

In the second part of the report, you should assess your trading strategies as both informed and
liquidity traders. You should discuss clearly your profits (as an informed trader) or trading costs
(as a liquidity trader) for the roles that you have played in each of these two games. Additionally,
discuss whether you would retain or make changes to your strategies if you were given the
opportunity to play the game again.
The trading report is worth 15% of your final mark. Marks will be awarded for reports that are
insightful and that uses the available data to provide an in-depth analysis on the trading sessions.
Please see the grading rubric attached on next page. The reports should be no longer than four
pages. The report must be word processed using 12 pt Times New Roman font and 1.5 line
spacing. Figures and tables may be included as appendices and should not be longer than two
pages (i.e., the entire report should not be longer than six pages). Marks will be deducted for not
following the format stipulated.
BONUS MARKS

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