Why Teach Trading?
Traders implement the investment decisions made by portfolio managers
Trading is a different career path from portfolio management.
Traders concentrate on different data than the portfolio managers,
and a different skill set and experience would be necessary to succeed as a trader
Poor trading can erode good investment decisions.
Few students graduate with an understanding of the difficulties of handling big orders in an illiquid market,
nor do they know how market structure affects trading behavior
Academic literature shows how a successful trading desk can
significantly impact the overall performance of a portfolio (e.g. Anand et al (2012))
But trading education is not part of the typical curriculum in Business Schools Trading is best taught by experiential learning .