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IETT launches first of its kind Global Trading Technologies Course
Institute of Electronic Trading Technologies is the first domain specific initiative to develop global talent pool in cutting edge technologies for the financial industry.
“A career in global markets involves playing with such complex and innovative technologies as grid computing, algorithmic trading or high speed-low latency transaction management. Lucrative long-term career goals may include working as head of IT for an investment bank, CIO of a commodities company or technological experts at a large algorithmic trading company.”
Financial firms globally are fine tuning their technology edge every day in universities and research centers to edge out low technology centric models still prevalent in other parts of the world. Identifying shortage of professionals who understand trading technologies, Institute of Electronic Trading Technology was set up in May of 2011 and has been working with top technology brains on Wall Street in USA to develop structured courses that can help develop talent to design, build, and manage complex global trading technology solutions. “Our mission is to fill the gap between the rigorous but theoretical university courses and practical but non-rigorous courses offered by other institutes”, said Srinivasan Ramanan, Faculty Director of IETT. While multiple business schools offer a number of programs in investment banking, there is a complete lack of any program preparing engineering or investment banking professionals to learn the complexities of developing electronic trading technologies. “Since there are no specific niche training solutions preparing graduates to take on development of trading platforms, algorithmic trading solutions, high frequency trading, etc., the companies end up running their in-house training programs at steep costs and lasting months to bring fresh hires to productive levels. Technology plays a key role in today’s competitive landscape of trading and clients end up losing months on development schedules putting up their traders with outdated or obsolete solutions”, said Dalip Kumar, Managing Director of FCS Software Solutions.