“Buy, Sell, Buy, Sell, Sell!” These were the cries of local high school students participating in a mock trading session run by the College of Business Finance Club. In a Champaign Centennial High School classroom in April, Anirudha “AJ” Jalan, a junior in finance, was explaining to the students about the importance of buying low and selling high.
“It’s your goal to maximize your clients’ wealth, meaning buy low and sell high for them!” said Jalan. “In general the better you do this, the happier your clients will be and the more business you’ll receive. Just make sure you don’t offer to buy at a price higher than someone is already willing to sell.”
Jalan, along with Finance Club members Scott Schultz, Ankana Sheth, Elyssa Fromm, Andrew Lee, Diane Driscoll, Anthony De Leon, Samip Pandya, and Gail Bernstein, work as a team to orchestrate the mock trading session and to ensure that everyone plays their respective roles.
The high school students are the broker/dealers on the floor of the “Urbana-Champaign Stock Exchange.” The Finance Club students act as the runners (who dole out the client orders); the clerks (who chalk up the bids); the specialist (who maintains fair and orderly markets), and the assistants (who help students add up commissions and profits). The exercise allows the high school students to experience the two-sided auction system on which U.S. financial markets are based.
Judy Roegge, who teaches a financial management class at the high school, welcomes the fun