Electronic Trading Education And Training
I had the pleasure of speaking with Fran Thompson the new Director of Business Development for Greenline Financial Technologies here in Asia. The topic of electronic trading education and training came up. We both agreeded that the bulk of training tends to come from the software vendors in the interest of product promotion. I recall myself that I earned a GL Trade Product Certification which the firm that employed me actually paid for despite being one of GL’s largest clients in Asia. The certification would expire requiring another re-certification at another cost even though I was using GL Win/Broker, Selector, Export and a few other products the entire time.
Generally, however, education was trail by fire where their would be some overview provided by senior teammates but after that the onus was on me to become functional in an application or protocol. They never teach you everything. And of course with the ever changing landscape of electronic trading the revenue-focused management would always have another requirement that needed to be supported “yesterday”.
There are reams of other industry specific training available such as the Chartered Financial Analyst (CFA) accredited by the CFA Institute (formerly the Association of Investment Managers) earned by completing 3 years of study covering a large range of topics around Financial statement analysis with an emphasis on ethics. There are many other bodies offering intensive training as we both know. I myself have even had a few inquiries at the website from people seeking ways to earn some experience in electronic trading or looking to expand their existing skill set. My advice to them was to work for free.
A quick Google of “electronic trading training” reveals either training for those who want to trade an asset class electronically or vendor sponsored training. It seems there is a large deficit of electronic trading education and training.
What do you think? How has your electronic trading education been provided? What kind of training are you looking for? How would you like to expand on your electronic trading education?