Simulations That Shape Judgment: Trading Floors and Market Microstructure
Students watch the order book breathe—bids stack, spreads narrow, and hidden liquidity appears. By placing and canceling orders inside this living context, they understand how execution choices ripple through price impact and realized versus expected outcomes.
Simulations That Shape Judgment: Trading Floors and Market Microstructure
During a replay, one cohort paused time, inspected fragmented liquidity, and coordinated market-making roles to stabilize prices. Their debrief emphasized guardrails, circuit breakers, and communication, turning a headline event into a structured learning experience they could revisit.