IIT Stuart School of Business provides students with multiple research and strategy development and automation labs. Three of these labs, including the Financial Research Lab, are located in Stuart's downtown campus, in the heart of Chicago's financial district.
Financial Research Lab
Technologies in these labs that enable strategy development and implementation include:
- Bloomberg
- Interactive Brokers Trader Workstation
- IB API
- Trading Technologies CampusConnect
- MS Visual Studio/C#/C++
- SAS
- Matlab
- R
- Python
- Excel
Data
The CSF has a database of every limit order book event for the S&P 500 stocks from the NASDAQ. This data, along with a market data adapter (developed by CSF researchers), comprises the CSF's framework for backtesting algorithmic trading strategies. Connection to Interactive Brokers' API enables real-time paper trading of strategies for further evaluation.