That’s according to city expert Dr Lawrence Galitz, who says that trainee and graduate recruitment among the big investment banks is at higher levels now than before the credit crunch took a bite out of the square mile and threatened its stability.
Galitz says now is the time to lay the proper groundwork with new recruits and send would-be traders on simulation training days before letting them loose on the job, giving them invaluable market experience without risking millions of pounds in losses.
Galitz, director and founder of ACF Consultants, says:
“Simulation models are the best way forward to make sure trainee traders in equities, derivatives and currencies all have the grounding to trade in the real world. It’s the best option for the top City institutions.
“Our training is effective because the instruction and simulation are carefully weaved together, we do not overload our students with huge chunks of theory and then expect them to be able to put this into practice.
“By layering the instruction with practical simulation the student progresses from firm foundations to advanced concepts in a seamless learning curve.”
ACF Consultants offer real-time financial simulation packages which combines cutting-edge technology with expert market knowledge.
Dr Galitz, says:
“The financial crisis of the last two years means it is now vital for institutions to provide the best possible training for their staff. Our unique Global Trader Ultra simulation puts complex theory into practice by mirroring the trading floor.
“With banks being scrutinized more than ever, ACF can create unique, custom simulations designed to recreate any business training need.”
