1. Applied Finance Lab Update A Simulated “Wall Street” Trading Environment for Experiential Learning. A Simulated “Wall Street” Trading Environment for Experiential Learning. State-of-the art facilities and resources for both students and faculty: State-of-the art facilities and resources for both students and faculty: –WRDS Centralized data management system –Real-time and Historical Data services including Reuterstation, Compustat, CRSP, Bloomberg, SDC Platinum, etc. –Student center for interaction and group projects –Classroom for presentation of teaching modules –http://www.cf.villanova.edu/iraft http://www.cf.villanova.edu/iraft

3. Current Developments Lab to go live in January 2005. Lab to go live in January 2005. Lab can be used by faculty as a resource for: Lab can be used by faculty as a resource for: –Teaching classes (on any relevant subject), –Assigning class / term projects that relies on financial, accounting, & economic data, –Conducting empirical research that relies on the above data. First Classes to be offered in the Lab during Spring 2005: First Classes to be offered in the Lab during Spring 2005: –Market Structure, Trading, and Liquidity –Student Managed Fund WRDS is live now and accessible via the Internet. WRDS is live now and accessible via the Internet.

4. AFL’s Databases Real-time Financial Data: Real-time Financial Data: –16 Reuters Reuterstations –1 Bloomberg Terminal. Historical Financial Data: Historical Financial Data: –CRSP stock return data (1926-present). Also contains CRSP / Compustat Merged database (CCM).** –IRRC Corporate Governance and Directors data.** –NYSE TAQ (trade and quote) data.** –IdealWorks Corporate Governance Ratings. –FIS Bank Holding Company data. –SDC Platinum corporate finance data. ** = Database is available via WRDS. Accounting Data: Accounting Data: –S&P Compustat (North America, Global, ExecuComp, Segments, Bank, Historical Back Data).** –S&P Research Insight (via Citrix). Economic Data: Economic Data: –Global Insight (formerly DRI): Basic U.S. Macroeconomic data.** –International Macroeconomic data.** –IMF’s International Financial Statistics.** Trading Simulation: Trading Simulation: –TraderEx software.

5. AFL Timeline DateActivity Now Access to WRDS. Jan. 18 Lab goes live. Jan. 25 – 26 (3 – 4 pm either day) Faculty Training: contact James Jablonski to sign up. March Formal Grand Opening

6. WRDS Access Available via: Available via: –AFL’s workstations –Falvey Library PCs –Faculty accounts (each w/ 750MB storage). Faculty can establish personal accounts by going to the following web site and using the “Account Request” link: Faculty can establish personal accounts by going to the following web site and using the “Account Request” link:http://wrds.wharton.upenn.edu