Assessment 1: Market view and trading session
Type: Report and summary
Weighting
Length
1000 words (+10% or -10% allowed) for the market view report
500 words (+10% or -10% allowed) for the summary of trading.
Due date
There will be a 2-hour trading session run during the class in Week 6. After the trading session, students are required to submit their transaction log spreadsheet within 30 minutes. They also need to submit a market view report and a summary of trading which are due within 5 days after the trading session. When they submit their market view report and summary of trading, they are required to submit their transaction log spreadsheet again together with these two files.
Overview
Students will have access to Refinitiv Workspace. They will use its apps to track live market data and conduct portfolio analysis. They will form their market view and do simulated trading accordingly.
The purpose of this assessment is to apply your knowledge learned in the class to participate in a simulated trading scenario with real life data from Refinitiv Workspace, which is a real-life financial and economic data platform that updates in real time. Students utilise this authentic data to create their market view and initiate their trades.
Assessment Criteria
This assessment will measure your ability to:
Research and gather relevant market and economic information to form their market view (15 marks)
Execute trades based on their market view and real-life market data. Then, summarise these trades (15 marks)
Learning Outcomes
The targeted Course Learning Outcomes for this assessment are:
CLO 1
Interpret the implications of globalisation from a finance perspective and identify various types of international Monetary systems.
CLO 2
Examine the structure and trends of the balance of payments (BoP).
CLO 3
Analyse important features of the foreign exchange markets, including international parity relationships, and apply approaches of forecasting exchange rates
The targeted Program Learning Outcomes for this assessment are:
PLO 1
Explain their role as a local, national and global citizen and be able to apply these perspectives in business contexts.
PLO 3
Analyse complex challenges and formulate innovative solutions in real-world contexts
PLO 4
Reflect on and continuously progress their own professional development, enhancing their intellectual agility and adaptability as tools for success in ever-changing business contexts.
PLO 5
Coherently articulate technical and conceptual business knowledge that is both contemporary and interdisciplinary.
This is an individual assessment task. The purpose of this assessment is to apply your knowledge learned in the class to participate in a simulated trading scenario with real life data. Students need to create their market view and initiate their trades.
There will be a 2-hour trading session run during the class in Week 6. Before the trading session, students need to do research and form their market view. During the trading session, students are required to trade based on market data and their market view. After the trading session, students are required to submit their transaction log spreadsheet within 30 minutes. They also need to submit a market view report and a summary of trading which are due within 5 days after the trading session. For example, if the trading session finishes at 2:30pm on Monday, the market view report and the summary of trading for this session are due by 2:30pm on Saturday of the same week. Trades implemented need to be consistent with the market view presented in the report. When they submit their market view report and summary of trading, they are required to submit their transaction log spreadsheet again together with these two files.
Citation and referencing should be provided where necessary. Students should follow the Harvard referencing style. Students are required to keep back-ups of all submitted work just in case any are lost.
Submission instructions
All submissions must be made electronically on Canvas to Turnitin, accompanied by a cover sheet. The submission should use 1.5 or 2.0 spacing and 12 point Times New Roman font.
Referencing guidelines
Use RMIT HarvardLinks to an external site. referencing style for this assessment.
You must acknowledge all the courses of information you have used in your assessments.
Refer to the RMIT Easy CiteLinks to an external site. referencing tool to see examples and tips on how to reference in the appropriated style. You can also refer to the library referencing page for more tools such as EndNote, referencing tutorials and referencing guides for printing.
Academic integrity and plagiarism
Academic integrity is about honest presentation of your academic work. It means acknowledging the work of others while developing your own insights, knowledge and ideas.
You should take extreme care that you have:
Acknowledged words, data, diagrams, models, frameworks and/or ideas of others you have quoted (i.e. directly copied), summarised, paraphrased, discussed or mentioned in your assessment through the appropriate referencing methods
Provided a reference list of the publication details so your reader can locate the source if necessary. This includes material taken from Internet sites
If you do not acknowledge the sources of your material, you may be accused of plagiarism because you have passed off the work and ideas of another person without appropriate referencing, as if they were your own.
RMIT University treats plagiarism as a very serious offence constituting misconduct.
Plagiarism covers a variety of inappropriate behaviours, including:
Failure to properly document a source
Copyright material from the internet or databases
Collusion between students
For further information on our policies and procedures, please refer to the University website.Links to an external site.
Assessment declaration
When you submit work electronically, you agree to the assessment declaration.Links to an external site.
Rubric
Assignment 1 rubric
Assignment 1 rubric
CriteriaRatingsPts
This criterion is linked to a learning outcomeMarket View Report: Local-Global Outlook (5 marks)
5 to >3.99 PtsHD
Demonstrates an excellent understanding of the interlinkages between local, national and global dynamics when forming the market view for exchange rates
3.99 to >3.49 PtsDI
Demonstrates a very good understanding of the interlinkages between local, national and global dynamics when forming the market view for exchange rates
3.49 to >2.99 PtsCR
Demonstrates a good understanding of the interlinkages between local, national and global dynamics when forming the market view for exchange rates
2.99 to >2.49 PtsPA
Demonstrates a basic understanding of the interlinkages between local, national and global dynamics when forming the market view for exchange rates
2.49 to >0.0 PtsNN
Demonstrates a poor understanding of the interlinkages between local, national and global dynamics when forming the market view for exchange rates
0 PtsDNS
Did not submit.
5 pts
This criterion is linked to a learning outcomeMarket View Report: Analytical Thinking (5 marks)
5 to >3.99 PtsHD
Demonstrates an excellent ability to clearly analyze, evaluate and organize evidence based on theories to form your market view for exchange rates
3.99 to >3.49 PtsDI
Demonstrates a very good ability to clearly analyze, evaluate and organize evidence based on theories to form your market view for exchange rates
3.49 to >2.99 PtsCR
Demonstrates a good ability to clearly analyze, evaluate and organize evidence based on theories to form your market view for exchange rates
2.99 to >2.49 PtsPA
Demonstrates a basic ability to clearly analyze, evaluate and organize evidence based on theories to form your market view for exchange rates
2.49 to >0.0 PtsNN
Demonstrates a poor ability to clearly analyze, evaluate and organize evidence based on theories to form your market view for exchange rates
0 PtsDNS
Did not submit.
5 pts
This criterion is linked to a learning outcomeMarket View Report: Written Expression (2 marks)
2 to >1.59 PtsHD
Meaning is communicated clearly and effectively through consistent and sophisticated use of academic or appropriate style, unambiguous language and correct and appropriate grammar, vocabulary, punctuation and spelling. Paragraphs consistently have clear and relevant topic sentences and are coherent and well developed.
1.59 to >1.39 PtsDI
Meaning is communicated clearly through consistent use of academic style, unambiguous language and correct and appropriate grammar, vocabulary, punctuation and spelling. Most paragraphs have clear and relevant topic sentences and are coherent and well developed
1.39 to >1.19 PtsCR
Meaning is generally made clear through mostly correct and appropriate formal academic style, grammar, vocabulary, punctuation and spelling. Paragraphs generally have topic sentences and are adequately developed, coherent and logical
1.19 to >0.99 PtsPA
Meaning is generally made clear through adequate and appropriate formal academic style, grammar, vocabulary, punctuation and spelling; some lapses causing lack of clarity. Some but not all paragraphs have topic sentences and are adequately developed, coherent and logical
0.99 to >0.0 PtsNN
Meaning is impeded through frequent use of informal language and errors in grammar, vocabulary, punctuation and spelling. Paragraphs lack topic sentences and are inadequately developed with poor coherence of ideas and irrelevant information
0 PtsDNS
Did not submit.
2 pts
This criterion is linked to a learning outcomeMarket View Report: Digital Proficiency (3 marks)
3 to >2.39 PtsHD
Demonstrates an excellent ability to independently and effectively use search strategies and appropriate digital tools to find relevant information and data to complete the tasks. Demonstrate an excellent ability to navigate the digital landscape and to critically analyse and synthesise online information and data to inform your market view
2.39 to >2.09 PtsDI
Demonstrates a very good ability to independently and effectively use search strategies and appropriate digital tools to find relevant information and data to complete the tasks. Demonstrate a very good ability to navigate the digital landscape and to critically analyse and synthesise online information and data to inform your market view
2.09 to >1.79 PtsCR
Demonstrates a good ability to independently and effectively use search strategies and appropriate digital tools to find relevant information and data to complete the tasks. Demonstrate a good ability to navigate the digital landscape and to critically analyse and synthesise online information and data to inform your market view
1.79 to >1.49 PtsPA
Demonstrates a basic ability to independently and effectively use search strategies and appropriate digital tools to find relevant information and data to complete the tasks. Demonstrate a basic ability to navigate the digital landscape and to critically analyse and synthesise online information and data to inform your market view.
1.49 to >0.0 PtsNN
Demonstrates a poor ability to independently and effectively use search strategies and appropriate digital tools to find relevant information and data to complete the tasks. Demonstrate a poor ability to navigate the digital landscape and to critically analyse and synthesise online information and data to inform your market view.
0 PtsDNS
Did not submit.
3 pts
This criterion is linked to a learning outcomeSummary of Trading: Execute justifiable trades (10 marks)
10 to >7.99 PtsHD
Execute a required number of trades excellently during the trading session reflecting an excellent comprehension of market data and the market view on Market View Report or are well justified if inconsistent with Market View Report. Comply with trading rules.
7.99 to >6.99 PtsDI
Execute a required number of trades well during the trading session reflecting a very good comprehension of market data and the market view on Market View Report or are justified if inconsistent with Market View Report. Comply with trading rules.
6.99 to >5.99 PtsCR
Execute a required number of trades during the trading session reflecting a good comprehension of market data and the market view on Market View Report or are generally justified if inconsistent with Market View Report. Mostly comply with trading rules.
5.99 to >4.99 PtsPA
Execute a required number of trades during the trading session reflecting a basic comprehension of market data and the market view on Market View Report or are partially justified if inconsistent with Market View Report. Mostly Comply with Trading rules.
4.99 to >0.0 PtsNN
Execute an insufficient number of trades during the trading session reflecting a poor comprehension of market data and the market view on Market View Report or are not justified if inconsistent with Market View Report. Did not comply with trading rules
0 PtsDNS
Did not submit.
10 pts
This criterion is linked to a learning outcomeSummary of trading: summarise and justify trades (5 marks)
5 to >3.99 PtsHD
An excellent summary of the executed trades and justification for the trades. Meaning is communicated clearly and effectively through consistent and sophisticated use of academic or appropriate style, unambiguous language and correct and appropriate grammar, vocabulary, punctuation and spelling. Paragraphs consistently have clear and relevant topic sentences and are coherent and well developed.
3.99 to >3.49 PtsDI
A very good summary of the executed trades and justification for the trades. Meaning is communicated clearly through consistent use of academic style, unambiguous language and correct and appropriate grammar, vocabulary, punctuation and spelling. Most paragraphs have clear and relevant topic sentences and are coherent and well developed
3.49 to >2.99 PtsCR
A good summary of the executed trades and justification for the trades. Meaning is generally made clear through mostly correct and appropriate formal academic style, grammar, vocabulary, punctuation and spelling. Paragraphs generally have topic sentences and are adequately developed, coherent and logical.
2.99 to >2.49 PtsPA
A basic summary of the executed trades and justification for the trades. Meaning is generally made clear through adequate and appropriate formal academic style, grammar, vocabulary, punctuation and spelling; some lapses causing lack of clarity. Some but not all paragraphs have topic sentences and are adequately developed, coherent and logical.
2.49 to >0.0 PtsNN
A poor summary of the executed trades and justification for the trades. Meaning is impeded through frequent use of informal language and errors in grammar, vocabulary, punctuation and spelling. Paragraphs lack topic sentences and are inadequately developed with poor coherence of ideas and irrelevant information.
0 PtsDNS
Did not submit.
5 pts
Total points: 30