Fts

FTS has its origins in research. It was originally designed by Professors John OBrien and Sanjay Srivastava, and the first research paper using FTS came out in the Journal of Finance in 1991 Since then, it has been used in a variety of studies, particularly for financial market experiments, and a list of some papers written on or using FTS is below... . If you know of a paper that is not on the list, we would greatly appreciate it if you would send us the link. The FTS Interactive Markets provide an easy to use and comprehensive framework for financial market experiments. It is quite straightforward to conduct experiments on information aggregation, speculative bubbles and overreaction to information, excess volatility and trading, and so on. The system also allows for different microstructures (call markets and continuous double auctions, quote and order driven markets), as well as very general payoff structures, allowing for a wide range of incentives to be implemented in an experimental setting. The entire experiment is defined in a spreadsheet. The easiest way to see its capabilities is to look at our existing cases (for example, case RE2, used in the 1991 Journal of Finance article). Then, look at the spreadsheet that defines the case. The workbook containing case RE2 is available at this link. A description of the various parts of the spreadsheet is given here. If you want to conduct market experiments, please contact us, and we can help you set up your experiment. Beyond markets, we also provide a generic experimental system, where you can run almost any experiment you like, including auctions, game theory experiments, behavioral finance experiments, and so on. More information is in this document.Read More