Sterling Trading Tech supports diversity in finance non-profit with trading simulator
Sterling Trading Tech, a provider of compliance, risk and infrastructure solutions for equity, options and futures trading, is committing resources to support a non-profit urban youth financial education, training and mentoring organisation, Wall Street Bound.
Wall Street Bound discovers, trains and mentors urban and minority finance talent, nurturing tomorrow’s successful financial services professionals and traders. Their mission is to create pathways for diverse talent to enter and succeed in the front offices of ‘Wall Street’. “We believe that by teaching the technical skills of equity and data analysis, algo development and trading, we can empower underrepresented young adults to aim beyond their present horizons and embark on fulfilling careers as finance and investment professionals,” states Wall Street Bound founder and CEO, Troy Prince. “You can only become a trader if someone with capital is willing to give you the opportunity to gain the experience.” Troy Prince is a Wall Street veteran with more than two decades of industry experience and he is now dedicated to connecting typically overlooked urban talent with the capital markets and investment opportunities.
The training will include use of Sterling Trading Tech’s advanced trading simulator (also known as ‘paper trading’), which offers a realistic trading environment on STT’s flagship professional trading platforms using a proprietary matching algorithm to closely match real-world trading conditions for equities and options. Additionally, the Wall Street Bound program provides students with over 100 hours of detailed instruction on Forex and 250 hours on Stock/Options trading. Once the prerequisites are met, program participants are given access to live risk capital trading accounts through Wall Street Bound’s partnership with Maverick Trading.
“We understand that education is an essential component of professional trading, and we strongly believe in Wall Street Bound’s mission,” states Jim Nevotti, president of Sterling Trading Tech. “Sterling Trading Tech is honoured to be able to give back to this program in a meaningful way through offering our best-in-class simulation technology.”