QUID PRO QUO
Operacy: Navigating through challenging times and in corporate world it’s all about how an entrepreneur manages his resources; the capital and financial resources in particular, that help a business to survive tough times. The finance event named QUID PRO QUO was organized with the purpose of checking the risk analysis and the level of financial planning of the participants using the nemesis of virtual stock market.
There were nine teams comprising of three players each out of which one of them was from our college. The player from our college played the role of a BROKER while the other two were the traders. It was our privilege that Prof.Arvind Sinha and Bidyanand Jha sir were there throughout the event to oversee that proceedings went on smoothly. The software developed by our senior Shyam Sir was used to conduct the event. In the event, there were two files one was for the broker and the other was a projector file. In the projector file, there were various shares and their prices were to change every thirty seconds. The players after noticing the trend of the change in prices were to decide whether to purchase a particular share or sell it. However, the ultimate decision of the buying and selling of the shares lay in the hands of the traders.
To make it all the more exciting, there were news flashes which would facilitate the participants to predict the change in prices of the shares. However, the news was not flashed throughout the game, they were given a few minutes of risk trading when no news was flashed. Also a few times the news was just a rumor to make participants understand the real market scenario and this helped us understand the analytical skill of participants.
There were two rounds: preliminary and finals. The preliminary round was conducted in three batches. Each batch comprised of three teams. Out of the nine teams, the teams with the maximum current account balance qualified for the final round. The preliminary round extended for fifteen minutes. The most important part was by the end of the fifteen minutes, the player was supposed to sell all his shares. If they failed to do so, they would be disqualified.
The top three teams qualified for the final round which continued for ten minutes. The rules were the same only the players had to sell the shares by the end of ten minutes now instead of fifteen minutes. Out of the three teams in the finals, the team with the maximum current account balance would be declared the winner of the event.
The event proved to be quite a big success and we are glad to have organized it.
Operacy Finance Event Coordinators
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