Forex Lab
- Funding partner:
- Bundesmittel, Stiftungen
- Profile area:
- Informatik
- Potential area:
- Künstliche Intelligenz & Machine Learning, Technologie, Gesellschaft & Ethik
Students and professionals in the fields of treasury/banking and international business are expected to learn how to use instruments for hedging currency risks effectively as part of their training. The knowledge and skills required for this are complex and not always intuitive.
As part of this project, a mobile app (Forex Lab) is being developed to enable these skills to be acquired in a playful manner. In realistic scenarios, users are presented with business transactions of increasing complexity and must develop and implement a comprehensive, appropriate hedging strategy. Forex Lab evaluates the strategy using metrics that are easy to understand and can be compared across users. Over time, users develop an intuitive understanding of how to balance and optimise the various metrics, thereby gaining realistic competence in using hedging instruments.
The app is currently in beta testing. If you are interested in taking part, please contact us.