Core Trading Consultants
The Core Trading Consultants, also known as CTC, is an entirely student run finance organization that gives its members the opportunity to integrate coursework with real-world experience. This opportunity is realized through active management of the recently created Ithaca College Investment Club (ICIC) mutual fund, which has roughly $25,000 in combined assets.
Every Tuesday from 12:10-1:00pm, in the Trading Room (formally known as the Center for Trading and Analysis of Financial Instruments, founded in 1995), the Core Trading Consultants assess the fund’s progress, discuss the current state of the market, research new securities, and teach members finance related topics of their choice. Additionally, the organization provides access to and technical assistance with the Trading Room's state of the art financial software.
Like an investment bank, the CTCs are broken down into industry groups, with each group representing a sector of the market. During these group meetings (scheduled as additional meetings, apart from the general meeting on Tuesday), the CTCs research companies within their industry, set up watch lists, and compare fundamentals between firms. Over time, each industry group selects a stock that they believe will appreciate in value and gives a “buy presentation” during a general Tuesday meeting. A vote by the shareholders of the fund then determines if the stock will be added to the fund’s portfolio (a majority vote resulting in an acquisition). Each industry group is composed of a Senior Analyst (an upper class student), and a group of Junior Analysts, who are taught the necessary skills needed to succeed in the financial field by their Senior Analyst.
The CTCs are a valuable asset to the School of Business in providing new opportunities for the club’s members to expand their financial knowledge, experience, and confidence. By joining this organization, members will build relationships with fellow students, professors, and the club’s close-knit alumni network.
For more information on the CTC/ICIC organization and the fund’s 2010 performance, we invite you to review the IC Investment Club's 2010 Annual Report.