Archive for April, 2009

Still looking for a summer internship in finance?

Friday, April 3rd, 2009

I wanted to point out a great summer program for anyone interested in starting or advancing their Wall Street career: finance training plus a guaranteed finance internship.

First, you get to brush up your financial skills in a Three-week intensive finance training program covering accounting, consolidated financial statements modeling, mergers and acquisitions modeling, leveraged buyouts and valuation.

Then, you get to apply them in the real world during a Guaranteed four-week internship at a premier private equity or venture capital fund.

Up to 15 qualified candidates will be able to join this program this summer. UpDown members get a 5% discount.

Learn more here.

Improvements to Trading System

Friday, April 3rd, 2009

We’ve launched a significant improvement to our trading system today that makes trading on UpDown even more realistic: partial fills.

So far, all orders were executed in one batch regardless of their volume, allowing for substantial volume trades of even lower volume stocks in seconds. Now, orders will get executed based on the volume that is traded in the real stock market.

Small orders of high volume stocks (i.e. 1,000 shares of Apple (AAPL)), will still be executed immediately. However, the execution of a large order of a low volume stock will happen over time as the volume becomes available.

For more info, check out the new paragraph on partial fills in our help section.

Looking forward to your feedback!