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New finance trading room opens in Heller College of Business

Posted: 11/01/2013
Roosevelt University’s Walter E. Heller College of Business has opened a new state-of-the-art finance trading room on the 12th floor of the Wabash Building, thanks to a generous gift from Clearing Corporation Charitable Foundation.
 
The room contains a ticker with live market data feed, Bloomberg terminals, and laptops for students to support teaching and research in finance, as well as in marketing, human resources and accounting.

“The new room gives our students a competitive advantage when seeking employment because it uses technology from Bloomberg, a leading provider of market data, news and analytical functions,” said Heller College Dean Terri Friel.  “The Bloomberg terminals are the same as those used by professionals in the field.”
 
The stock screen displays stock quotes from around the world and can also display customized messages to students from professors. “The Clearing Corporation Foundation is highly invested in Chicago,” said foundation board member David Johnson.

“The city is so much an integral part of the global marketplace.  We want to ensure Chicago grows the talent it needs.  Investing in Roosevelt’s program will educate students and equip them for the trading and financial skills required to enhance their future and that of the industry.”

Friel said that the finance trading room enables students to combine coursework with real-world experiences, such as overseeing an equity investment fund.  Students also are able to analyze potential investments, compose research reports and network with investment professionals. Plans to develop a real fund for students to trade to provide support for the college’s incubator program from gains made in trading are in the works.