DePaul University, Chicago, has built a virtual electronic trading room for finance undergraduate and graduate students to start using in the upcoming fall quarter.
The facility will include a live electronic stock ticker and dual-monitor computer stations where students will have access to newswire services, analytical tools, trading platforms, portfolio analytics and risk management software. Data services will include Morningstar Direct, Morningstar Advisor, Bloomberg, Barra, Thompson Financial, Capital IQ and Aspen Graphics.
The school decided to build the room after a department advisory board suggested a way to improve the program was to produce tech-savvy graduates, said Ali Fatemi, chair of the finance department.
That goes beyond the ability to build a spreadsheet, Mr. Fatemi said, and includes the ability to manipulate data to make investment decisions.
We wanted to create an environment that afforded students access to the same type of data they'd have access to once joining the work force, Mr. Fatemi said in a phone interview. That way, they'll ... be able to hit the ground running when they start work.
The department also recently appointed James R. Booth as its first Christopher L. Keeley Chair in Investment Management. Mr. Booth is joining from Arizona State University and will teach undergraduate and graduate classes, including an MBA course for which students will make real investments from a $300,000 donated fund. Students in this investment course will meet with Chicago money managers to discuss investment strategies and results. Jennifer Byrd