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From Wall Street to Sleeping Giant
QU opens new financial technology center
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Business New Haven
2/16/2004
By: BNH
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HAMDEN - The Quinnipiac University School of Business earlier this month opened the Terry W. Goodwin '67 Financial Technology Center in Tator Hall.
At the 1,500-square-foot center, the only one of its kind in Connecticut, students come to learn how the financial markets function. Software installed in the center's 31 computer workstations allow students to access real-time financial data, practice analytical finance methods, conduct trading simulations, analyze economic databases and develop financial models.
"The center will bridge the gap between theory and practice," says Osman Kilic, associate professor of finance and executive director of the center. "The financial information technology skills students will learn in the center are similar to those that businesses teach stockbrokers and financial analysts."
Information available in the center includes stock prices on a ticker tape and wallboards displaying currency, interest rates, bond prices and data from NASDAQ and the New York Stock Exchange. The center also has data feeds for financial news and research information from Bloomberg, First Call and Reuters. Each workstation has a gigabit Ethernet connection and two flat-panel monitors to view more information simultaneously.
Kilic is responsible for integrating use of the center into the curriculum of QU business courses, establishing relationships with businesses to use the center for professional development, forming the center's advisory board and giving presentations at conferences about the educational benefits of a simulated financial trading room.
Professors are teaching seven undergraduate and two graduate courses in the center this semester. "This is a resource unmatched by any business school in the state," says Mark Thompson, dean of the School of Business. "The center provides students with a wealth of data and applications that are useful in all business majors."
Quinnipiac joins business schools that have academic financial centers, including Baruch College, Carnegie Mellon University, Columbia University, Massachusetts Institute of Technology and the University of Pennsylvania.
"These schools have increased enrollment in their business disciplines, upgraded their student selection profile and attained national recognition for their commitment to quality business management education," Thompson says.
The center is named after Terry Goodwin, who recently retired after a 35-year career on Wall Street. Vice chairman of the QU board of trustees, Goodwin has worked in the field of institutional securities trading and equity markets. He retired from Goldman Sachs Asset Management Corp. as vice president and manager of equity trading. Before that he spent more than 20 years with Chase Manhattan Asset Management Corp. as managing director of global equity trading.
The center's sponsors include Dell, Fayez Sarofim & Co., Greenhaven Associates, Nationwide Foundation, UBS Warburg and Weeden & Co.
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