Kent State Opens High-Tech Trading Exchange Laboratory
By Ronald Roach
KENT, Ohio
Last month, Kent State University opened a Financial Engineering Trading Floor designed to give business students hands-on experience in risk management and derivatives trading by replicating trading floor conditions.
The facility, housed within the university’s College of Business Administration, has 25 Hewlett-Packard workstations with flat panel monitors, each with live exchange data feeds to the Chicago Board of Trade, the Chicago Mercantile Exchange, BrokerTec, the Singapore Exchange, Tokyo Grain Exchange and Eurex, an international exchange in Frankfurt, Germany.
“The creation of an on-campus Financial Engineering Trading Floor will further distinguish Kent State as a center of excellence in financial engineering and risk management,” says Kent State president Dr. Carol A. Cartwright.
Financial engineers apply mathematical models to risk management problems in finance and are employed by the financial markets, investment banks, hedge funds, insurance companies, corporate treasuries and regulatory agencies.
