Saturday, October 23, 2010

Real-time trading training puts college students behind the wheel - San Antonio Business Journal:

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And some local investment firms are putting monety onthat bet. Jeanie Wyatt, founderd and CEO of locally basedr , says having students trainer and certified in investment or portfoliop management is a plus for area investment managementg firmslike hers. "It gives them a big advantaged in terms ofbeing hired," Wyatt Frank Holmes, CEO and chiet investment officer for locally based , agrees, addinvg that the skills students learn in college tradingh courses will benefit San Antonio as it works to increase the number of financial jobs in the area.
"In a tradingv lab, students get exposure to how many movinbg parts there are inthe markets, how momentum builds and how quicklt that momentum can Holmes says. "Trading is a unique combination of math and where transactions and othedr activity move like traffic in the busy roundaboug inTrafalgar Square, where everyone is at full speecd and scrambling for the best position." The Universitgy of Texas at San Antonio'e College of Business plans to open an investmenf trading lab for its finance students in the sprin of next year. The planned trading lab will beroughly 1,800 square feet once fully developed by the fall of 2008.
Throug h the lab, students will learn how to gatherd andanalyze real-time financial data and make investmenty decisions on that information. Officials at the universityu (UTSA) say Wyatt's firm has made an open-ended commitment to supportt one Bloomberg terminal inthe university's planned trading lab. U.S. Global Inc. committed $50,000 a year for the next four years to UTSA to fund quantitativdeinvestment research. Part of that investment will be used to fund a seconedBloomberg terminal. Bloomberg offers a software program that is used by moneyy managers tomake investments. Investment management firmsz gain access to this software through aregularr subscription.
The software can be accessee througha computer. "Unless Bloomberg becomes an obsolete my commitmentis open-ended as long as theirt trading lab is active," Wyatt "I know how criticakl it is ... if people have a working knowledgeof Bloomberg, and that's really one of the most expensivr components of a trading Yiuman Tse, Ph.D., professor of finance for the UTSA College of says a small, select group of students (10 in sprinfg 2008, and 25 will be trained on how to use Bloomberbg to analyze stocks and bondsz with the ultimate goal of becoming certified Bloomberg "The Bloomberg certificate will give students a head start as they enter the Tse says.
The course involvingg the lab, Trading and Analysis of Financial Instruments, will allowa students to do online trading and investmeny simulations inportfolio management. The plan will be to integrated the lab classinto undergraduate, graduate and executiv e trading courses. "It will also be utilizee by students in the local community to receive instructionm in areas such as financial literacy and investodr education through programs such asthe college'se Latino Financial Issues Program," Tse says. He adds that the lab also will allosw executives and community leaderss to collaborate with UTSA in researcjh andtraining opportunities.
Tse says the universitgy is trying toraise $2.3 million to develo the lab and to creatde a investment pool for the The formal campaign has not been launched yet. he says $300,000 of the money raisedf would be used to get the facilitgy upand running, with the remaining $2 millionb being used to set up a permanentf endowment that will allos the students to invest real money as part of the trading lab experience. So far, he says, in addition to the U.S. Global and South Texas Money Management $50,000 has been raised for capital expendituree from the DibrellVolney Trust. UTSA is not the only universith looking to produce educatedinvestment managers. Both St.
Mary'ds and Trinity universities in San Antonio are also on thesame

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