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Sunday, May 21, 2006

Matheson now home to mock stock trading floor

Students in the LeBow College of Business will soon have the opportunity to vicariously experience real world financial trading, made possible by the electronic-securities trading lab with professional trading equipment and even real money.

LCoB Dean George Tsetsekos announced in fall 2004 the plans for a brand new electronic trading facility to be built in Matheson Hall. The existing computer lab was demolished and construction for the new financial trading lab was conducted in spring and summer 2005. The trading lab, designed to emulate a real financial trading market, is almost complete and is located on the first floor of Matheson Hall.

The facility will serve a dual purpose both as a computer lab that all students can utilize and as a trading lab specifically geared towards those students studying finance. Modeling the concept pioneered by other universities, the University will open the lab with the intent to provide students a real depiction of how the finance market works.

"The idea is for the students to learn how to invest in financial markets real-time, with real resources - real money," Tsetsekos explained.