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$1.8 Million Gift to University of Dayton Trading Center Puts State-of-the-Art Software in Finance Students' Hands
Apr 13, 2012 (02:04 PM EDT)
DAYTON, Ohio, April 13, 2012 /PRNewswire-USNewswire/ -- The University of Dayton announced today a gift valued at $1.8 million to the School of Business Administration to enhance student learning in the fast-growing field of alternative investments.
Colorado-based CQG Inc. has donated CQG Integrated Client trading software and licenses for five years valued at $30,000 per month to the University's Hanley Trading Center. The software provides the same global market data, analytical tools and order routing used by professional traders for trading products, including stock options, stock indexes, options on indexes and currency valuations.
"A hallmark of a University of Dayton education is real-world experience that allows students to apply classroom learning to the challenges of the marketplace," said Joseph Castellano, interim dean of the School of Business Administration. "CQG's generous gift will enhance the learning experience of students in the Hanley Center, helping them develop the skills and expertise they need to succeed in the fast-moving field of trading."
Josef Schroeter, CQG's president, said, "CQG is proud to provide our integrated analytics, charting and trading platform for the Hanley Trading Center and the students in the School of Business Administration."
"It is incredibly rewarding to support experiential learning through our CQG on Campus program and we are more than pleased to have added the University of Dayton to our growing list of participating universities," he said.
Established in 2007 with a gift from George Hanley, CEO of Hanley Group Capital and a founder/principal of Infinium Capital Management, the center is a state-of-the-art trading room.
"It's great to see a company of CQG's caliber give a gift of this size to the University of Dayton for use in the Hanley Center," said George Hanley, a 1977 University of Dayton graduate. "CQG has always been the premier data and quote provider for the industry. They have grown and adapted as the trading business has changed.
"This gift will definitely give our students a head start by learning in a very hands-on, experiential way. Trading is a very competitive business and developing skills with the tools provided by CQG will be essential as these students start their careers. I just want to say thank you to CQG for this generous, thoughtful gift to the University and the students."
Under the guidance of Leslie McNew, clinical professor of finance and director of the Hanley Center, students develop specialized math and computer modeling skills, learn to manage specific portfolios for markets such as energy, and put learning into practice through such programs as trading real euros and Australian dollars in the global spot currency market.
"With training and experience on the CQG platform, University of Dayton students will be well-prepared to step into careers in the finance industry with a competitive edge," said John Rapp, economics and finance department chair.
The students will have access to CQG's high-speed network of specialized gateways, futures commission merchants as well as electronic trading connectivity with more than 40 exchanges.
Matthew Scharpf, a 1992 University of Dayton graduate who now works for CQG as an account manager, was instrumental in arranging the gift.
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Link to this release: http://www.udayton.edu/news/articles/2012/04/hanley_center_gift_cqg.php
SOURCE University of Dayton