scene at The University of Southern Mississippi's new student-trading
room Thursday might not have matched the New York Stock Exchange
as far as chaos no screaming day traders, no paper
littering the floor.
it was every bit as functional as the state's first student-trading
room linked students in "real-time" with the world's
after major trading floors like the NYSE, the trading room
houses computers powered by the latest software that provides
current data, news and quotes on a global scale.
Michael Melton, director of the Southern Miss Center for Financial
Services, said the new facility was designed to enhance students'
education with a real-time environment. "They are now
able to see markets globally interact," he said.
news and data have allowed students to make more sound investment
decisions," Melton said. "Our students are gaining
invaluable experience with derivative securities such as options
on the first floor of Joseph Greene Hall, home of the College
of Business Administration, the new room is adorned with two
television sets and trading-zone clocks showing times in London,
Frankfurt, Chicago, Tokyo and New York. In the lobby of Greene
Hall, a series of stock prices now streams across the new
ticker that was funded by contributions from Bill Hudson,
CEO of Hudson Salvage.
students at Southern Miss can now watch in real time as the
open-market operations relate and interact globally. For example,
Melton said students can see how the Japanese market influences
the New York Stock Exchange and vice versa.
ability to research stocks in the new trading room should
be a boon to finance students managing the $100,000 gift donated
by the Southern Miss Foundation last year, said Dr. William Gunther,
dean of the College of Business Administration.
we teach kids about the real world, it helps if we can mimic
it as closely as possible," Gunther said. "That
way, when they're ready to leave here, they can hit the ground
said: "We're managing real money from the university
and with the trading room, we can make more sound decisions.
In the old days you had to work with yesterday's information;
now we have state-of-the-art equipment that will make their
decisions that much better."
student Derek Daughdrill, also the assistant director for
CFS, said that with the ability to watch movements of the
market from "minute to minute," the facility is
"a full-fledged trade-floor, just like the NYSE."
as the NYSE did Thursday, finance students watched the markets
jump as jittery investors reacted to the start of military
operations in Iraq. Daughdrill said the new trading room would
allow them to better understand how markets fluctuate during
times of war.
Primerica, a division of Citigroup that helped fund the trading
room, Mike Landrum was on hand to watch students eagerly explore
their new amenities.
not going to find anything like this in the country, much
less the state," said Landrum, a former Southern Miss
football player who enjoyed a three-year career with the Atlanta
Falcons before entering a successful career in finance. "This
will provide students real business training while they're
getting their education."