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75 BizEd March/April 2014 Wider Applications As this discussion implies, much of the action that takes place in a trading room has a finance applica- tion—enough so that "trading rooms" could be aptly renamed "financial services centers." But trading rooms can have considerably wider relevance. First, students aren't just trading financial shares in a trading room; they're trading book learning for expe- riential learning. But second, it's not just finance and business students who can benefit from a trading room. Such a facility offers plenty of opportunities for a broad mix of students and faculty from around the campus. As an example, math students can use a trading room to understand concrete applications of abstract concepts. Computer science majors can explore a spec- trum of IT-related issues in a trading room. Journalism students can observe events on Reuters or Bloomberg terminals, then dig deeper to find related information. Trading rooms also can be used as centers for com- munity outreach. For instance, a business school can offer high school students and local residents financial literacy programs that utilize its trading room's soft- ware and hardware. And finally, a trading room can be rented out for corporate training activities, which turns it into a profit center for the school. Make no mistake, a trading room can be an expen- sive investment for a business school. But that invest- ment can pay off handsomely by producing graduates who are more likely to be poised and ready to work in the real world. Deniz Ozenbas is a professor of finance at Montclair State University in New Jersey. Robert Schwartz is Marvin M. Speiser Professor of Finance and University Distinguished Professor at Baruch College's Zicklin School of Business in New York; he is also a developer/owner of TraderEx trading simulation software. Thank You To Our Business Members SUSTAINING BUSINESS MEMBERS • Capsim Management Simulations, Inc. • ETS ® • GMAC ® • Innovative Learning Solutions • KPMG • McGraw-Hill/Irwin • Bloomberg Businessweek • Cabell Publishing, Inc. • Certified Financial Planner Board of Standards, Inc. • Deloitte LLP • Emerald Group Publishing Limited • Ernst & Young LLP • First Finance Institute • Grant Thornton LLP • inDegree • PricewaterhouseCoopers EXECUTIVE BUSINESS MEMBERS BUSINESS MEMBERS • AAFM-International Board of Standards • Academic Leadership Associates, LLC • American Institute of Certified Public Accountants • Austral Education Group • BestMatch • CFA Institute • The Conference Board, Inc. • Eduvantis, LLC • Enactus • FIE: Foundation for International Education • The Financial Times • IAAFM • The Institute of Internal Auditors • Institute of Management Accountants • International Accreditation Council of Professional Training • International Finance and Management Academy • IOPCA • IPQMI • Isaacson Miller • Masterstudies Marketing Group • The Mountbatten Institute • National Association of Colleges and Employers • Pearson • Peregrine Academic Services, LLC • Perkins+Will • Project Management Institute • Robert A.M. Stern Architects, LLP • Society for Human Resource Management • SJG–The Spelman & Johnson Group • Witt/Kieffer

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