DAYTON, Ohio, May 15 /PRNewswire/ -- George Hanley, owner of two
Chicago- based derivative trading firms, has given $520,000 to the
University of Dayton to create a new, state-of-the-art center to give
students real-world experience and a competitive career edge in the rapidly
growing field.
One of only a few such centers in universities, the 20-station
cherry-paneled room is equipped with the same hardware, software and
real-time data used by practicing traders. It's also a classroom, offering
a powerful learning experience for the next generation of aspiring traders.
"Building a center at the University of Dayton gives students a chance
to have some real-world trading experience in one of the fastest growing
businesses in the country," said Hanley, a 1977 management graduate. "When
students come out of UD with this experience, they're two steps ahead
because they've had that real-world, experiential learning.
"It's very important that they know and are familiar with the software
and hardware that they'll be using as professional traders," Hanley said,
noting that students can make simulated trades using live market data as
well as historic, archived data. The center also offers the ability to make
real trades as well.
Hanley and University officials cut the ribbon on the new center May
15. It's already in use for summer classes.
Establishing the center - one of just a few in the nation to focus on
derivatives - puts the University of Dayton in the forefront of a new trend
in business education, according to Elizabeth Gustafson, interim dean of
the School of Business Administration.
UD's center will be distinctive by emphasizing quantitative skills and
by affording students hands-on opportunities to work directly with
TradeStation, one of the most popular trading platforms, Gustafson said.
Another advantage of the program will be the interaction students will have
with experienced traders who will be brought in to teach and lecture, she
said.
"The center will also operate as an interdisciplinary program,
coordinating with the mathematics, computer science and engineering
departments to provide learning opportunities for a wide variety of
students," Gustafson said.
Hanley, president of Hanley Group and chairman of Infinium Capital
Management, has been involved in the design and construction of several
trading rooms including a recent multi-million dollar facility for
Infinium, said he brought what he learned from those experiences to the
design of the new UD facility.
University of Dayton President Daniel J. Curran said Hanley's gift will
build an important new capacity for the business school.
"Mr. Hanley is well-known for his ability to build successful
businesses. We are pleased and honored he's helping us increase our
capacity for applied learning in such a distinctive and innovative way,"
Curran said. "He is helping us build our unique brand of business
education."
The UD School of Business Administration already emphasizes learning by
doing: finance students manage a portfolio of more than $8 million of the
University's endowment, entrepreneurship students are involved in running
real businesses, and MBA students act as consultants to local firms on
management studies.
Hanley explained that derivatives encompass a wide variety of trading
instruments, including options, futures, commodities and even stock
indexes. The field is rapidly growing.
Hanley began his trading career in 1977 as a runner at the Chicago
Board of Trade, following in the footsteps of his father who began his
brokerage career in 1923 as a runner. Hanley traded derivative products at
numerous exchanges worldwide and found his niche at the CBOT Soybean
Options pit. He founded Hanley Group in 1986 and developed a training
program with an emphasis on sound, disciplined trading and emerging
technology.
BACKGROUND: The University of Dayton is Ohio's largest private
university and a top-tier national university with sponsored research
totaling $75 million annually. As one of the top-10 Catholic universities
in the nation, UD emphasizes transformative education and prepares students
for leadership and community service in the Marianist tradition. The
University of Dayton is nationally recognized for its approach to finance
and business education, which integrates hands-on learning with theory and
allows students to apply learning through running real businesses and
investing more than $8 million of the school's endowment. Its
entrepreneurship program has been rated the fifth- best in the U.S. for the
past two years by Entrepreneur magazine and The Princeton Review. For more
about this story and the University of Dayton visit http://www.news.udayton.edu.
SOURCE University of Dayton
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Related links:
http://www.udayton.edu
http://www.news.udayton.edu
CONTACT:
Cilla Shindell, University Communications,
+1-937-229-3257, shindell@udayton.edu
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