CAZENOVIA, N.Y. — Cazenovia College will use a state grant of $40,000 to help pay for a project to develop a financial trading laboratory.
The funding was announced as part of the state’s Regional Economic Development Council awards in Albany. The state grant will contribute to the overall project to develop the laboratory.
The project cost is estimated at $250,000, Christine Hiney, communications and marketing coordinator at Cazenovia College, tells CNYBJ. Elements of the lab will be available for students this coming fall, and Cazenovia College anticipates having it fully completed within a year, she adds.
Located in Coleman Hall on the college’s main campus, the laboratory will be designed to simulate a financial trading environment. It includes electronic ticker screens, a world clock, and electronic data boards with streaming market data and news.
The associated systems’ software, and access to domestic and international financial markets and other data sources will be “critical to the function of the lab,” the school said.
Cazenovia will use the financial trading laboratory as a classroom, a seminar room, and a workshop.
“This project is a great addition to the Finance program that we began in 2018,” Cazenovia College President Ron Chesbrough said in a statement. “Through this lab, students will gain a greater understanding of automated trading systems and other technological advances in economics, so they are fully prepared for finance-oriented careers.”
Contact Reinhardt at ereinhardt@cnybj.com