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FOR IMMEDIATE RELEASE
Office of University Communications                                  

Contact: Kim Betton  , (202) 238-2332

HOWARD UNIVERSITY SCHOOL OF BUSINESS OPENS $400,000 SIMULATION,
LEARNING AND RESEARCH LABORATORY

(Washington, DC, March 30, 2005) - Students at Howard University’s School of Business can experience a first hand account of the financial markets trading room through the new $400,000 Simulation, Learning and Research Laboratory (SLR). A ribbon cutting and dedication ceremony will take place on March 30, 2005 at 2:00 p.m. in the SLR Lab (4th Floor) at the Howard University School of Business, 2600 Sixth Street NW, Washington DC 20059.   The student demo and simulation exercise will begin at 2:50 p.m.  For additional information contact the School of Business at 202-806-1696.      

The Simulation Learning and Research Lab is a state of the art facility which includes industry leading technologies that provide real time data and analytical tools to conduct research and value securities.  This trading room will provide resources for increased research related to financial markets.

The SLR Lab is fully equipped with 30 Dell Optiplex GX260 computers that run on the Windows XP operating system.  Each terminal comes with a 40 GigaByte hard drive, 100 MB bandwidth of connectivity from the the Business School’s local area network, a Pentium 4 processor, and 512 MB RAM.  Other software and hardware equipment in the SLR Lab include:

Hardware: 

  • A Bloomberg terminal that provides similar and supplemental data to eSignal.  Its main usage will be to provide historical financial data.
  • Dual plasma terminals for each workstation
  • 48” plasma screen that provides live news from local and cable television stations
  • A ticker tape and data wall that shows the latest stock quotes and market prices of financial securities
  • Wireless networking capabilities
  • 12 telephones with multiple phone lines

Software:

  • Morningstar Principia – This software package provides the analytical and quantitative tools necessary to assist the user in making sound investment decisions.  Some of its features include: Holdings, Portfolio Building, Layout/Rank and Portfolio Alerts.
  • eSignal – This software tool provides the live data feed to the computers in the lab.  Choice of U.S., Canadian, South/Latin American, European, Asian and African equities, indices, CME E-Minis, CBOT Mini-Sized Futures, NYMEX emiNYs and Forex add-on, plus 100s of world indices.  It also provides an unlimited number of symbols (viewing 200 at a time), advanced charting capabilities, ability to add any futures exchanges and add on 500 or 1,000 symbols viewing at a time.
  • ComputStat (Research Insight) – This data base tool stores data on over 10,000 active public companies, over 11,000 inactive public companies, stock market data, industry data and additional tools to effectively research public companies.
  • Risk Manager – This fully integrated dealer training system is designed for traders, executives and trainees to develop practical skills and understanding of treasury and capital markets.  It has the capability for a formal training course as well for distance learning.
  • Microsoft Office Professional Suite 2003

“We aim to engage our students in real life financial trading that would stimulate sound investment decision making,” said Dean of Howard University’s School of Business, “We are very proud to have such facility to educate our students about the importance of the debt and equity markets and its role in creating wealth.”

Corporate Sponsors for the SLR Lab include Morningstar, NASDAQ Educational Foundation Inc, Brown Capital Management Inc., Credit Suisse First Boston, and The Goldman Sachs Group, Inc.  

Howard University is one of 48 U.S. private, Doctoral/Research-Extensive universities and comprises 12 schools and colleges. Founded in 1867, students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. Since 1998, the University has produced two Rhodes Scholars, a Truman Scholar, six Fulbright Scholars and nine Pickering Fellows. Howard also produces more on-campus African-American Ph.D.s than any other university in the world. 

For more information on Howard University, call 202-238-2330, or visit the University’s web site at www.Howard.edu

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