Anderson University and STAR Financial Bank recently launched a live financial stock trading room in the Falls School of Business. Construction of the new facility began in the summer of 2011 and is being funded by a significant financial commitment from STAR Financial Bank. The trading room will benefit all students with coursework in finance as well as upper-division finance students working with the university’s Raven Investment Fund, a student-managed portfolio of that has outperformed the market in return and risk.
"The STAR Trading Room on our campus is an exciting center of action,” said Dr. James L. Edwards, president of Anderson University. “It provides real time connection to the markets and makes actual trades possible. AU is very much a part of the real world, and the STAR Trading Room is a strong part of our real life campus culture. We are grateful to have in STAR Financial Bank a generous partner who shares our vision for the best of tools for our teaching mission."
[Photo (l-r): Dr. Terry Truitt, dean of the Falls School of Business; Dr. James Edwards, president of Anderson University; Tom Marcuccilli, chairman of STAR Group Board of Directors; Eva Tan, a senior at AU studying in the Falls School of Business, Tom Wright, STAR Bank Board of Directors, Tom Miller, President of East Region of STAR, Gary Erskine, Anderson Market President, STAR Financial Bank and Oz Morgan, retired Relationship Manager for STAR Wealth Management]
“One of the things I like about the trading room is that it’s live; it’s real money, real gains, and real losses,” said Gary Erskine, Anderson Market President for STAR Financial Bank. “In stock trading, as I have known it, there is always an emotional element. By having real money and risk involved, it puts that element into play. And what better education is there than the education of experience?”“Because it’s one of the few in the country, the STAR Trading Room gives students at Anderson University a good head start with the tools that are needed to come out of college more prepared than most for the financial world,” said Dr. Terry Truitt, dean of the Falls School of Business. “The dynamics of the financial world are far more complex, far more global in nature and there are far more variables that impact the financial markets on a minute-to-minute basis. The data feed in the center is state-of-the-art, giving students up-to-date information needed to build a strong investment strategy.”
The STAR Trading Room will serve as a real-time, high-tech laboratory classroom designed to simulate a Wall Street environment on the AU campus. The 1,000-square-foot lab will be equipped with:
- 20 trading stations, with a computer and dual displays at each station
- Two large-screen displays providing live coverage of CNBC, CNN, and other financial networks
- Two electronic ticker tapes that surround the classroom with financial information
- Video conferencing equipment
- Software for trading, deal capturing, settlement, analytics, pricing, portfolio management, derivatives pricing, and other finance-related challenges
- Market information subscriptions
"The trading room is a natural blending of STAR's commitment to educating the community on financial matters and Anderson University's commitment to educational excellence, said Bob Coffman, vice president for Advancement at Anderson University. “It is a great reflection of the warm and beneficial relationship we have enjoyed with STAR for many years."
The STAR Trading Room is a part of the $110 million Dreams. Discovery. Direction.campaign for Anderson University. Anderson University recently announced that the campaign passed the $110 million goal, raising nearly $114 million. The campaign is the largest fundraising effort in the university’s history. Major components of the campaign included resources for capital projects, endowment, and operational support.
Anderson University is a private Christian university of 2,600 undergraduate and graduate students in central Indiana. Anderson University continues to be recognized as one of America's top colleges by U.S. News and World Report, The Princeton Review, and Forbes. Established in 1917 by the Church of God, Anderson University offers more than 65 undergraduate majors and graduate programs in business, education, music, nursing, and theology.
STAR provides professional services in banking, insurance and private advisory. Headquartered in Fort Wayne, Indiana, STAR holds assets of $1.7 billion. It operates 48 banking centers throughout Indiana, including the communities of Anderson, Angola, Carmel, Churubusco, Columbia City, Elwood, Fishers, Fort Wayne, Gas City, Gaston, Greenfield, Hamilton, Indianapolis, Kendallville, Kokomo, Marion, Muncie, New Castle, Noblesville, Pendleton, Shirley, South Whitley, Tipton and Upland. As a full service provider, STAR Insurance Agency offers life, health, homeowners, auto, farm and crop, commercial and annuity insurance products. STAR Private Advisory offers private banking, brokerage services and fiduciary services, including estate planning, investment management and trust services. For more information about all of STAR’s services, visit the company’s website at www.starfinancial.com.