Opening Bell Rings at Cedarville’s New KeyBank Trading Center

by Public Relations Office - Cedarville, OH

From the flashy electronic data ticker to the live Bloomberg feed, students in Cedarville University’s Department of Business Administration have a market-savvy new environment in which to explore finance. The KeyBank Trading Center officially opened on November 4, 2005, in a ceremony packed with KeyBank representatives, University administrators, the Business Advisory Council, DBA students, and DBA faculty and staff.

Thanks to the generous support of KeyBank and the Key Foundation, the KeyBank Trading Center will give Cedarville’s 80 finance students access to leading edge technologies and provide a more real-to-life learning experience. The center, located in the Milner Business Administration Building, boasts 20 double-monitor workstations, an electronic data ticker, a data wall of constantly changing financial info, a 63-inch plasma screen for classroom presentations, and a 37-inch monitor for live financial news feed.

Dr. Bill Ragle, associate professor of finance, shared “[Students] can’t learn this kind of stuff from a book. It’s interesting to read about the markets and how they work, but to get into the Bloomberg databases and the other databases and see how they work is really exciting. They really begin to understand then.”

Jim Reker, KeyBank Managing Director, Public Sector, was both pleased and amazed by how the center had materialized. He said, “I saw it under development stage and it was … just some two-by-fours and so forth sitting here. Now it looks like a trading floor and acts like a trading floor, and it’s a great opportunity for the students to be able to experience what a real trading floor — a real business environment — looks like.”

The KeyBank Trading Center is just one facet of a growing relationship between KeyBank and Cedarville University. Over the next three years, KeyBank intends to 1) offer professional counsel to the Cedarville finance program, 2) host students for educational visits to its Cleveland headquarters, 3) offer a summer internship to a Cedarville finance major, and 4) engage the finance faculty in aspects of KeyBank’s business.

Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $92 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.