Towson University establishes the T. Rowe Price Finance Lab
Cutting-edge space provides business, finance students with hands-on learning experience
TOWSON, Md. (August 10, 2012)—In a ribbon-cutting ceremony to be held at Stephens Hall on Sept. 6, Towson University will mark the official opening of the T. Rowe Price Finance Lab, a newly constructed space that replicates the functionality of a Wall Street trading firm and allows students to value and price complex securities and investments in real time.
The finance lab project was initiated last year, when the T. Rowe Price Foundation granted the College of Business and Economics with $250,000.
“The trustees of the foundation recognized that the electronic business and finance laboratory at Towson will be accessible to over 3,000 business undergraduate and graduate students each year,” says Ann Allston Boyce, president of the T. Rowe Price Foundation.
“Providing hands-on educational experiences that help graduates prepare for the workforce is important to the foundation, the community and to T. Rowe Price.”
Technological features will include a Bloomberg box, which streams up-to-the-second analytics through a customized interface; a Rotman Interactive Trader, which provides a way for students to transact financial securities with each other in real time; and Stock Trak, which allows students to manage a virtual stock portfolio or multiple portfolios.
“The lab will further prepare students for careers at financial companies like T. Rowe Price and beyond with industry-standard technologies like Bloomberg, while promoting financial literacy campus wide,” says Shohreh Kaynama, dean of the College of Business and Economics.
The space will be utilized for formal classes, lectures and events, as well as the projects of student organizations like the Towson University Investment Group, the Economics Society and the Financial Management Association.
A ribbon-cutting ceremony on the first floor of Stephens Hall will take place Thursday, Sept. 6 at 5:30 p.m. Attendees will include Maravene Loeschke, president of Towson University; Shohreh Kaynama, dean of the College of Business and Economics; Ann Boyce, president of the T. Rowe Price Foundation; Ken Moreland, CFO, treasurer and vice president of T. Rowe Price; and Rob Sharps, vice president of T. Rowe Price.
To learn more about the capabilities of the T. Rowe Price Finance Lab, visit its website.