PSU President Spanier and Master of Finance Students at NASDAQ
On Monday, December 21, students from the master of finance program at Penn State Great Valley had the opportunity to experience the NASDAQ Stock Market Opening Bell ceremony. Penn State President Graham Spanier accompanied the finance students and invited guests, who were welcomed at NASDAQ by market officials.
Dr. Spanier made the day’s opening remarks to the audience prior to ringing the bell. The students and invited guests then joined him on stage where they rang the bell that began the day’s trading.
The event was broadcast live on the NASDAQ Tower, known as the largest stationary screen in the world at seven stories tall. It was also broadcast live via global media outlets including CNN, Fox Business News, CNBC, and the web.
Following the NASDAQ event, the finance students toured the New York Mercantile Exchange and had the opportunity to enter the trading floor. They then returned to the MarketSite® at Times Square to watch a live taping of the CNBC show, “Fast Money.” This trip was arranged with the help of Walt Smith, a current M.B.A. student at Penn State Great Valley and vice president of NASDAQ OMX PHLX. A Penn State alumnus, Smith earned his undergraduate degree in economics in 1995.
Field trips are a hallmark of the master of finance degree, an accelerated, fifteen-month weekend program. In October 2007, a group of finance students toured the Federal Reserve Bank in New York City and rang the Closing Bell at the New York Stock Exchange. In March 2009, another group of students toured the Chicago Mercantile Exchange and the Chicago Board of Trade. They were also taken onto the floor by one of the traders to experience trading firsthand.