SXU receives $100,000 grant for finance program
December 13, 2012 1:06PM
Updated: January 17, 2013 6:04AM
St. Xavier University recently received a $100,000 grant from the CME Group Foundation to institute a Center for the Study of Financial Markets and Derivatives at the Graham School of Management.
“Using real-world applications and innovative teaching techniques, the center will provide students with an in-depth education about trading, risk-management and other financial concepts, and will provide collaborative research opportunities for students and faculty members,” school officials said in a news release.
The center, which is expected to be operational for the spring 2013 semester, will be equipped with portable equipment for in-class lectures and demonstrations, and a hands-on laboratory where students can work on projects such as simulated financial portfolios.
Ultimately, students will manage a real-time investment portfolio for the Graham School of Management.
“The CSFMD also will strengthen SXU’s ties with the community by enhancing the Graham School’s existing opportunities to consult with local businesses,” officials said.
Plans are under way to partner with local high schools so that high school students can learn basic financial concepts.
The CME Group Foundation mission is to enhance economic opportunities by supporting academic initiatives and activities in the Chicago region, including those that promote research, teaching and learning in financial markets, futures and derivatives, officials said. It also promotes the education of disadvantaged children and youth.
School officials said the school is partnering with the Big Shoulders Fund to improve and support teaching of early mathematics in urban Catholic elementary schools.
Information: (773) 298-3600.