It takes approximately 30 minutes to travel from central Brooklyn to Wall Street, but Medgar Evers College students can now go to the AB1 building to monitor and analyze real-time data from the financial market.
On February 3, the College unveiled its enhanced Financial Simulation Lab with a ribbon-cutting ceremony. Through a grant from the Collegeâ€™s Office of Predominantly Black Institutions (PBI), and funding from Brooklyn Borough President Eric L. Adams, the enhanced lab features several computer terminals, LED stock tickers, and a number of interactive flat panel displays. President Rudolph F. Crew said the state-of-the-art facility gives students access to the same financial market data, news, research, and analytics accessed around the clock by investment institutions, banks, and news organizations worldwide.
â€œItâ€™s important to us because our students have to have access to the world markets,â€ Crew added, â€œThey cannot go to a college in central Brooklyn without that college having connections to the financial industry and to the financial world.â€
The Department of Economics and Finance in the School of Business launched its lab in October 2016 in the Carroll Street building and offered students a virtual trading platform with simulations of international trading markets. School of Business Dean, Dr. Jo-Ann Rolle, said this enhanced lab would better position the School to be on the cutting edge of contemporary practices in Finance and Business education.
â€œIt is our belief that this facility and others like it to come will make the Medgar Evers College family feel like they can make a difference,â€ said Rolle.
Borough President Adams pledged his support to help get an LED stock sticker on the exterior of AB1. Additionally, representatives from Carver Federal Savings Bank who were on hand for the ribbon-cutting said the Bank would collaborate with the college to offer internships to Economics and Finance students.