Students get low-down on high finance

Ireland“There was just one thing missing from the University of Limerick’s virtual trading floor, said Niall FitzGerald, the Irish deputy chairman of Thomson Reuters, as he officially opened the facility, ‘the adrenalin rush that comes from realising you’ve lost €50 billion rather than €5 billion’. The trading floor is a high-tech room in UL’s Kemmy Business School housing 24 computers – each with four screens adorned with share price graphics, stock tickers and company data, but no real money. The first of its kind in Ireland, it will allow UL’s computational finance and financial services students to perform simulated trading exercises, as well as provide professional education to employees of IFSC firms. But Mr FitzGerald, the former chief executive of Unilever, told the postgraduate students that he was no fan of the reckless, ego-driven, self-interested financial markets …” (more)

[Laura Slattery, Irish Times, 5 September]

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