Gift will support Department of Finance students studying derivative markets
MONTREAL, Jan. 12, 2015 /CNW Telbec/ - A major gift from data analytics and trading technology provider CQG will further advance business programs at Concordia's John Molson School of Business (JMSB). Denver-based CQG is donating 24 licences, worth $1.6 million, of its CQG Integrated Client: a suite of software tools for charting and analyzing the derivatives market. CQG's state-of-the-art technology is used on trading floors of more than 40 stock exchanges worldwide. Concordia is the first Montreal-based university to possess this software to be used in the John Dobson – Formula Growth Investment Room.
CQG Integrated Client will allow JMSB students to develop expertise in trading strategies through access to detailed derivatives data. The product offers real-time and historical financial data and built-in analytical tools help users make expert trading decisions. About 150 Department of Finance students will benefit annually and gain competitive edges in financial services job markets. JMSB will hold the license of the trading technology for five years.
CQG's investment will support analysis and research in the fields of equities, commodities, foreign exchange trading and bond prices. CQG Integrated Client will also advance research for graduate students and faculty with interests in empirical testing or options pricing theory.
"We are grateful for CQG's investment in the John Molson School of Business," says Concordia President Alan Shepard. "This gift will allow our finance students to apply what they learn in the classroom to real-market situations, giving them an edge as they transition from their studies to the business world."
"We are committed to developing the next generation of traders, and providing access to specialized tools that real traders use is a key part of that," says Patrick Kenny, CQG's vice-president of client relations. "CQG is proud to support the advancement of education at Concordia."
Steve Harvey, dean of Concordia's John Molson School of Business, says: "By providing our students access to professional trading technology and learning opportunities CQG is increasing their ability to compete in the financial sector."
SOURCE Concordia University
For further information: Sources: Scott McCulloch, Senior Advisor, Communications, Advancement and Alumni Relations, Concordia University, Tel: 514-848-2424, ext. 3825, Cell phone: 514-513-8535, Email: firstname.lastname@example.org, Website: concordia.ca/alumni-friends; Kelsea Michael, K. Michael Public Relations, LLC, Tel: 646-266-1559, Email: email@example.com