MSB Finance Students close the NYSE

September 13, 2007 nyse_two

On September 7th, a dozen of Professor Jim Angel's finance students had the honor of ringing the closing bell on the day's trading at the New York Stock Exchange podium.

The MSB students, all from Dr. Angel's Principles of Investment (POI) class, traveled to New York for a first-hand visit to the world's largest trading market. In the morning, they visited top executives at Pipeline Trading, an innovative trading company that operates a "dark pool" trading system. In the afternoon, the group visited the NYSE-Euronext where they met with Co-President Duncan Niederauer. The other Co-President, Catherine Kinney, a member of Georgetown University's Board of Directors, was in Paris working with NYSE-Euronext subsidiaries.

Bells have signified the opening and closing of the market since the 1870s. Initially, a Chinese Gong was used, but the brass bells heard today have been in use since 1903. It has become popular for companies listed on the NYSE to commemorate product launches by taking part in the opening and closing of the markets by ringing the same bells.

"It was an exhilarating and wonderful learning experience for our students," said Dr. Angel. "The NYSE-Euronext is going through some major evolution at the moment. It was great for the students to see it during this period of transition from a national stock exchange to a global multi-product company."

About the Robert Emmett McDonough School of Business

Georgetown University's McDonough School of Business is a premier business school located in the nation's capital. Founded in 1957 to educate undergraduate business students through the integration of liberal arts and professional education, the McDonough School today welcomes approximately 1,300 undergraduates, 620 MBA students, and more than 500 participants in its executive education programs annually. For more information about the McDonough School, visit http://msb.georgetown.edu

About Georgetown University

Georgetown University is the oldest Catholic and Jesuit university in America, founded in 1789 by Archbishop John Carroll. Georgetown today is a major student-centered, international, research university offering respected undergraduate, graduate and professional programs on its three campuses. For more information about Georgetown University, visit http://www.georgetown.edu