Students Benefit From Hands-On Experience at the NYSE and the NYMEX
Students Benefit From Hands-On Experience
at the NYSE and the NYMEX
Students arrived in New York City bright and early Friday morning, April the 2nd, with eyes wide open in anticipation of visiting the New York Stock Exchange and the New York Mercantile Exchange. First up on their travels was the NYSE, where they received a brief lecture by a representative of the research department on the history of the NYSE. Following the lecture students learned “inside” stories about insider trading cases revealed by the vigilant Market Surveillance at the NYSE. Students enjoyed the lectures which gave them the opportunity to ask representatives detailed
questions about each system.
After learning about the history and Market Surveillance of the NYSE, students headed for the NYMEX, an action-packed exchange. Ben Pike, Vice President of the Investment Club, was ecstatic after viewing the NYMEX. He said, “The NYMEX fulfilled all of my expectations; the trading pits were chaotic and filled with brokers and speculators yelling and making wild hand motions in order to be heard over one another.” Students were then given the fascinating opportunity to go on the floor of the NYMEX and participate in a mock trading session.
The visit to the New York Stock Exchange and the New York Mercantile Exchange proved to be an incomparable experience for SU students from the M.J. Whitman School of Management. The trip offered students a hands-on learning experience as well as a first-hand look into the organization and operation of the New York exchanges. After seeing how the New York exchanges function, Mihail Ushakov, a Ph.D. student, said, “I became aware of details of the trading process that you can’t learn in class or see in a typical textbook.” Participants agreed that they would definitely go again if given the chance and highly recommend the trip to those interested in the financial markets. Visiting the New York Stock Exchange and the New York Mercantile Exchange provided students with an opportunity to feel the energy at two of the world’s major financial markets.
- Zack Steiner