The Exelon Trading Center was formally inaugurated on Thursday, Oct. 16, 2008. The center is a state-of-the-art simulated trading room with financial markets applications, historical and real-time data, accounting data bases, and market research applications.
Members of the University community, along with individuals from the business community, were invited to attend a morning session that recognizes the partnership between Exelon and the University.
After the dedication, students, faculty and selected administrators traveled to the New York Stock Exchange, where they were able to “ring the bell” at the stock market's closing at 4 p.m.
Representatives from Exelon Corp. and the University of Delaware rang The Closing Bell® at the New York Stock Exchange on Thursday, Oct. 16, in celebration of the University's state-of-the-art Exelon Trading Center.
Ringing the bell were Ian McLean, executive vice president for finance and markets at Exelon, and UD President Patrick T. Harker.
The Exelon Trading Center, inaugurated earlier in the day on the Newark campus, allows UD students to get real-world training without leaving the campus. Funded in part by a generous donation from Exelon, the center features information needed to trade commodities, specifically the purchase and sale of electricity in addition to securities.
McLean said Exelon is proud to partner with the University of Delaware to provide students with access to real-world learning tools that will help them address emerging issues. McLean said, “Such educational experiences will better prepare students to tackle tomorrow's exciting business challenges, challenges like using competitive energy markets to identify the most cost-effective solutions to global climate change.”
"The University of Delaware's partnership with Exelon is truly a winner for everyone," Harker said, "It provides our Lerner College of Business and Economics students with hands-on experience in the trading of commodities, gives them internship opportunities and allows our faculty members to work with professionals at Exelon."
The 2,200-square-foot educational trading facility is designed to replicate the trading floors in investment banks, brokerage houses and hedge funds on Wall Street. The center contains 16 classroom workstations, four research room workstations, an instructor podium and real-time feeds to two tickers and four LCD displays.
Exelon Corp., one of the nation's largest electric utilities with nearly $19 billion in annual revenues, has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic.