Thanks to a relatively new facility the university is touting as the the first and only of its kind in the English-speaking Caribbean to date, students at The University of the West Indies (UWI), Mona have ready access to real-time financial market data for the purpose of creating their own investment portfolios and developing trading strategies for educational purposes.
It's a finance lab housed in The Mona School of Business and Management (MSBM). Commissioned in October 2015, the lab features Bloomberg terminals domiciled on the campus and Stock Trak © Global Portfolio Simulator — a virtual trading platform that can be accessed with Internet connectivity.
It provides a range of services that include analytics, communication and a wide array of economic data.
According to Dr Twila-Mae Logan, acting deputy executive director at MSBM, “The Bloomberg terminals are exactly the same that are available to traders and other market users in the real world of finance. However, we have an educational licence, hence, some of the features are disabled. Notwithstanding this, the vast majority of the features and all the ones that are required to fully expose participants to functionalities of the real world and for classroom instructions are available through the lab.”
With the Bloomberg terminals, students have access to up-to-the minute news from around the world, including Jamaica. The terminals also offer an array of information on financial matters like volatility indices, global benchmarks, all the major market indices, a trading platform, and a wide range of portfolio analysis tools.