Ireland's first virtual trading floor was opened at the Kemmy Business School, University of Limerick on 4 September by Niall FitzGerald, Deputy Chairman of Thomson Reuters.
Speaking at the opening, President of the University of Limerick, Prof. Don Barry welcomed the campus development in saying;
"The UL Trading Floor is the first facility of its kind to be purpose-built, from architect's blueprints, in any EU university. Greatly supported by industry, the UL Trading Floor at the Kemmy Business School is equipped with the latest trading and investment software to deliver high-speed, real-time global trading data. And this is thanks to Thomson Reuters, the leading global provider of financial information."
Pictured in the KBS Trading Floor, Dean of the Kemmy Business School, Prof. Donal Dineen, Niall FitzGerald, Deputy Chairman of Thomson Reuters, University of Limerick President, Prof. Don Barry.
The educational benefits of a campus-based trading floor are widely welcomed by prospective employers in the international financial services industry, in applauding the support received Prof Barry said; "In addition to the generous support of Thomson Reuters, we have also seen support for this facility from other such high profile companies including Susquehanna International Group, Dante and Hewlett-Packard. This illustrates clearly industry's enthusiasm for such a facility."
The KBS Trading Floor gives a commanding view of the global financial arena and provides a combination of news, information and insight as well as access to the global trading community.
Professor Barry highlighted the benefits of this facility to future students in saying; "The 'hands-on', learning-by-doing approach is an ideal way to prepare market-ready graduates for careers in a complex and obviously important sector of the global economy. This university's dynamic and pioneering approach has been upheld with the establishment of this wonderful facility."
Niall FitzGerald, KBE and Deputy Chairman of Thomson Reuters, formally open the facility. Mr FitzGerald said; "it is a pleasure to come to the Kemmy Business School, to be among a group of people who have served Irish academic and business life with such distinction...And among a group of people we hope will find similar distinction, whether on these shores or all around the world."
Following the opening, Niall FitzGerald, KBE and Deputy Chairman of Reuters delivered a lecture to a packed audience of postgraduate students and invited guests on "Restoring Trust in Business".
Speaking on the banking crisis Mr FitzGerald said "Things have gone so wrong, that the challenge now is to find a better way of doing business, to restore its reputation and to win back trust. We need a new generation of business leaders, a group with the courage to do things differently."
FitzGerald discussed the opportunities in the crisis in saying "What this crisis forces us to do - and this IS a good subject for business school - is to address the nature of business, what business is and what it can be.....It invites us to create a business world in which the world can have future trust and confidence, to rebuild our business institutions on stronger and sustainable foundations"
In reflecting on the attributes required for future business leaders, Mr FitzGerald said "There will still be big rewards for successful business people - but only in return for better leadership. We are looking for men and women who combine returns for shareholders with responsibility for social and environmental performance. These must be leaders not only of their business but also within society."
Full text of Niall FitzGerald's speech will be available on the KBS website shortly.