The SUNY New Paltz School of Business has installed a Bloomberg terminal in the Kenneth Pasternak Trading Room in van den Berg Hall. The terminal offers access to the Bloomberg Professional platform, the financial information and trading software in use by a majority of financial firms around the world.
“The Bloomberg Terminal is the state-of-the-art information and analysis tool in the field of business,” said Kristin Backhaus, interim dean of the School of Business. “Access to this technology will give our students a competitive edge in the job market and will help them to excel in their career.”
The terminal connects users to a network of 2.5 million financial professionals and an unparalleled source of market data, updated in real time. School of Business faculty have been given introductory training for using the terminal, with student training scheduled to begin March 11.
This new acquisition will benefit New Paltz business students in their current work and their future careers, as it gives them the opportunity to deepen and enrich research for classwork and develop marketable professional skills.
The terminal will also accommodate students who wish to work independently to complete Bloomberg Essentials Online Training and receive certification in any of four categories: equity, fixed income, foreign exchange and commodities.
“Our students can now take advantage of the opportunity to receive Bloomberg terminal certification demonstrating their advanced finance skills,” said Backhaus. “We are delighted to be able to offer this additional advantage to New Paltz School of Business students.”
Bloomberg literacy is listed by many companies as a preferred qualification for those seeking employment in finance.
“One of my students recently got an interview from a financial institution,” said Yuan Wen, assistant professor in the School of Business. “She told me one of the interview questions was, ‘Do you know how to use the Bloomberg terminal?’”
About the Kenneth Pasternak Trading Room
Dedicated with a lead gift from the Pasternak Family Foundation to the School of Business in 2007, the trading room is named for Kenneth Pasternak ’77. Pasternak began a successful career on Wall Street following his graduation from the College, and served as CEO of Knight Capital and on the NASDAQ Board of Directors. Pasternak joined the New Paltz Foundation Board in 2006 and has made periodic appearances on campus to speak with students over the years since.