An action-packed Spring Break on Wall Street for nine UTC business students began with a tour and a meeting at the New York Stock Exchange. Lauren Templeton, Director of the Finance for the Future Initiative at UTC, also arranged a meeting at Galtere, managed by Renée Haugerud. Finance for the Future Initiative (FFI) donors are Renée Haugerud and UTC alumnus John Murphy.
“At Galtere, students were treated to a presentation by two of Galtere’s analysts/traders. Renée Haugerud and John Murphy also took time to speak to the students and answer questions about the FFI program,” Templeton explained.
Students Christopher Beechwood, Kristopher Brady, Zakary Clift, Antonio Devaughn, Desiree Disterdick, Jerry King, Beata Knizat, Jonathan Whicker and Stephanie Wilcox toured the new Bank of America/Merrill Lynch headquarters and visited several of the trading desks, “which were actually rooms the size of football fields and made a huge impression on the students,” Templeton added. There, students learned the difference between buy side and sell side firms and discussed different career paths at the organization with their representatives.
Students also enjoyed touring and meeting executives at: UNX, an independent trading technology firm and agency broker; Liquidnet, which brings together the world’s largest asset managers and public companies on a single network that directly connects traders, portfolio managers and corporate issuers; and Cheuvreux/CLSA/ Credit Agricole. On the last day of the trip, the students toured the New York Mercantile Exchange (NYMEX), the world‘s largest physical commodity futures exchange.
“The tour of the NYMEX was very exciting as students were able to see sugar and cocoa trade through the traditional open outcry method in their designated pits,” Templeton said. “Later, at Bloomberg, students met with representatives from human resources to discuss internship and employment opportunities.”
The students attended a presentation by Bloomberg economist Richard Yamarone titled “Economic Indicators to Watch for Signs of Recovery.” They then took a tour of Bloomberg’s state of the art corporate headquarters before heading back to Chattanooga.