Haworth College of Business: Department of Finance & Commercial Law

CHICAGO -- A trio of Western Michigan University finance students got an up-close view of the world of stock markets and trading Wednesday on a trip to the Windy City.

Portage financial advisor Jeff K. Ross arranged a tour of the Chicago Board Options Exchange for the students, who are considering careers in the financial industry.

"I wanted these guys to see that no matter what aspect of the financial industry they go into, this is the hub," Ross said.

The CBOE was founded in 1973 as a place for investors to trade options, or contracts that give the holder the right to buy or sell securities, or stock in a company, at a set price at a later time.

Students Joe Hagg, Josh Alex and Christopher Schneider met with Will Ksander, the former vice president of operations for CBOE, Ross said. Ksander, who set up the first electronic system at CBOE that eventually replaced ticker tape, explained how technology has changed the exchange over the past 30 years.

"We got to see first hand the influence of technology on trading," said Schneider, a 22-year-old senior from Mattawan.

While there are still traders in a "pit" flashing hand signals to one another as they buy and sell options, 95 percent of transactions today take place electronically, Schneider said.




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Advising & Admissions Undergraduate Programs Graduate Programs Computing Services Alumni Connection Student Connection Corporate Connection Faculty & Staff Directory Departments About Haworth COB	WMU > Haworth COB> Finance & Commercial Law WMU finance students take the (trading) floor Posted by Alex Nixon \| Kalamazoo Gazette October 25, 2007 06:00AM Categories: Business CHICAGO -- A trio of Western Michigan University finance students got an up-close view of the world of stock markets and trading Wednesday on a trip to the Windy City. Portage financial advisor Jeff K. Ross arranged a tour of the Chicago Board Options Exchange for the students, who are considering careers in the financial industry. "I wanted these guys to see that no matter what aspect of the financial industry they go into, this is the hub," Ross said. The CBOE was founded in 1973 as a place for investors to trade options, or contracts that give the holder the right to buy or sell securities, or stock in a company, at a set price at a later time. Students Joe Hagg, Josh Alex and Christopher Schneider met with Will Ksander, the former vice president of operations for CBOE, Ross said. Ksander, who set up the first electronic system at CBOE that eventually replaced ticker tape, explained how technology has changed the exchange over the past 30 years. "We got to see first hand the influence of technology on trading," said Schneider, a 22-year-old senior from Mattawan. While there are still traders in a "pit" flashing hand signals to one another as they buy and sell options, 95 percent of transactions today take place electronically, Schneider said.	Majors/Minors Graduate Programs Course Descriptions Undergraduate Advising Hours Faculty Office Hours Graduate Advising Hours Academy of Finance Advisory Council Alumni Careers Internships Resource Links Scholarships

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WMU finance students take the (trading) floor

Posted by Alex Nixon | Kalamazoo Gazette October 25, 2007 06:00AM

Posted by Alex Nixon | Kalamazoo Gazette
October 25, 2007 06:00AM