DFM opens trading floor at Dubai college
Dubai, January 30, 2012
Dubai Financial Market (DFM) has announced the launch of its new educational trading floor at Dubai Men's College, a leading initiative amongst the regional financial markets.
This development reaffirms the exchange's commitment to corporate social responsibility and continuous efforts to enhance the educational environment through linking theoretical studies with practical experience and offering the students an opportunity to learn interactively.
As a micro version of the DFM's main trading floor, the new educational facility at the college includes two screens and a ticker directly linked with the DFM's trading engine to display the trading activity and real time market data.
The walls of the trading floor have been designed to reflect the precise look and feel of DFM's trading floor, the bourse said in a statement.
As part of its plans to enhance the effectiveness of the educational trading floor, the DFM plans to regularly organize interactive workshops in co-operation with renowned experts to train students and deepen their knowledge of financial markets.
Jamal Ibrahim Al Khadhar, senior VP and head of Strategic Planning and Human Resources Division, said, 'The DFM is fully committed to corporate social responsibility on various levels and particularly through the high level collaborations with educational institutions in the UAE to fully support the educational efforts of these institutions and provide the necessary training for students to prepare them for the job market.'
'We believe the new educational trading floor undoubtedly cements the leading role of the DFM Stock Game, the most popular competition amongst school and university students in the UAE as we celebrate the 10th anniversary of the competition this year.'
'Additionally, this initiative is a key pillar of the DFM educational program aimed at preparing the new generation of investors.'
'The students can follow live trading and participate in the DFM Stock Game and win competition prizes. Most importantly, the planned workshops and seminars will provide them the opportunity to directly interact with the financial experts,' he added.
Al Khadhar said the DFM is currently putting the final touches on a similar project that will see the exchange inaugurating yet another educational trading floor at The American University in the UAE over the next two months.
Dr Leo Chavez, director of Dubai Men’s College said: “It is important for our students to understand both the opportunities and risks of stock market operations and the real life experience offered by the Educational Trading Floor is an excellent way to do this.'
'We look forward to building on our relationship with DFM in the future for the benefit of our students and the wider community,' he added.-TradeArabia News Service