Finance students gain insight into Chicago’s Financial Markets

On March 22nd, Dr. Frank Rose took a group of business students to the Chicago Financial Markets.  The students visited the CME Group, the world’s largest derivatives exchange company; as well as the Federal Reserve Bank of Chicago, and TransMarket Group, a leading Chicago trading firm.  Students met with the CME Group’s Chief Operating Officer Bryan Durkin, Lewis alumnus, to discuss the role of the exchanges in the global financial markets and his responsibilities at CME.  Dan Lewis, another Lewis University alumnus, hosted the portion of the trip at TransMarket Group explaining his responsibilities as a trader at the firm.  The students continued to expand on what they have learned in the classroom when they sat down with current finance student Steven Schoiber, who is working as an intern at the CME Group, and Lewis College of Business graduates Neil VanHuis and Chris White who trade at a firm recently established by Neil VanHuis himself.

 

Team of Lewis Graduate Students Participates in the CME Group’s Commodity Trading Challenge

Three students from Lewis’s Graduate School of Management are currently competing in the 2013 Commodity Trading Challenge sponsored by the CME Group in Chicago.  In the four-week competition ending on March 15th, teams from U.S. and foreign colleges and universities trade Crude Oil, Gold and Corn futures electronically in a simulated trading environment.  The Lewis team – William Cannon (MSF program), Miguel Guerrero (MBA) and Dean Schumacker (MBA) - is competing against over 300 other teams.  Members of teams with the highest dollar balances in their trading accounts at the end of the competition receive cash prizes and are eligible for paid internships at the CME Group.  The three Lewis students took Dr. Frank Rose’s Deriviatives I and Derivatives II courses in the fall 2012 semester.  The Commodity Trading Challenge affords them the opportunity to apply and extend their knowledge of the derivatives markets with a hands-on trading experience using a real-time professional trading platform.

Scholars Luncheons

The College of Business would like to announce that we will begin hosting periodic “Scholars Luncheons.” During this event, the faculty from the College of Business and other colleges at Lewis will present the results of their research and scholarly work for discussion.  The first luncheon will be on Wednesday, November 28th, from 1:00 – 2:00 pm located in Benilde Hall room BE164.  Dr. Elizabeth Hoppe of the Philosophy Department will present her paper, “The Ethical Dimensions of Regulatory Capture.”

Dr. Frank Rose attends “Reviewing Mission and Identity in Catholic Business Education” Conference

Dr. Frank Rose, Associate Professor of Finance, attended “Reviewing Mission and Identity in Catholic Business Education,” June 18-20, 2012 at the University of Dayton. It was the Eighth International Conference on Catholic Social Thought and Management Education.

Dr. Frank Rose attended the conference at the invitation of Kurt Schackmuth in the Office of the Provost. The conference was attended by approximately 160 academics from around the world. Countries represented included Peru, Spain, Cameroon, Mexico, the Netherlands, Switzerland, Tanzania, Brazil, Argentina, the Philippines, India, France, Hungary, Germany, Ukraine, and Nigeria. Universities from our area represented included Benedictine, Dominican, Saint Xavier, Notre Dame, St. Louis, and Marquette.

The purpose of the conference, as stated by the organizers from University of St. Thomas in St. Paul, MN, was “to examine creative venues to energize mission-driven business education in Catholic universities by exploring ways to deepen and revitalize culture and institutionalize mission and identity.”

Dr. Rose found the conference to be quite stimulating and thought-provoking. He now has a much better understanding of Catholic social teachings and their intellectual underpinnings.

For more information about the conference, please visit the website below. http://www.udayton.edu/events/international_conference/

Finance and MIS Professors participate in summer program

Dr. Frank Rose and Dr. Ibrahim Mescioglu participated in the “Equipping Strategic Professors” program sponsored by the J. Dennis Hastert Center for Economics, Government, and Public Policy at Wheaton College July 18-22. Dennis Hastert, former Speaker of the House of Representatives, graduated from Wheaton. The specific title of this program session was “Economic Foundations of Derivatives, Futures, and Options Markets in Today’s Global Economy.” The program was taught by Dr. Michael Hemler of the Mendoza School of Business at Notre Dame. Dr. Rose found it to be a very informative and stimulating week. He initially applied to the program for two reasons – to improve his understanding of futures, option and swap pricing models, and to get some fresh perspectives on how to structure and teach derivatives courses at Lewis.

Dr. Frank Rose attends conference, summer program, reviews book

Dr. Frank Rose attended the 2011 Annual Conference and Expo of NAFSA: Association of International Educators on May 31 to June 3, 2011. This was the 63rd annual conference of this association, whose mission is to “serve international educators and their institutions and organizations by establishing principles of good practice, providing training and professional development opportunities, providing networking opportunities, and advocating for international education.” Approximately 9000 international educational professionals from around the world attended the conference.

Dr. Rose benefited from the conference in three ways – i) the sessions helped him understand how other schools are approaching international education, ii) he learned more about helpful resources available to international educators and university administrators from NAFSA itself and other institutions, educators and researchers, and iii) he made some interesting contacts.

Dr. Rose also reviewed a draft second edition of Finance; Applications and Theory, a finance textbook written by Marcia Cornett, Troy Adair and John Nofsinger. The
text is published by McGraw-Hill. This new edition is expected to be released in October 2011.

June 19th – 24th, Dr. Rose attended “Teaching Peace in the 21st Century”, a summer program for university faculty sponsored by the Kroc Institute for International Peace
Studies at the University of Notre Dame. Jim Burke (Theology), Christie Billups(Theology) and Tracey Nicholls (Philosophy) also attended the program.

Peace studies is an interdisciplinary academic field, with a focus on i) understanding the causes of violent conflict (e.g., war, genocide, terrorism, gross violations of human rights), ii) seeking ways to prevent and resolve it, and iii) contributing to the development of peaceful societies by educating students and engaging with policymakers. The first peace research institutions were established in Europe 50 years ago. The Kroc Institute estimates that today there are about 400 undergraduate peace studies programs of one kind or another around the world, along with a number of MA and PhD programs.

“Dr. Frank Rose, Associate Professor, Finance, contributed two articles to the November issue of “Food Outlook”, a biannual publication of the Food and Agriculture Organization of the United Nations (FAO). The articles are entitled, “The 2011 Price Peaks in the Maize, Wheat and Soybean Futures Markets; An Update on Investor Participation” and “Recent Patterns of Investment in Crude Oil and Metals Derivatives Markets, with Comparisons to Grains and Oilseeds Derivatives”. The FAO is an arm of the United Nations focusing on issues relating to global nutrition, agricultural productivity, and food prices.”