Technology Brings Wall Street to Scranton

Technology Brings Wall Street to Scranton

    The Irwin E. Alperin Financial Center is a simulated trading floor, with computer stations and software configured to facilitate sophisticated analysis and simulated real-time trading of equities and foreign currencies. 

    Surrounding the lab on three sides is a massive 107-foot-long Rise Vision ticker showing a constant stream of stock values fed from the New York Stock Exchange.  Four 57-inch LCD screens are mounted on the walls -- each displaying a mix of regional, national, and international financial news and stock quotes, along with internal messages.

Bloomberg logo

 The lab has a dozen Bloomberg terminals, which make financial analysis and portfolio management accessible at the highest levels to Kania School students and faculty.  The exposure to the nuances of real-time and historical fluctuations in the values of an array of investment options – from stocks and bonds to currencies and derivatives – brings the theories of investment into living color.

 Students are able to:

  • monitor the performance of a portfolio throughout the day
  • break down a portfolio by industry
  • observe the contributions to portfolio performance of specific sectors or stocks
  • upload two years of history
  • individually analyze the securities that make up any asset class
  • generate price charts
  • produce real-time reports of financial and other markets.
   The Kania School opened the center in 2009. The development was made possible by a generous donation from the Alperin family, in honor of the late Irwin E. Alperin, a benefactor and dedicated friend of The University of Scranton and a driving force in the economic growth of Scranton and Northeastern Pennsylvania.  Through his company, Alperin, Inc., and the various organizations affiliated with it, Mr. Alperin provided employment opportunities for local residents, while also generously extending his philanthropic reach into the community.  He established the Alperin Chair, the first chair in the Kania School of Management, as well as a scholarship that provides financial assistance for outstanding students who otherwise might not be able to pursue a college education.

    Ms. Jane Alperin, president of Kingston’s Jane Leslie & Co., a member of the Kania School Advisory Board and a daughter of the late Irwin E. Alperin, led a successful effort to increase to 12 the number of Bloomberg terminals in Brennan Hall, nine of which are housed in the Alperin Center.