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Director Jorge Pinto opens Nasdaq Stock Market, Dec. 11
NEW YORK, December 11, 2000 – The Nasdaq Stock Market® today honored Pace University’s Lubin School of Business for establishing its new Center for Global Finance. As part of the recognition, Jorge Pinto, the Center’s director, was on hand to open the Nasdaq’s trading day, at the Nasdaq MarketSiteSM on Times Square in New York City. Pinto punched the red button that ignites the MarketSite Wall, opening trading on Nasdaq for the week. Participating in the ceremony were Pace University President David A. Caputo and Lubin School of Business Dean Arthur L. Centonze.
“The new Center for Global Finance will capitalize on the Lubin School’s strategic location in the world’s financial capital, its academic expertise in finance and international business, and our relationships with alumni in the financial services industry,” said Dean Centonze. “The Center will enhance these strengths and serve as a vital link between the Lubin School and the global finance community.”
“We are fortunate to have Jorge Pinto join us as the director for the Center for Global Finance,” said Centonze. “He brings a wealth of international experience and ties to the business, political and academic communities worldwide.”
Jorge Pinto comes to the Lubin School from the Mexican Consulate in New York. During his time as Consul General, Pinto was responsible for implementing a general modernization and exponential expansion of the Consulate’s operations, such as the launch of the Mexican Government’s first Web site in 1995. Ambassador Pinto has offered conferences relating to Mexico’s current affairs and U.S.-Mexico relations. He spent two years as the executive director of the World Bank and three years as Ambassador of Mexico in Sweden.
“The Center will develop research and academic programs that respond to the challenges that the new and changing economic global environment is imposing on business today,” said Jorge Pinto.
In the summer of 1999, Pace University’s Lubin School of Business created one of the first campus-based trading and analysis rooms with support, in part, from a $50,000 in-kind gift from Nasdaq. It’s basic function is to simulate an actual Wall Street trading room, thus giving students exposure to financial data and risk management environments that exist in the real world. The facility contains Nasdaq Market Link and the Nasdaq Head Trader simulation, coupled with Bridge data to integrate the actual conduct of business with concepts taught in the classroom.
The Nasdaq MarketSite, which opened in December 1999, communicates to the world up-to-the-minute market information and provides public education on the financial markets. The Nasdaq Stock Market lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other U.S. market. Current market capitalization is $5.34 trillion. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States.
Pace University’s Lubin School of Business, with 5,800 students, offers undergraduate, graduate and doctoral degree programs, and hosts a number of research centers and institutes that extend its scholarship and teaching to a worldwide audience. The School is accredited by AACSB: the International Association for Management Education.
Pace is a comprehensive, independent University with campuses in New York City and Westchester County. More than 13,000 students are enrolled in undergraduate, graduate and professional degree programs in the Dyson College of Arts and Sciences, Lubin School of Business, School of Computer Science and Information Systems, School of Education, School of Law, Lienhard School of Nursing and the World Trade Institute.