UALR’s College of Business has received a gift of $41,550 from Arvest Mortgage Co. to provide the Bloomberg data system that enables financial professionals to monitor and analyze real-time financial market data movements.
Bill Roehrenbeck, chief executive officer of Arvest Mortgage and a UALR business graduate, said the gift will provide students and faculty access to the system’s price quotes, and messaging across its proprietary secure network for three years.
“Arvest Mortgage, under the leadership of CEO Bill Roehrenbeck, has demonstrated its commitment to preparing students to make significant contributions to Arkansas’ businesses,” said Dr. Anthony Chelte, dean of the College of Business. “The recent gift will provide students with direct experience with Bloomberg Terminals and financial analytics that will prepare them to add immediate value to companies like Arvest Mortgage upon graduation.
“The UALR College of Business appreciates Arvest Mortgages’ continuing support and remains committed to providing high quality business education and serving the economic development needs of Central Arkansas and beyond.”
Dr. H. Andy Terry, chair of the Department of Economics and Finance, said Bloomberg is one of the premier data sources for financial institutions and traders.
“The Bloomberg terminals will provide our students access to data that professionals on Wall Street use daily in real time,” he said. “In addition, they are a tremendous source of financial and economic data that should facilitate faculty research.”
Both the dean and the chair said the access to Bloomberg data should provide a real boost to the school’s specific effort to recruit more high-quality economics and finance students.