CHAMPAIGN, Ill. – The College of Business at the University of Illinois at Urbana-Champaign was awarded a $1 million grant from the Chicago Mercantile Exchange (CME) Trust to support a markets information laboratory.
The laboratory, to be housed in the Business Instructional Facility under construction on the southwest corner of Gregory Drive and Fourth Street in Champaign, will conduct research on financial risk and markets and develop course work on the subject.
“The CME grant recognizes the high-quality education provided by the college and the important role it plays in educating the next generation of business professionals,” said Avijit Ghosh, the dean of the college.
The four-year grant was part of $4.75 million awarded by the CME Trust to five Illinois universities for education in financial markets. The other recipients are DePaul University, Northwestern University Kellogg School of Management, University of Chicago Graduate School of Business, and the University of Illinois at Chicago.
(l-r) Leo Melamed, former Chairman and CEO of the CME, Terry Duffy, current Chairman of the Board of the CME, David Ikenberry, Head of the Finance Department in the College of Business, Craig Donohue, the CEO of the CME, and Avijit Ghosh, Dean of the College of Business
First grants from Chicago Mercantile Trust total $10 million – Chicago Tribune