Sector Focus: Finance
Students test their skills on the trading floor
Teams from three schools across the city have been given a taste of the fast-paced world of financial trading at an event held at Sheffield Hallam University. The inaugural Sheffield Business School inter-school financial
trading competition aims to give A-Level and GCSE pupils a taste of life as a financial trader, using Bloomberg terminals that are used on Wall Street and the London Stock Exchange, to buy stocks from FTSE 100 companies using virtual money. In teams of eight, each student was given ‘£1 million’
to invest as they saw fit, following training and an economic forecast from Drew Woodhouse, Lecturer in Economics; Firoz Bhaiyat, Principal Lecturer in Banking, Investment and Financial Management and Gary Stead, Senior Lecturer In Accounting. Drew said: “Not many schools have access to this kind of
‘Not many
schools have access to this kind of
technology’
technology so it’s a real privilege for us to invite them here and give them a chance to put their knowledge into practice. This is at the heart of what we do as a university.” After four weeks, the team that has made the most income from their
investments from either King Ecgbert School, Birkdale School and Winterhill School will each receive a £50 gift card – with a £100 gift card up for grabs for the individual highest trader. Henry Burgin, an A-Level economics student at King Ecgbert School, said:
“It was an enjoyable and interesting day getting a better understanding of how trading works in the real world with a compelling competition.”
David Horner, Economics teacher at Birkdale School,
said: “So many of the students are interested in this as a potential degree, so to come here and see how the world of financial trading works is extremely valuable for them.” Dr Rob Wilson, Head of Department for Finance, Accounting & Business Systems, said: “It’s engagement with schools and colleges on activities like the trading competition that can help us to demonstrate the importance of learning about the finance industry, whether that’s to encourage students to study and work in the sector or simply to help support
their own personal financial choices in life to secure their future. “The Sheffield Business School has a unique programme offer for
students wishing to find a career in the finance, banking and investment industry. Our Financial Trading and Investment Management degree, a UK first, provides students with the opportunity to learn how to trade stocks and shares for real, alongside their work on the Bloomberg terminals while our new BSc Finance programme allows students to choose from a range of banking and investment modules to tailor make their degree.”
Belmayne strengthens team of experts
Dronfield-based financial planners Belmayne are strengthening their team of professionals with the appointment of a new experienced Adviser. Cathy Smith has joined the independent firm to meet growing demand for its services, while retaining the level of client care for which it is renowned. Personal Finance Society member Cathy is adding her expertise to Belmayne’s partner-led team, along with a bank of new clients, with whom she has forged trusted relationships. Belmayne Partner Martin Birch
said: “We are really pleased to welcome Cathy to the firm. Her values are closely aligned with ours – she takes time to understand what matters most to clients and provides easy to understand advice that is unquestionably in their best interests. We have every confidence that her extensive experience and approachable nature will be real assets.” As part of Belmayne’s plans for
growth, qualified advisers are invited to join the firm and extend the services it offers to local residents.
To arrange a discussion about the opportunities available, email
martin.birch@
belmayne-ifa.com
Martin Birch welcomes Cathy Smith to the firm
Winter 2020 CHAMBERconnect 77
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