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College of Business gets $1 million grant for markets information lab

Mark Reutter, Business & Law Editor

Released 12/18/2006

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.