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Date: May 03, 2007
Hofstra Trading Room to be dedicated in honor of Martin B. Greenberg
Alumnus, trustee is founder, chair of Sterling Commodities Corporation
Hofstra University, Hempstead, NY – The Trading Room at Hofstra, a state-of-the-art facility that gives faculty and students access to the same market data, analysis and news available to professional traders in financial institutions, will be dedicated Monday, May 7 in honor of Hofstra trustee and alumnus Martin B. Greenberg.
The ceremony will take place at 2:30 p.m. in the Trading Room in C.V. Starr Hall, south campus. A reception will follow in the Libby and Joseph G. Shapiro Alumni House, south campus.
Mr. Greenberg, ’60, is founder and chairman of the board of Sterling Commodities Corporation. From 1987 to 1990 he served as a board member of the Commodities Exchange Inc., and later served as chairman of the board from 1990 to 1992. He is credited with turning around the fiscally distressed Commodities Exchange. Mr. Greenberg joined Hofstra’s Board of Trustees last fall.
The Trading Room opened in C.V. Starr Hall (a technologically enhanced classroom building) in January 2005 as part of the Frank. G. Zarb School of Business. The room features 34 dual-panel Bloomberg terminals that provide access to Bloomberg Professional data and information services. In August 2005, the room was equipped with a wall board and a ticker that displays data from various equity, fixed income, foreign exchange and derivatives markets. Two high-definition televisions allow for coverage of various financial television networks and market announcements.
The Martin B. Greenberg Trading Room, as it will be known, gives Hofstra faculty and students the ability to access and analyze a vast array of financial and economic data, apply analytical methods, conduct interactive trading simulations, and develop contemporary financial models. The structure and schedule of the facility is tied to courses and research projects in several disciplines, especially finance, business computer information systems and quantitative methods, as well as accounting, marketing and management.
As a Hofstra student (industrial accounting major), Mr. Greenberg was president of Student Council and was involved with freshman lacrosse, Student Government Association and the Accounting, Economics and Political Affairs clubs.
After graduating from Hofstra in 1960, Mr. Greenberg worked in the stock brokerage business, focusing on common stocks and underwriting. He worked for a family business for a decade, and between 1970 and 1976 held a few different positions in the fields of investment banking and importing. In 1976 he started his career as an independent floor trader at the Commodities Exchange. He founded Sterling Commodities in 1982.
Mr. Greenberg continues to serve on the J.P. Morgan Index advisory Board. His other professional affiliations include the United Nations Development Corporation from 1992 to 1995; Casino America in Biloxi, Mississippi, from 1993 to 1997; Westair Inc. in Fresno, California, from 1989 to 1991; and Landmark Bank in Hartford, Connecticut, from 1984 to 1987. He also served as a governor on the New York Board of Trade and as an advisor to Barrington Capital.
Mr. Greenberg is also an active philanthropist. "I feel I am incredibly fortunate. It is important to me to give back to the world that has given me so much," he said. He serves as an associate trustee for North Shore University Hospital, and in 1992 he received the Anti-Defamation League Metals Industry Man of the Year Award. In 1998 he established the Martin B. Greenberg Foundation Inc. to focus on charitable projects.
Hofstra University is a dynamic private institution where students find their edge to succeed in more than 140 undergraduate and 155 graduate programs in liberal arts and sciences, business, communication, education and allied human services, and honors studies, as well as a School of Law. With a student-faculty ratio of 14-to-1, our professors teach small classes averaging 23 students that emphasize interaction, critical thinking and analysis.
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