On Friday, January 29, 2010, Indiana University cut the ribbon for 14 new Bloomberg terminals, bringing the school's total to 16. Nine of the terminals will be in use at the Kelley School of Business, in locations including the trading room and the MBA lounge. Terminals will also be available for faculty to check out for use in classes. The remaining terminals will be installed in Indiana University's foundation, treasurer's office, and in the joint business-public policy library.
Kelley has had Bloomberg terminals for a number of years, thanks to alum Robert Poll (MBA ’72), who is now president of the Kelley School of Business Alumni Association Board of Directors. In 2000, Poll introduced the school to Bloomberg terminals and funded the initial purchase of the machines because he views basic competency in Bloomberg usage as essential for students trying to get into the finance industry.
Expanding the total number of terminals on campus to 16 gives IU more terminals than any other university in the world. Travis Selmier and Chip Snively, directors of Kelley's Investment Management Academy, helped arrange for the expansion.
"The breadth and depth of information available on Bloomberg is astounding," said Selmier. "A team of some 30 people implemented this campus-wide rollout, one more example of Kelley’s, and IU’s, teamwork and global technology leadership position."
Ongoing training on the terminals will be offered by Bloomberg. Students will be able to earn certification from Bloomberg according to their level of proficiency in operating the system.
Kelley Dean Dan Smith cut the ribbon at an informal celebration. Bloomberg representative Colin Connaughton demonstrated some of the terminal's capabilities. In addition to providing detailed data on the stock market and up-to-the minute news, Bloomberg also provides real-time locations of cargo ships, with data on the products they carry, the crew, and various conditions; tracks the status of FDA-approved drug patents; and offers detailed restaurant reviews.