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UMT first university in East Coast with on-campus trading centre

UMT first university in East Coast with on-campus trading centre

Thursday, 17/03/2022

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Kuala Nerus, 17 March 2022 – Universiti Malaysia Terengganu (UMT) will be the first university in the East Coast to have its own trading centre.

UMT will set up the trading centre in collaboration with CGS-CIMB Securities Sdn. Bhd. Both signed a memorandum of understanding today in an event taking place on campus.

During the ceremony, Prof. Ts. Dr. Mohd Zamri Ibrahim, Deputy Vice Chancellor of Academic and International, representing UMT Vice Chancellor Prof. Dato’ Dr. Mazlan Abd Ghaffar, signed the agreement on behalf of UMT. Ruzi Rani Ajith, Chief Executive Officer of CGS-CIMB Securities Sdn. Bhd. signed the agreement on behalf of the company.

The trading centre, which is called UMT-CGS-CIMB East Coast Trading Centre, is one of the university’s initiatives to provide students with real-world trading experiences.

The size of the state-of-art-the-art centre is 1,800 square feet, and it can accommodate 80 people at one time. It has 12 computer terminals that can run CGS-CIMB iTrade simulation platform and delayed price feed.  

The establishment of the trading centre will provide a big impact to students’ development, said UMT Vice Chancellor Prof. Dato’ Dr. Mazlan Abd Ghaffar in his speech that was read by Prof. Zamri.

“Students will be exposed to the trading system and regulations as well as activities taking place at capital markets, allowing them to gain real-world experience,” he said.

“The centre will benefit 3,076 undergraduate and 493 postgraduate students from several programmes at the Faculty of Business, Economy, and Social Development, namely Economics (Natural Resources), Accounting, and Marketing degrees as well as Economics and Business Administration master’s degrees.”

He also said that UMT will be offering a number of new academic programmes.

The Bachelor of Finance will be offered by 2023, and the programme will be placed under the Faculty of Business, Economics, and Social Development. It will be offered in partnership with the Malaysian Financial Planning Council (MFPC), which will enable the exemption of Registered Financial Planner Modules 1 – 6.

The establishment of the centre will also provide positive impacts to the local community and UMT staff, in terms of investment education, Prof. Mazlan added.

 

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Universiti Malaysia Terengganu