The opening ceremony of the Bloomberg Financial Research and Training Lab (Bloomberg Lab) was held on April 17, 2019 at Westminster International University in Tashkent (WIUT). Bloomberg is one of the leading providers of financial information and data for professional participants in financial markets.
The Bloomberg Lab is equipped with 12 Bloomberg Terminals, through which users are able to access current and historical stock prices, currency exchange rates and quotes on world exchanges and many over-the-counter markets. Also available on the Bloomberg Terminal are news feeds and other real-time media resources.
Bloomberg has created a special project for higher education institutions - Bloomberg for Education, which provides a "dealing room" environment at higher educational institutions. This allows university students to learn about real-time financial markets operations.
Representatives of the Ministry of Finance of the Republic of Uzbekistan, the Republican Stock Exchange, the Central Bank of the Republic of Uzbekistan and commercial banks of Uzbekistan, as well as the administration, faculty and students of WIUT attended the opening ceremony. The main (foreign) guests in the opening ceremony were Bloomberg representatives from London, UK.
“The opening of the Bloomberg Laboratory will help students and teachers gain practical skills through the use of innovative learning and teaching methods in the fields of economics and finance. This is a new step towards modern education, as well as a great contribution to the development of the research focused on the financial markets. Skills in using tools and resources from Bloomberg will give university graduates an advantage in professional activities”, WIUT’s rector Komiljon Karimov said. Also, the rector of WIUT noted: “This is the first such laboratory in Uzbekistan. We hope that our university will become a hub for conducting modern trainings and master classes in financial areas such as financial risk management, market instruments analyst, trading, macro-financial analysis.”
The event included a brief workshop on the use of Bloomberg Terminals, where representatives of ministries and banks were able to master the basic functionality of the Bloomberg financial markets suite.