Allegro Development, a Dallas-based firm that helps companies trade and track commodities, has donated a software package valued at $2.3 million to Wichita State University's new Koch Global Trading Center.
WSU students will use the software to better understand how to trade commodities, track their movement and measure risk throughout the process, said Michael Hinton, Allegro's chief customer officer and senior vice president of products and solutions.
“Currently, most students fresh out of college are not prepared to manage the complexities of a commodities system that involves end-to-end trading, risk and logistics,” he said in a WSU news release. “Our goal is to eliminate some of the learning curve that the industry absorbs and prepare these students for real-world scenarios.”
Wichita State is the first university with which Allegro has partnered.