Montana State University

Myles Watts to ring closing bell of NYSE on July 9

July 3, 2013 -- MSU News Service


MSU economist Myles Watts will ring the closing bell of the New York Stock Exchange on July 9. (MSU photo by Kelly Gorham).    High-Res Available

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MSU News Service
Tel: (406) 994-4571
msunews@montana.edu

BOZEMAN -- A Montana State University economist will ring the closing bell of the New York Stock Exchange on Tuesday, July 9.

Myles Watts, a professor in the Department of Agricultural Economics and Economics, said he and Tim Buzby, president and CEO of Farmer Mac, will ring the bell at 2 p.m. Mountain time in honor of the 25th anniversary of the Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac.

Farmer Mac is a publicly owned company traded on the New York Stock Exchange. Watts was appointed to the Farmer Mac board in 2010 by President Barack Obama. He is now vice-chairman of the board.

“It will be fun,” Watts said of the bell ringing.

The New York Stock Exchange used to use Chinese gongs to open and close the trading day. For the past 110 years, the NYSE has used brass bells.  When Watts and Buzby ring the bell, it will signal the end of another day of trading. Someone else will ring the bell to open the day’s trading.

The bell ringing will be televised and photographed, Watts said. The public can watch it live at https://nyse.nyx.com/the-bell/todays-bells-live or view it on TV networks, such as Bloomberg TV, CNBC or Fox Business News.

 

 

 

Evelyn Boswell at (406) 994-5135 or evelynb@montana.edu