Cutting-edge contribution

Bloomberg financial terminals are bread and butter to Wall Street traders and portfolio investors worldwide. And now students from several colleges in the region will be able to use them, too.

Sarasota-based financial firm Cumberland Advisors and Cumberland's founder and Chief Investment Officer David Kotok recently donated 12 Bloomberg terminals to the University of South Florida Sarasota-Manatee. The gift equals about $60,000 and pays for a one-year subscription to the Bloomberg system, according to a statement.

Cumberland Advisors Managing Director and Director of Marketing Sharon Prizant says they use Bloomberg terminals in their office, and they wanted students in the area to have the same kind of access.