The Hindu Business Line : Commodity derivatives course: NCDEX arm in pact

Mumbai, Aug. 28 NCDEX Institute of Commodity Markets and Research (NICR), a subsidiary of commodity exchange NCDEX, signed a memorandum of understanding with Institute of Management Technology (IMT), Ghaziabad on Tuesday to collaborate in knowledge creation and awareness in commodity markets and commodity derivatives.

Mr Sanjay Kaul, Director of NICR and Dr B.S. Sahay, Director of IMT, signed the agreement. Speaking on the occasion, Mr Kaul said the partnership would result in promotion of research on commodity derivatives and benefits arising out of futures trading. He stated that NICR would help IMT to introduce courses on commodity markets and derivatives and in related areas.

GENERATING INTEREST

Mr P.H. Ravikumar, Managing Director, NCDEX, said, commodity trading on the exchanges had witnessed substantial growth and there was huge requirement of skilled people. He hoped the collaboration with IMT would generate interest among management graduates to pursue commodity trading as a career.

Mr Sahay said that IMT would soon introduce courses on commodity derivatives and futures trading as there was growing interest among management students. The institutes would consider setting up a dedicated centre for research in the commodity markets and derivatives to be located at IMT. He said the institute was receiving inquiries from commodity brokerage houses for management students, who plan to take up commodity trading as a career.

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