Kolkata (West Bengal), January 14, 2016: In its endeavour to spread financial literacy among the students, Multi Commodity Exchange of India (MCX) along with Globsyn Business School organized an educational seminar on commodity futures market and its benefits in Kolkata on Wednesday, January 13, 2016.
During the seminar, there were extensive sessions on Introduction to Commodity Derivatives, Benefits of Hedging, History of Commodity Derivatives Markets, Regulation, and Economic Benefits of Commodity Derivatives, among others. The experts from MCX explained in detail about the functioning of Commodity Exchanges, and the need and importance of commodity markets in India.
Students were further briefed about MCX’s flagship training and certification programme on commodity markets, MCX Certified Commodity Professional (MCCP), which provides the necessary inputs required to get the participants well acquainted with the modalities of the commodities derivatives market in India.
Underlining the importance of spreading education on fast expanding commodity futures market Mr. Vibhor Tandon, Assistant Vice President-Business Development, MCX said, “Financial literacy is the cornerstone of a healthy and vibrant commodity futures market in India, and is strongly supported by MCX. The response received from the students of GBS has been really encouraging, which strengthens our commitment to further intensify our efforts in organizing more educational programmes, across the country, on commodity derivatives market and its significant role in the commodity ecosystem as instruments for price risk management.
Dr. Subir Sen, Dean, Globsyn Business School said “The students of Globsyn Business School greatly benefited from the insights shared by the experts from MCX about the commodity markets, its evolution in India and future directions. The students stood highly enriched when they were able to connect the missing dots between theory and application. It will surely help them in relating to the different dimensions of Finance.”
“Further, such initiatives taken by MCX to spread awareness on commodity derivatives market will surely go a long way in creating future generations of skilled manpower for commodity markets”, Dr. Sen added.
It was an excellent opportunity for the students to acquaint themselves with developments in the commodity futures markets in India. The students appreciated the interactive sessions, thereby gaining an insight into the commodity futures market. They opined that such sessions help them learn the practical aspects of the concepts they learn in classrooms and therefore such programmes should be conducted frequently.