Post by Sapphire Capital on Aug 20, 2008 8:30:49 GMT 4
August 20, 2008
The Institute for Financial Management and Research (IFMR), in association with National Commodity and Derivatives Exchange Ltd (NCDEX), is planning to launch a certificate training programme in south India on commodity markets and derivatives.
The new programme is expected to commence by early October along with a new lab at the IFMR centre in Chennai.
The programme is targeted at participants with varying skill sets - corporates, traders, brokers, risk managers, and students.
This apart, IFMR will organise seminars, workshops and conferences on a range of financial topics to generate awareness, said RL Shankar, who heads the Centre of Advanced Financial Studies set up by IFMR to facilitate research in quantitative finance and economics.
“Large corporate houses and individuals have lost money in derivatives in the past mainly due to lack of awareness and knowledge. There is a significant void in formal training focused on derivatives and risk management and most of the training takes place on the job,” he said.
To fill this gap, the institute is launching a basic dealer certification programme with a duration of about 30 hours of which 10 hours will be lab-based.
The other is an advanced commodities professional certification course with a duration of 50 hours of which 20 hours will be lab-based. The minimum fee would be Rs 10,000 and the maximum Rs 15,000.
The lab-based sessions will be conducted at the new trading floor facility, which is expected to be inaugurated by early next month. The facility will have 26 trading terminals with live market data feed, said Shankar.
The institute is also in talks with various corporates and financial institutions like broking companies to offer the programme in a customised manner.
With the trading in commodity derivatives expected to rise sharply, he said there was a need for professional training.
“We believe we can address the gap by leveraging the intellectual capital capabilities of both IFMR & NCDEX.”
source: T E Narasimhan
The Institute for Financial Management and Research (IFMR), in association with National Commodity and Derivatives Exchange Ltd (NCDEX), is planning to launch a certificate training programme in south India on commodity markets and derivatives.
The new programme is expected to commence by early October along with a new lab at the IFMR centre in Chennai.
The programme is targeted at participants with varying skill sets - corporates, traders, brokers, risk managers, and students.
This apart, IFMR will organise seminars, workshops and conferences on a range of financial topics to generate awareness, said RL Shankar, who heads the Centre of Advanced Financial Studies set up by IFMR to facilitate research in quantitative finance and economics.
“Large corporate houses and individuals have lost money in derivatives in the past mainly due to lack of awareness and knowledge. There is a significant void in formal training focused on derivatives and risk management and most of the training takes place on the job,” he said.
To fill this gap, the institute is launching a basic dealer certification programme with a duration of about 30 hours of which 10 hours will be lab-based.
The other is an advanced commodities professional certification course with a duration of 50 hours of which 20 hours will be lab-based. The minimum fee would be Rs 10,000 and the maximum Rs 15,000.
The lab-based sessions will be conducted at the new trading floor facility, which is expected to be inaugurated by early next month. The facility will have 26 trading terminals with live market data feed, said Shankar.
The institute is also in talks with various corporates and financial institutions like broking companies to offer the programme in a customised manner.
With the trading in commodity derivatives expected to rise sharply, he said there was a need for professional training.
“We believe we can address the gap by leveraging the intellectual capital capabilities of both IFMR & NCDEX.”
source: T E Narasimhan