Kolkata, October 09, 2015: Multi Commodity Exchange of India Ltd (MCX) organised an awareness programme for Calcutta Management Association (CMA) at the Heritage Business School, Kolkata, West Bengal, on Friday, October 09, 2015 for students and academicians. The programme focussed on fundamentals of commodity markets, importance of commodities in the financial ecosystem and price risk management in commodities using exchange futures.
The experts from MCX explained to the students about the functioning of commodity exchanges, benefits of commodity futures, and approach to price risk management. They also gave an insight into the technicalities of the commodity markets with respect to the products, price discovery, transparency and risk management mechanism in trading and settlement of transactions.
They highlighted that just as insurance offers financial cover against specified risks, hedging offers producers, consumers, traders and all other stakeholders a financial cover against the risk of commodity price fluctuations. Thus, to reduce the risks of price fluctuations, commodity stakeholders trade on commodity derivative exchanges.
Mr. Vibhor Tandon , Assistant Vice President – Business Development-MCX said, “MCX has been at the forefront of educating various educational institutions by conducting awareness programmes on Commodity futures markets and commodity price risk management as part of its Financial Literacy campaign”.
Mr. Ramen Barua, Director, CMA said, “It was an excellent programme that MCX has conducted on commodity market. There should be more such awareness programmes conducted by MCX to educate the student community about the importance of Commodity markets in the financial ecosystem”.
MCX offers its flagship training and certification programme on commodity markets, MCX Certified Commodity Professional (MCCP), which is the ideal beginner’s programme for pursuing a career in the commodities derivatives market. The course is designed to provide the necessary inputs required to get the participants well acquainted with the modalities of the commodities derivatives market in India. It covers the entire gamut of commodities derivatives market providing enough domain knowledge and professional expertise.
Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities. The exchange has forged strategic alliances with various international exchanges, as well as Indian and international trade associations. For more information about MCX and its products visit www.mcxindia.com.
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