Student Literacy Programme on Commodity Markets organized by MCX & IIEST

Kolkata (WestBengal), February 10, 2016: Multi Commodity Exchange of India Ltd (MCX), in association with the Indian Institute of Engineering Science and Technology, Shibpur (IIEST), formerly known as Bengal Engineering and Science University organised a student literacy programme on commodity markets in Kolkata on February 8, 2015. It aimed at developing the conceptual understanding and fundamental knowledge of students with respect to Commodity Futures Markets. Moreover, the programme attempted to sharpen the skills of students in commodity futures trading and its rationale of price discovery and price risk management.

Students were briefed about MCX’s flagship training and certification programme on commodity markets, MCX Certified Commodity Professional (MCCP) offered in three languages—Gujarati, Hindi, and English, which provides the necessary inputs required to get the students/participants well acquainted with the modalities of the commodities derivatives market in India.

While delivering the inaugural address, Prof. S. K. Chakraborty, Professor-in-charge Training & Placement School of Management Sciences, IIEST discussed about the contribution of commodity markets in the Indian economy.

Mr. Vibhor Tandon, Assistant Vice President-Business Development, MCX said “Through these student literacy programmes, MCX aims at creating future generations of skilled manpower in commodity markets. We are hopeful that these programmes will throw open more prospects for the students to understand the commodity derivatives market and the vital role it plays in the commodity ecosystem as instruments for price risk management.”

Dr. Prabir Kumar Paul, Dean-Administrative Affairs Member of Senate, IIEST in his Special Address, spoke about the need for commodity awareness and training programmes to be organized across India. He further stated, “The programme supported with lucid presentations made by MCX experts evoked great interest among the participating MBA students. It enriched their academic knowledge with current orientation to money management. The students are expected to be largely benefited with the knowledge of Money Market, Futures, Price Discovery etc.”

It was a wonderful opportunity for the students to acquaint themselves with developments in the commodity futures markets in India.