Course on commodity markets

Updated on: Tuesday, April 07, 2009

Since the establishment of the three National Commodity Exchanges in 2003, the commodity futures market has witnessed phenomenal growth with traded volumes crossing Rs. 40,000 billion in 2007-08. This has translated into increased opportunities in the commodity space with exchanges, brokerage houses, warehouses, clearing houses, etc. looking at augmenting their staff strength. The turmoil in stock markets has also contributed to the expansion of commodity futures markets as investors now realize the importance of portfolio diversification.

There is a growing need for investors to have a sound understanding of commodity futures markets to be able to reap the benefits of portfolio diversification. To capitalise on this, the NCDEX Institute of Commodity Markets & Research (NICR) has launched the NCDEX Commodity Certification Course, the country’s first and only e-learning programme. Says M. K. Ananda Kumar, Chief, Corporate Services, NCDEX, “This is a self-study e-learning programme on commodity markets.” The course material, a blend of printed study manuals and online access, is delivered over two segments.

The introductory segment introduces the learner to commodity markets and commodity derivatives, besides key concepts that form the base of commodity trading. The applied segment focusses on commodity price analysis (both fundamental and technical analysis) and trading strategies on the exchange (from the points of view of all market participants — hedgers, speculators and arbitragers).

The course also has an e-learning module which provides content through visual graphics, text, audio, and video.

It also requires human interaction through the use of online simulations and exercises that enable learners to hear, see and practise, thus increasing retention rate.

NICR has signed a Memorandum of Understanding (MoU) with Career Launcher under which CL will be conducting classes for the NCDEX Commodity Certification Course.

For more information visit : www.hindu.com

Course on commodity markets

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