20 crore grant for Finance Research to IIMC

Updated on: Thursday, March 03, 2011

The Financial Research and Trading Lab (the Finance Lab) of IIM Calcutta received a grant of Rs 20 crore from the Union Finance Ministry in the 2011 budget. This lab uses a simulator to simulate trading in financial markets using actual prices. The Lab resources can be used to develop, test trading algorithms, and identify market abuse.

The grant from the Union Finance Ministry of Rs 20 crore will help the Lab grow into a world-class centre of excellence. In order to achieve this stated objective, the lab needs to significantly augment its physical infrastructure and procure international database and software.

From designing market surveillance tools that will help track market abuse, testing financial innovation, tracking the commodity market, working on news analytics to identifying skills and training needs of financial sector, the lab will offer a host of services to boost the Indian economy.

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