The Institute for Financial Markets (IFM), an affiliate
of the Futures Industry Association (FIA), today announced
its joint venture with Multi Commodity Exchange of India
(MCX) to develop commodity futures courses and educational
content to be delivered throughout India.
will be tailored to various stakeholders including investors,
traders, corporations, producers / processors, regional
trading centers, importers, exporters, co-operatives and
industry associations. Cooperation with Kent State University
also is planned to accredit certain types of derivative
courses(s) so that students will receive a US university-endorsed
IFM will provide the educational content, but will use
MCX insights to tailor the appropriate programs to meet
educational needs most in demand by the Indian market.
"MCX is a pioneer commodity futures exchange in India
and we applaud MCX's leadership in making this serious
commitment to education", said IFM's Jeff Morgan.
IFM / MCX steering committee on content comprise has already
been set up.
venture represents an important step forward in making
commodity futures markets better understood and more accessible,"
said Jignesh Shah, MD and CEO of MCX. He said that MCX
had always taken the lead in investing in training to
develop the commodities market organically and to enable
the stakeholders to benefit from the market with full
understanding. "This initiative aims to take Indian
commodities market and its stakeholders to the next level
of growth and development on the lines of global market,"
said Shah and added, "IFM is widely respected,
and education on risk management will enhance the economics
of agriculture and other commodities sector in particular
and Indian industry in general."