Multi Commodity Exchange of India (MCX) along with Globsyn Business School organised an educational seminar to spread financial literacy in Kolkata. The seminar had a detailed discussion on commodity futures market and its benefits and focused on topics like:
- Introduction to Commodity Derivatives
- Benefits of Hedging
- History of Commodity Derivatives Markets
- Economic Benefits of Commodity Derivatives
- Commodity Exchanges
- Need and importance of commodity markets in India.
Vibhor Tandon, Assistant Vice President-Business Development, MCX said, "Financial literacy is the cornerstone of a healthy and vibrant commodity futures market in India, and is strongly supported by MCX. The response received from the students of GBS has been really encouraging, which strengthens our commitment to further intensify our efforts in organizing more educational programmes, across the country, on commodity derivatives market and its significant role in the commodity ecosystem as instruments for price risk management."
Apart from the financial knowledge, students were further briefed about MCX's flagship training and certification programme on commodity markets, MCX Certified Commodity Professional (MCCP), which provides the necessary inputs required to get the participants well acquainted with the modalities of the commodities derivatives market in India.