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. 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 focuses 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 practice, thus increasing retention rate. The module is accessible on a 24/7 basis.
NICR has signed a Memorandum of Understanding (MoU) with Career Launcher under which CL will be conducting classes for the NCDEX Commodity Certification Course. In the initial period, these classes will be conducted at various centres in Delhi, Gurgaon, Noida and Rajasthan.
More than 250 candidates have already registered for the demo online e-learning course, and over 50 are pursuing the course.
How to register: Log on to the course website http://ncdexcourse.nicrindia.com; fill a simple registration form; pay online using a credit card or by way of a demand draft.
On receipt of payment, online access is activated and the books are also despatched by courier to the learner.BINDU GOPAL RAO