Mumbai, February 18, 2016: Multi Commodity Exchange of India Limited (MCX), India’s leading commodity exchange, and N L Dalmia Institute of Management Studies and Research, Mumbai, have entered into a memorandum of understanding (MoU) to jointly bring in another facet of financial literacy among its students. The initiative is directed toward commodity price risk management and derivatives market, which will empower and open new vistas for the students through several concerted efforts in the direction of financial-skill development.
MCX has signed MoUs with several educational universities and institutions in the recent past. It shows the exchange’s commitment toward financial literacy in commodity derivatives and its endeavour towards a broader reach. Keeping that in mind the exchange also offers its flagship training and certification programme on commodity markets, MCX Certified Commodity Professional (MCCP) programme examination in three languages—Gujarati, Hindi, and English.
Mr. P. K. Singhal, Joint Managing Director of MCX said, “This is the ninth such MoU signed by MCX with educational institutions since 2015. The initiative will further strengthen our efforts in not only spreading commodity market awareness among the students but also extensively helping in the creation of future generations of skilled commodity market professionals.”
Mr. Shailesh Dalmia, the Honorary Secretary of N. L. Dalmia Institute of Management Studies and Research said, “Our Institute aims at providing value based global business knowledge with holistic perspective and innovative thinking. In this context, our tie up with MCX will add value to our students’ competencies.”