NCDEX Institute of Commodity Markets and Research (NICR) signed a Memorandum of Understanding (MoU) with Institute of Management Technology (IMT), Ghaziabad on Tuesday to collaborate in knowledge creation and awareness in commodity markets and commodity derivatives.
The agreement was signed by Sanjay Kaul, director, NICR and BS Sahay, director, IMT. ?The partnership will result in promotion of research on commodity derivatives and benefits arising out of futures trading,?Kaul said.
He said that NICR will help IMT to introduce courses on commodity markets and derivatives and in related areas. ?Commodity trading on the exchanges had witnessed substantial growth and there was urgent requirement of skilled people,? said PH Ravikumar, MD and CEO, NCDEX. He said, ?I hope that the collaboration with IMT will generate interest among management graduates to pursue commodity trading as a rewarding career.?
IMT will soon introduce courses on commodity derivatives and futures trading as there is a growing interest among management student. Both the institutes are planning to set up a dedicated centre for research in commodity markets and derivatives, Sahay said.
He mentioned that the institute is receiving inquiries from leading commodity brokerage houses for management students who aspire take up commodity trading as a career.