| Topics |
Sessions |
Faculty |
| A
- Understanding of Commodity Markets
& Trading |
| |
| Introduction to
course and Multi Commodity Exchange.
Introduction to commodities markets,
Historical perspective and growth
of global and domestic development
of commodity markets, Regional
and National level commodity exchanges,
types of commodities traded |
3 |
Welingkar / MCX |
| |
| General introduction
to MCX, its set up, trading operations
in MCX, membership issues and
fees structure, registration procedure,
etc. |
1 |
MCX |
| |
| Regulatory issues,
Regulation of Indian commodity
exchanges, FMC and its role. Role
of Government in promoting commodity
trading; recent policy and regulatory
measures and changes. |
1 |
GuestLecture |
| |
| Important Indian
& Global Commodity Exchanges,
contracts traded on them, special
features of these exchanges if
any. |
1 |
Welingkar / Guest |
| |
| Role of Banks and
Warehousing in Commodity Markets |
1 |
Guest |
| |
| Foreign Exchange
& Commodity Markets, FDI,
possible role of FIIs in Commodity
Markets, potential impact of FII's
role in Indian Commodity Markets, |
1 |
Guest |
| |
| Trading in commodity
futures Markets, market mechanism,
role of brokers/members, trading
strategies, pricing, margin requirements,
settlement process, delivery mechanism,
compulsory delivery and its impact |
1 |
MCX |
| |
| B
- Market Mechanism, Risk Management,
Derivatives and Strategies using
Derivatives |
| |
| Introduction to
derivatives products: Meaning
and definition- spot and forward
Market, hedging & speculation,
Arbitrage, Swaps. |
1 |
Welingkar / MCX |
| |
| Introduction to
commodity futures, their types,
pricing, features of futures trading,
concepts of open interest, close
out, mark-to-market practice,
margins, etc. |
1 |
MCX |
| |
| Strategies using
futures to hedge risk, with examples |
1 |
MCX |
| |
| Introduction to
options, their types, features,
pay off profiles for put and call
options |
1 |
MCX |
| |
| Strategies using
options to hedge risks, using
long and short positions, spreads,
straddles, strangles, etc. with
examples. |
1 |
MCX |
| |
| Operating mechanism
of commodity exchanges in India. |
1 |
MCX |
| |
| Risk Management
& surveillance mechanism for
commodity futures trading through
commodity exchanges. |
1 |
MCX |
| |
| Clearing, Settlement
and delivery mechanism in commodity
exchanges |
1 |
MCX |
| |
| Risk in commodity
trading, commodity price risk
management, importance and need
for risk management measures,
value at risk case studies |
1 |
Welingkar |
| |
| Stock market operations
and comparison of stock and commodity
markets |
1 |
Guest |
| |
| C-
Trading practices, Opportunities
and Simulation |
| |
| Fundamental analysis
on selected commodities |
4 |
Welingkar |
| |
| Technical Analysis
& its relevance to commodity
trading |
3 |
Welingkar |
| |
| Case studies of
four selected commodities |
4 |
MCX |
| |
| Hands on trading
experience / mock trading / simulated
games in commodity futures on
four selected commodities |
4 |
MCX |
| |
| Accounting and
Taxation issues for commodity
derivatives, Service tax and Stamp
duty issues |
1 |
Welingkar |
| |
| Projects and Presentations |
3 |
Welingkar |
| |
| Sample Questions
Discussion |
1 |
MCX |
| |
| Visit to a commodity
exchange for Mumbai participants
only. |
1 |
MCX |
| |
| Total
Number Of Sessions |
39 |
|
| |
| Sessions
on hands on practice in commodity
trading will be held only during
the weekdays in the evening for
both the morning and evening batches.
Such sessions will be of longer
duration and may start earlier
than the regular timing for the
evening batches. |
