The Bombay Stock Exchange today said that it has joined hands with the US-based, Options Industry Council (OIC) to educate the public about equity options.
The OIC is an industry co-operative funded by BATS Options, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, Nasdaq-OMX PHLX, Nasdaq Options Market, NYSE Amex Options, NYSE Arca Options and The Options Clearing Corporation.
OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options.
BSE and OIC will work together on educational offerings aimed at domestic investors such as sharing online content, case-studies, research and white papers promoting responsible use of options, the BSE said in a statement here.
In addition, OIC instructor and director of education at the International Securities Exchange (ISE) Steve Meizinger will lead a tour of live seminars on options trading throughout several cities at the beginning of this month.
The live seminars will be held August 2-6 in Mumbai, Ahmedabad, Kolkata and Delhi. "As our markets evolve, a growing number of investors are looking at adding options to their trading and investment portfolios. We believe that increasing awareness of the benefits and risks of these instruments through training and education is a critical responsibility in our efforts to grow our markets," BSE MD & CEO Madhu Kannan said.
"This partnership provides OIC with an excellent opportunity to expand options education throughout the country as we continue increasing our global outreach to help investors understand the benefits and risks of equity options," OIC president Gina McFadden said.