DU students to get a taste of market
Finance students of Delhi University will soon get a chance to trade in the commodities market with real time prices, reports Swaha Sahoo.delhi Updated: Sep 24, 2008 00:55 IST
Finance students of Delhi University will soon get a chance to trade in the commodities market with real time prices. The first of its kind training programme in the country will be implemented through the National Commodity & Derivatives Exchange Limited (NCDEX), a professionally managed online multi-commodity exchange.
“NCDEX has tied up with DU’s Department of Financial Studies (DFS). They will invest in the setting up the infrastructure and software,” said Prof Muneesh Kumar, who teaches International Business at the department.
NCDEX will also train students to mock trade on its exchange. “NCDEX will set up a ticker so that students are aware of the real time price of the commodities they are trading in. But they will only practice mock trading and will not be dealing with real money,” Kumar said.
It is a unique opportunity for students who do not get to trade until they are professionals. “Most finance students are interested in trading in the financial markets, but they don’t get the opportunity. With the mock trading concept we will be able to pick up the tricks of the trade before venturing into it professionally,” said K G Joan, a final year student of Masters of Finance and Control programme.
The department will also be setting up the DFS NCDEX Centre for Research in Commodities Markets. “The market is dominated by a lot of speculators, thus pushing up prices. The research centre will explore how genuine traders can enter the market and also ensure price discovery,” said Kumar.
Madan Sabnavis, Head, Knowledge Management at NCDEX, said the company was still working out the modalities. “It is early to talk about the association,” said Sabnavis. Apart from the research centre, the department is also planning a University School of Business Studies. “We want the DFS, the Department of Business Economics and the Faculty of Management studies all under one umbrella school,” said Sanja Sehgal, Head of the Department at DFS.