IMS Ghaziabad

Special Seminar on “Commodity Awareness Programme” held on September 10, 2019 at IMS Ghaziabad,

Under the auspices of “Special Seminar Series 2019”, a seminal lecture was organized at IMS Ghaziabad on September 10, 2019 for the benefits of IMSians..Mr. Vinit Singh Kaler, a seasoned trainer with MCX Mumbai was the Guest of Honour. He was welcomed by Prof. Alok Pandey, Director IMS Ghaziabad.

In his inaugural address, Prof. Pandey drew attention on the importance of MCX which has crossed a turnover of INR 65 lakh crore and going high further. In his address to the students he asked “why do we need trading in commodity?”In his opinion everyone should understand asset classes like equity, debt instruments, commodity, currency, real estate etc. Prof. Pandey also emphasized that IMS Ghaziabad has signed MOU with MCX for knowledge sharing and research purpose and the present seminar was the outcome of that initiative.

Mr. Vinit Singh Kaler, who is a seasoned trainer with enriched corporate experience, introduced the audience with the historical development of the MCX in India and drew attention on Derivatives and Commodity Markets. In his view risks are associated with every asset class and it can be minimized in commodity market through commodity derivatives.. There are 20-25 commodities in the MCX ranging from Agri products to bullion, energy, and metals. He also highlighted that MCX has over INR 80,000 crore of turnover per day and also MCX boasts of over 40 lakh user terminals across the country. In the end he also talked about ‘Dos and Don’t for the new entrants in the commodity market. After the lecture , “Question & Answer session” took place followed by “Vote of Thanks” to the distinguished guests.