FMS, Delhi Launches "COM-SMART" in Association with IL&FS Investsmart

FMS, Delhi Launches "COM-SMART" in Association with IL&FS Investsmart
Registration to the Game Closes: September 21, 2006

Living up to its legacy of being unconventional, Faculty of Management Studies once again distinguishes itself from the herd of MBA institutes by launching the first-ever live commodity trading game - "COM-SMART". This novel concept has been initiated by the MBA (Management of Services) students of FMS in association with IL&FS Investsmart Commodities Limited.

IL&FS is one of India's leading institutional financial services organizations providing a complete range of financial management solutions for corporate and individuals.

The event draws its inspiration from the success of COMMODEX, a two-day workshop on commodity markets conducted by National Commodity & Derivative Exchange of India (NCDEX) at FMS, South Campus, in the month of July.

Inviting participation from the leading B-schools of India, the game is all set to commence on the 1st of October, 2006. Prizes worth Rs. 1,75,000 are to be won at the end of the game.

Played over a period of 45 days, the game intends to help the students gain practical experience in Commodity Futures Trading and also help them appreciate its growing importance in the economy.

Commodity Futures Trading is said to have existed in India from the ancient times and even finds a mention in Kautilya's Arthshastra. A commodity futures contract is a standardized contract, issued and traded on a future exchange, to buy a certain underlying commodity at a certain date in future, at a fixed price. A trader needs to be a risk taker to conquer the stimulating world of commodity futures trading. The Finance Society of MBA (Management of Services), FMS, foresees lot of excitement and high adrenalin levels as the participants respond to the vagaries of the commodity markets.

This innovative idea coming from one of the premier management institutes of the country is bound to generate enthusiasm among all those who are vying to pounce on this golden opportunity to be the Smartest Commodity Trader. This intriguing contest will definitely challenge the wits, stimulate grey cells and eventually prove to be immensely beneficial for all the participants.

The registration to the game closes on September 21, 2006.

For further details regarding registration and other queries, visit the website at: -
www.fms-comsmart.com

Concluded.

Contributed by -
Anand Prakash Dujari,
Secretary, Vista - Media Relations & Communications,
MBA (Management of Services),
FMS, Delhi.

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