XLRI Conducts Finance Workshop in Association with Multi Commodity Exchange (MCX)

XLRI Conducts Finance Workshop in Association with Multi Commodity Exchange (MCX)

XLRI School of Business and Human Resources conducted a workshop in collaboration with MCX (Multi Commodity Exchange) on 24th October 2008. The workshop lasted for around 3 hours and had two separate sessions which were attended by students of different programs of XLRI.

The workshop was conducted by Mr. Arindam Saha, Vice President (Business Development), Multi Commodity Exchange, and was organized by Prof. H. K. Pradhan of XLRI Jamshedpur. The workshop is the latest in a series of endeavours by the prestigious business school to boost the understanding and exposure of its students in the field of finance.

The workshop was conducted over two separate sessions, both of which were presided over by Mr. Arindam Saha. During the course of the first session, he addressed the students of the necessity of having a commodity exchange and the history of commodity exchange in India. He also explained the fundamentals and working of the commodity market. While not only providing theoretical inputs to the students, Mr. Saha rounded off the discussion by talking about the recent rise in speculation, and how that would have an effect on the rates as well as the market. The students asked specific questions based on their knowledge and understanding, which contributed in making the discussion even more fruitful and enlightening for all participants.

The second session consisted of an online real time simulation, which was also provided for by the MCX. During this session, students were shown exactly how traders operate in the market. This was done in order to facilitate the application of knowledge gained by the students during the first session. The simulation was very similar as how the commodity market works, with the same facilities being used such as the trading screen which had information as to rates, and buyers and sellers. The session was most informative for the students as they were being exposed to it for the first time.

In view of the crisis in financial markets, XLRI Jamshedpur has been making an effort to further boost the knowledge and understanding of its students in the field of finance so that they are well-prepared for the challenges that are likely to come their way. This workshop was the latest in a series of such efforts undertaken by the institute and its students.

Concluded.

Contributed by -
Gayathri Krishnan,
Executive Member,
External Linkages,
XLRI, Jamshedpur.

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