The Commodity derivatives space is still nascent in India. While in most developed countries, it is several times larger than the stock markets, in India it is still the reverse. As the largest commodity exchange in India, MCX is committed to inform, educate and train people who are interested in learning and engaging in the commodity derivatives market.
The Training and Education Department of MCX focuses on conducting paid and gratis trainings on specific subjects at various levels for people to help in a career in Commodity Derivatives, through webinars, classroom trainings, e-learning and distance learning modes with certifications.
Our certification programmes are geared towards helping you build your career in the commodity derivatives market, while we also offer several free programmes to help you get a basic understanding of the areas or to keep abreast of the latest developments. The programmes are focused on those who want to be acquainted with the commodity derivatives market and emphasize on the modalities of risk management, operations, clearing and settlement, and regulations, among others.
MCX Training and Education department also offers customized trainings to suit the specific training requirements of colleges and institutions. The course content, structure, and duration are finalized after detailed interactions. To know more, contact Mr. Ashutosh Vasisht at +91-22-6731 8888/ +91 9987964535 or drop a line at [email protected]
The MCX Certified Commodity Professional (MCCP) programme offered by MCX is for those who want to participate in the commodity derivatives market. On successful completion of the programme, the candidates will earn an ‘MCCP’ or ‘MCX Certified Commodity Professional’ certificate
The MCCP certificate is valid for 5 years from the date of issue. The Certification belongs to the individual and hence provides your career a fillip.
The programme focuses on the modalities of trading in commodity markets, its operations and practices, clearing, settlement and delivery procedures, and its regulatory and legal framework.. Specially designed study material is provided to all candidates who register for the test.
Registered candidates must take the MCCP examination, and score a minimum 50 per cent to clear the exam. The test comprises 50 questions, which need to be answered in 90 minutes. Incorrect answers get negative scores, and unattempted answers get no marks.
The MCCP course is meant for:
Commodity Brokers, Treasury Executives, Investors, Portfolio Managers, Investment Analysts, Importers, Exporters, Hedgers, Regulatory Staff, Arbitrageurs, Back Office Software Development Executives, Fund Managers, Credit Risk Managers, and Students.
What benefits do I get from doing the MCCP programme?
- A market accepted certification that provides more career opportunities
- Get an insight into the commodity derivatives markets.
- Understand the market dynamics.
- Learn how to trade in commodity markets.
- Understand price risk management strategies.
- Understand the market operations.
What is the scope of the MCCP programme?
The programme will acquaint the participants with the modalities of the commodity markets in India, including regulatory framework; exchange operations, such as trading, clearing and settlement; and delivery procedures.
Topics overview
Module 1 gives an overview of the commodity derivatives market, takes a look at the Indian scenario and regulatory framework and discusses some of the international exchanges.
Module 2 broadly deals with the various aspects of risk management in the derivatives market, which includes market types, hedging concepts and mechanisms, and arbitrage and spreads. The module also includes a chapter on technical analysis and options.
Module 3 details the functioning of the futures derivative exchange. It takes the learner through market operations; and clearing, settlement, and delivery; it gives a fairly complete view of the various functions of the trader workstation; and deals with taxation and accounting in the derivatives market.
Module 4 focuses on warehousing and innovative products.
There are two modes of learning for this course:
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Distance learning, where you register, study on your own, and appear for the online examination within six months of your registration. Since the test is AI Proctered you can appear for the test at home as per the time selected.
- The classroom training model, where experts teach you the MCCP course over two days at MCX, Mumbai. You have to take the online examination within six months of your registration.
For some resources
1. Farmers' awareness programme (ppt video), click here
2. For a primer on hedging, click here