Webinar on ‘Understanding the Commodity Derivatives Market’.
The BBA(Financial Services) Department in association with the National Commodity and Derivatives Exchange (NCDEX), Investor Protection Fund (IPF) Trust, Mumbai organized an Investor Awareness Program through a Webinar on ‘Understanding the Commodity Derivatives Market’. The Webinar was organized on Saturday, 19-02-2022 from 10:00 a.m. to 12:00 p.m. through the Webex platform. 54 participants fromFY and SY BBA(FS) class attended the same.
The objective of the Webinar was to create awareness amongst the potential investors through the dissemination of knowledge on the fundamental terminologies and concepts related to the commodity derivatives markets. Ms. Sanchia Patricia Da Costa, a student of SY BBA(FS) B class, commenced the Webinar with a brief introduction followed by the welcome address by Dr. Rodney D’Silva, Vice-Principal, Ms. Sanchia introduced the Resource Persons of the Webinar. Resource Person Mr. Ratnesh Mishra is a Deputy Manager at NCDEX, Mumbai having a vast experience and expertise in Regulatory Compliance, Arbitration, Investor Grievance, Trading and Clearing Operation of Exchange, PMLA, KYC, Transaction Monitoring and other allied activities. Resource Person Ms. Nikita Nagdev is a Senior Executive with NCDEX, Mumbai. She is a finance and stock market enthusiast and an alumnus of the BBA(Financial Services) Department of the College.
Mr. Mishra conducted the Webinar in two sessions. He commenced the first session by explaining the difference between stocks and derivatives. He briefed upon several terminologies related to the derivatives contracts like futures, forwards, options, swaps, long position, short position, spot contract, expiration, market maker, spread, etc. He elaborated on the origin and the status of the commodity derivatives market in India. He further explained the significance of an efficient commodity derivatives market that would play a crucial role in spurring the economic development in a rapidly flourishing agrarian economy like that of India. He also highlighted the key trends in the commodity markets that have been paramount in revolutionizing the commodity derivative markets in India.
During the second session, Mr. Mishra provided important insights on the NCDEX. He explained the NCDEX Commodity Index that is an equal-weighted spot price index of ten agricultural commodities. He highlighted the fact that the NCDEX Commodity Index is the first such index that has been launched in India. He elaborated on the NCDEX’s ‘Raison d’ etre’ that serves as an efficient platform for Price Discovery and Price Risk Management. He further stated that NCDEX offers a diverse range of products that open a plethora of opportunities to cater to the needs of various sets of participants in the agri-value chain. In his concluding remarks on the significance of NCDEX, he stressed that the NCDEX is a professionally managed online, multi-commodity exchange focusing on revolutionizing India’s agricultural sector since it has been India’s largest agricultural derivatives exchange with a market share of 75% in agricultural derivative contracts for the Financial Year ending March 2021. He ended the session by pointing out the prime training and developmental initiatives of the NCDEX.
Mr. Mishra responded to all the questions put forth by the participants. Ms. Sanchia Patricia Da Costa, a student of SY BBA(FS) B class was the compere for the Webinar while NCDEX, Mumbai hosted the same. Asst. Prof. Mayuresh Adsul, the in-charge faculty, proposed the Vote of Thanks. The NCDEX provided system-generated e-certificates to all the participants on their registered e-mail IDs after the online feedback submission.