Welingkar Institute of Management
AND
Multi Commodity Exchange of India Ltd (MCX)
ANNOUNCE
Diploma in
Commodities Trading (DICT)
Program
Overview
The Diploma in Commodities
Trading (DICT) will be broadly classified into 3 sections: -
-
The first section will be
utilized to cover introduction to commodity markets, both in India and
abroad; regulatory framework, issues in commodity trading and markets,
future of commodity trading in India, various commodities traded in markets,
bank finance, understanding of other markets like stock market and forex
market, importance of WTO, etc.
-
The second section will cover
derivative products, options, futures and spot trades, mechanism of trading,
clearing system, margin requirements, mark to market system, membership
issues and registration procedure, risk management, hedging and speculative
trading, difference between commodity trading and stock trading, special
issues relating to commodity market.
-
The third section will cover
actual trading practices, hands on experience on trading, particularly
trading in select commodities, visit to the exchange, mock-trading sessions
/ games and assessment of the result of the mock trading sessions and
taxation aspects of the commodities market.
Program
Duration
The Diploma in Commodities
Trading (DICT) is a 3-month program with emphasis on the practical
aspects of online trading (100 hour program including 8 sessions of 25 hours of
online simulated trading).
The Program will be conducted via a classroom mode or a distance learning
mode depending on the student's choice.
Eligibility
Graduates from any stream, from
any Indian University recognized by AIU / AICTE or Corporate Professionals /
Businessmen / Traders may apply to the program.
Program
Fees
Classroom Mode
Indian citizens Rs 15,000/-; NRIs/ Foreign nationals US$ 1, 500
Distance Learning Mode
Indian citizens Rs 10,000/-; NRIs/ Foreign nationals US$ 1, 100
Application
Fees & Mode of Payment
The cost of the application form,
prospectus and the selection process is Rs. 500 / US$ 50 - if purchased directly
across the counter.
To receive the same by post, candidates need to send in a Demand Draft of Rs 500
/ US$ 50 - in favour of 'Welingkar Institute of Management Development and
Research', payable at Mumbai or Bangalore respectively. All payments are
accepted in cash / through demand draft only. Completed forms / request for
forms by post must be sent to the institute's Mumbai campus only.
Selection
Process
We look to enroll participants
who have unique combinations of high leadership potential, academic excellence,
and individual experiences and perspectives. But most important, those who
believe in the commodities boom and have a passion towards the commodities
industry. We focus on decent academic record, an innovative mindset, leadership
abilities, and a quest for excellence. We seek candidates with a sincere desire
to engage intellectually in the classroom and apply this knowledge practically
in the industry. We concentrate on -
Academic Potential
Professional Experience (If any)
Entrepreneurship fervor
Important
Dates
Admissions start: 7th October
2005
Course commences on: 15th October 2005
Contact
Details
At Welingkar's: -
Prof. Amarkant Jain
Phone: +91-22-24178300 Ext.- 460
Mobile: 98211 17300
Prof. Anuradha Mahesh
Phone: +91-80-51303781/ 82
Email: [email protected]
Website: www.welingkar.org
At MCX: -
Training Department
Phone: +91-22-56497000 Ext.- 7114 / 7105 / 7109
Email: [email protected]
Website: [email protected]
