Multi Commodity Exchange of India (MCX), and Christ University, a private deemed to be university in Bangalore, have signed a memorandum of understanding (MoU) to promote skill development, knowledge, and research in commodities through various educational initiatives.
The agreement will contribute to the development of skillsets, financial literacy, and research in commodity price risk management and encourage academic engagement with industry and end-users. This initiative will nurture future generations to understand, benefit, and take up careers in commodity markets. Christ University will launch various courses in commodity derivative markets and MCX will provide the much-needed support and assistance.
P. K. Singhal, joint managing director, MCX said, ''We are pleased to be associated with Christ University for enhancement of knowledge base on commodities. This association facilitates industry-academic linkages, and helps in creation of future generations of skilled workforce for the commodities market. This association is another step in instilling in the new generation the need and importance of risk management, and to bring more people into the financial mainstream.''
Shares of the company declined Rs 2.55, or 0.24%, to trade at Rs 1,070. The total volume of shares traded was 17,260 at the BSE (10.54 a.m., Friday).