National Commodity Exchange Ltd (NCEL) has announced launch of their free of charge Futures Trading Certification Programme, as part of its role in the uplift of derivatives market in Pakistan.
This certification programme, to be held at Karachi, first of its kind offer in the country, open to all relevant market participants, according to a press release of NCEL issued here on Wednesday.
Presently, Pakistan ranks in the top four amongst emerging markets in terms of market volatility, implying high levels of risk. One of the main reasons for this is the lack of investors' education and awareness.
The main impetus for the certification programme is to facilitate transition of our capital market from one where there was an abundance of noise and feedback of traders, to one where the investors are informed and understand in-depth workings of futures trading.
The certification programme will cover following over a 3-day period: Futures theory, market trading practices, risk management, clearing & settlement, regulatory & compliance framework and live training on state-of-the-art NCEL trading system.
NCEL staff who collectively has over 50 years international experience in capital and derivatives markets will conduct the training.
NCEL Managing director, Assim Jang observed that that pioneering step to bring their market in line with international best practices was seen as a social responsibility at NCEL, the release added.
Those interested in registering for the programme have been advised to visit the website: www.ncel.com pk.