The Institute of Cost and Works Accountants of India (ICWAI) and United Stock Exchange (USE), today signed an Memorandum of Understanding (MoU) for exchange of information, consultation and co-operation.
The MoU entails sharing research materials, publications, educational literature, demonstration material and information, a press release issued here stated.
It will also include the organisation of joint conferences, exhibitions and seminars and joint research programmes, the release said.
ICWAI's President, G N Venkataraman, said that "the signing of the MoU with United Stock Exchange is an important platform to enhance and update knowledge of the financial market, a move which will be beneficial to both the parties."
As part of the on-going MoU, USE will conduct awareness programmes for members of ICWAI across the country.
These programmes will comprise seminars, workshops and research programmes in all major Indian towns and cities.
Trading membership would also be free for ICWAI members and other cross-section of investors till the launch of the exchange, the release said.
USE's Managing Director & CEO, T S Narayanasami, said that "the aim of this MoU is to empower people with knowledge and develop skill-sets pertaining to financial markets and sophisticated instruments."
USE is the country's newest stock exchange for currency derivatives.