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NSE & BIBS PG course in financial markets

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Press Trust of India Kolkata
Last Updated : Feb 04 2015 | 4:30 PM IST
The National Stock Exchange and business school BIBS have signed a Memorandum of Understanding to launch a post graduate programme in financial markets.
"The programme will commence from academic session 2015-16 and classes will be held from July at the BIBS Kolkata campus," an NSE release said.
"There is a huge skill deficit in India, but growth in the financial sector will throw up lakhs of jobs in the coming years. Our attempt is to bridge this skill gap by educating young students about different aspects of the financial markets," NSE head of business development, Ravi Varanasi said.
The programme is first of its kind in eastern India that aims at bringing a systemic, single-focused approach to education in financial markets, leading to an MBA.
Speaking about new products, the exchnage was planning, Varanasi said the bourse had sought permission from both the RBI and market regulator SEBI for trading in cross-currency derivatives. Currently, four currency derivates are being traded - dollar, euro, yen and pound sterling - against the rupee.
"The dollar-euro is in great demand. And, we have sought regulatory approvals," he said.
It is also looking to add new bond futures with tenures of five and 15 years. At present, it has only 10-year bond futures.

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First Published: Feb 04 2015 | 4:30 PM IST

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