The NCDEX Institute of Commodity Markets and Research (NICR) has signed an agreement with Kredent Academy to launch an online training portal for commodity futures trading. The training will provide special emphasis on practical aspects of online trading. It will educate traders and entrepreneurs on how to trade in an efficient manner.

The one-year training programme consists of NCDEX Certified Introduction to Commodities Market and NCDEX Certified Introduction to Technical Analysis with a fee of Rs 2,500 and Rs Rs 3,500 each, while the NCDEX Certified Fundamental Analysis of Commodities and NCDEX Certified Agri Trading Strategies is taught for Rs 4,500 and Rs 7,500.

Samir Shah, Managing Director, NCDEX, said the e-training programme will help students and job seekers in villages as the broking firms are not getting the right talent to set up commodity desk in rural areas.

NICR has already trained over 3,500 people through its offline training programme and 15,000 farmers were trained through Kisan Chowki, an informal training programme to spread financial literacy. NICR has also conducted programmes to train 500 people on commodity options. It is also planning to launch similar training modules for warehouse service providers.

On the delay in launch of guarseed options, Shah said Finance Minister Arun Jaitley has in principle agreed to inaugurate NCDEX options, but he could not find time due to Gujarat elections.

“Now that the elections are over, it will be launched next few weeks. We hope to cover up for the initial delay made by us for conducting mock trading and training,” he said.

Shrugging of the moderate response for gold options launched by the rival exchange, Shah said it took three-four years and several modifications before options trading in equity markets took off. “With SEBI now open for changes to make commodity option a success, I think it will take at least 2-3 years for it to become a game changer as envisaged,” he said.

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