OBJECTIVES
A five day programme for market professionals in the mid to senior levels working in the securities markets that provides a unique experience of learning various aspects of the policy and practice. The programme is primarily meant for international audience and thus consists of a right mix of class room lectures/presentations, practical /simulation exercises/demonstrations, interface with leading professionals and practitioner and visits to major financial institutions in Mumbai.
PROGRAMME CONTENTS
1. Products on Stock Exchanges: Equity / Stock Markets, Basket Trading, Derivatives, Debt Markets- Retail and Wholesale, Interest Rate Futures, Exchange Traded Funds, Mutual Funds (Close Ended).
2. Primary Markets: Contents of Prospectus-Red Herring, IPO Process, Fixed Price Method, Book Building Process.
3. Indices: Indexing Concept, Global and Indian Indexing Scenario, Active v/s Passive Debate, Index Based Products.
4. Stock Markets Functioning: Concept of Brokers, Sub-Brokers & Remisiers, Trade Transaction Flow, Listing Procedure, Categories of Scripts: Large, Medium & Small.
5. Trading Mechanism: Membership Requirement, Trading Clearing & Settlement Procedure- Rolling Settlement, Pay-in, Pay-out Schedule Contract Note Specifications, Auction Mechanism, Demo of the Trading Screen, Emerging Issues: Margin Trading & Borrowing and Lending of Securities.
6. Risk Management System: Capital Adequacy Requirements, Intra day Trading limits, Gross Exposure Limit, Margining Procedure.
7. Dematerialisation of Shares and Depositories: Introduction to the Concept, Beneficial & Registered Owner, Role of Depositories, Dematerialisation Procedure, Advantages.
8. Surveillance: Objective of Surveillance, Procedures involved in Position Monitoring of Brokers, Price Monitoring & Investigations Procedures, Scrip Wise Circuit Filters, Market Wide Circuit Breakers.
9. Trading Strategies: Intra-day Trading, Short-term Investing, Long-term Investing.
10. Derivatives Markets: Introduction to Options and Futures, Explanation of Market Terminologies, Pay-off Structure, Basic Trading Strategies, Weekly Options.
11. Trading Mechanism in Derivatives Markets: Membership Requirements, Trading, Clearing and Settlement Procedure, Risk Management, Margining Mechanism Demonstration of the Trading Screen, Accounting and Taxation.
12. Debt Markets : Debt Products traded in Stock Exchanges, Wholesale Debt Markets, Retail Debt Markets.
13. Trading Mechanism in Debt Markets (Wholesale/Retail Debt Markets) Membership Requirements, Trading Mechanism, Risk Management.
14. Commodity Market & Trading Corporate Actions: Bonus, Right, Dividend, Buy Back etc., Regulations to be followed by the Corporates, Impact on the Shareholders.
15. FII Investments : Rules, Regulations and Bylaws on: Investment in Primary Markets, Investment in Secondary Markets.
16. Investing with Masters : Life & Times of Worlds Legendary Investors.
TARGET AUDIENCE
Senior Executives from Regulators, Stock Exchanges, Depositories, Corporates, Financial Institutions, Banks, Brokerage Houses, Consultants and other Capital Market Intermediaries.
