IIM Calcutta mulls financial lab

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Kolkata, Nov 19 (UNI) The Indian Institute of Management (IIM) Calcutta is mulling a state-of-the-art finance laboratory christened as 'Financial Research &Trading Lab' in a bid to equip the financial managers with a practical knowhow of the markets.

Informing this, an IIM communique said the global financial crisis was largely the result of managers not being able to completely understand and manage the operational risks of the new generation of derivatives.

'' The global financial meltdown has highlighted the need to create a new breed of finance experts, who are adept at creating and managing the risks of innovative financial products such as derivatives, '' it observed.

The Lab would house 51 terminals with trading simulator and data from five markets (NSE Cash and F&O, BSE Cash, NCDEX and MCX) as well as one Bloomberg terminal, it added.

The laboratory, first-of-its-kind among the IIMs, would give an opportunity to the students, faculty and executive education participants to test financial models with live inputs from all the major sources worldwide, it said.

Moreover, the Lab would provide short-term training programmes in contemporary issues in finance such as market pricing, asset liability management, risk management, trading strategies, market microstructure and structured products, the communique further informed.

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