NCDEX Institute of Commodity Markets and Research (NICR) has signed an agreement with Kredent Academy to launch online training portal for commodity futures trading.

The training will focus 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 fee of ₹2,500 and ₹ 3,500 each, while the NCDEX Certified Fundamental Analysis of Commodities and NCDEX Certified Agri Trading Strategies is taught at ₹4,500 and ₹7,500 respectively.

Samir Shah, Managing Director of NCDEX, said the 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. The institute 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 options on NCDEX, but could not find time due to Gujarat elections.

“Now that the elections are over, it will be launched soon. We hope to make up for the initial delay for conducting mock trading and training,” he said.

Shrugging off 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 options a success, I think it will take at least 2-3 years to become a game changer as envisaged,” he said.