University of Mauritius Trust, ties up with FT Group

"The University of Mauritius Trust (UoM) has tied up with MCX Centre of Academia, part of the Financial Technologies (India) Ltd, to establish a Centre for Organized Markets in Mauritius. An MoU was signed to this effect between UoM and the FTIL Group on August 27, 2007.

Set against the backdrop of a picturesque location, this education Initiative will complement the Company's global business model of creating a world class talent pool for vibrant, modern and dynamic financial markets. Through the joint establishment of Centre for Organised Markets, the Company's Group and the University of Mauritius Trust will cooperate to foster collaboration, provide an opportunity for global experience and facilitate advancement of knowledge on the basis of reciprocity, best effort, mutual benefit and frequent interaction.

Professor Fagoonee, Chairman of the Managing Committee, UoM Trust stressed on the importance of collaborating with institutions with proven track record and to offer tailor made products for the industry. In addition, the setting up of the centre fits in well with the strategy of the Mauritian government to create a knowledge hub. Such collaboration is expected to benefit university staff in terms of staff exchange and training, professionals in the financial sector and students who wish to work in the financial services at large.

Professor Jugessur, Chairman of the UoM Trust expressed his satisfaction with the setting up of the Centre for Organised Markets. "Partnering with FTIL was a logical choice for UoM as the former has set an industry benchmark for modern financial exchanges".

MCX centre of Academia is a one of the strategic initiatives of Financial Technologies Group for disseminating the vast knowledge base, experience, and IP generated by the group in the area of derivatives market, risk management, and application of technology in commodity and financial markets. It offers an array of academic programme, certificate courses, workshops, consultancy, seminars, MDPs, EDPs, and simulated trading covering a wide spectrum of domain for varied audience. Under this initiative, more than 6,000 individuals have been trained in the year 2005-2006. It also offers consultancy related to market development and market risk and tailor-made solutions for corporate and institutional clients.

Under the terms of the M0U, FTIL and UoM Trust will cooperate through the Centre for Organised Markets to leverage the domain expertise of MCX Centre of Academia in delivering programmes such as Emerging Opportunities in Global Financial and Commodity Derivatives Markets; International Perspective on Commodity Derivative Markets; Introduction to Exchange - Traded Derivatives Market; Valuation of Derivatives; Fund Raising for Listed and Unlisted Companies; Portfolio Management; Commodity Specific Programs; Technical Analysis; Non Linear Derivatives "" Options & Swaps; Executive MDP for Corporate; Faculty Development Program, and 12 to 14 months post graduate level programs and PhD programmes.

Mr. Lamon Rutten, emphasized that FTIL Group was keen on establishing a comprehensive full-fledged academic, training, consulting, and research centre at Mauritius catering to the entire sub-continent, which essentially would have following world state-of-the art infrastructure."