MCX partners with UPES on price risk management

Commodity exchange MCX today said it has tied up with University of Petroleum & Energy Studies, (UPES), Dehradun, to help train students in price risk management in the oil and gas sector.
MCX and UPES have signed a memorandum of understanding (MoU) in this regard.
"The initiative aims at building and imparting knowledge to future energy managers of the economy on modern tools of risk management for managing commodity price risk especially that the oil and gas industries are faced with," MCX said in a statement.
MCX has signed MoUs with several educational institutes in the recent past.
"The initiative will further strengthen our efforts in not only spreading awareness about commodity derivative markets, products, participants, and the process of risk management among the students but also helping in the creation of future generations of skilled commodity market professionals that will help future businesses remain competitive," MCX's MD and CEO Mrugank Paranjape said.

With the introduction of commodity options last month, multiple instruments will be available to risk managers, he added.