Overview

The Commodity derivatives space is still nascent in India. While in most developed countries, it is several times larger than the stock markets, in India it is still the reverse. As the largest commodity exchange in India, MCX is committed to inform, educate and train people who are interested in learning and engaging in the commodity derivatives market.

The Training and Education Department of MCX focuses on conducting paid and gratis trainings on specific subjects at various levels for people to help in a career in Commodity Derivatives, through webinars, classroom trainings, e-learning and distance learning modes with certifications.

Our certification programmes are geared towards helping you build your career in the commodity derivatives market, while we also offer several free programmes to help you get a basic understanding of the areas or to keep abreast of the latest developments. The programmes are focused on those who want to be acquainted with the commodity derivatives market and emphasize on the modalities of risk management, operations, clearing and settlement, and regulations, among others.

MCX Training and Education department also offers customized trainings to suit the specific training requirements of colleges and institutions. The course content, structure, and duration are finalized after detailed interactions. To know more, contact Mr. Shrikant Koundinya at +91-22-6731 8888/ +91 9619178846 or drop a line at certification@mcxindia.com


MCCP

The MCX Certified Commodity Professional (MCCP) programme offered by MCX is for those who want to participate in the commodity derivatives market. On successful completion of the programme, the candidates will earn an ‘MCCP’ or ‘MCX Certified Commodity Professional’ certificate

The MCCP certificate is valid for 3 years from the date of issue. All members and dealers registered with MCX are mandated to have all their members or dealers take MCCP examination or have at least one person in their office to have passed the MCCP examination (as per MCX circular no. MCX/423/2005).The Certification belongs to the individual and hence provides your career a fillip.

The programme focuses on the modalities of trading in commodity markets, its operations and practices, clearing, settlement and delivery procedures, and its regulatory and legal framework.. Specially designed study material is provided to all candidates who register for the test.

Registered candidates must take the MCCP examination at any one of the approved test centres, and score a minimum 50 per cent to clear the exam. The test comprises 50 questions, which need to be answered in 90 minutes. Incorrect answers get negative scores, and unattempted answers get no marks.

The MCCP course is meant for:

Commodity Brokers, Treasury Executives, Investors, Portfolio Managers, Investment Analysts, Importers, Exporters, Hedgers, Regulatory Staff, Arbitrageurs, Back Office Software Development Executives, Fund Managers, Credit Risk Managers, and Students.

What benefits do I get from doing the MCCP programme?

  • A market accepted certification that provides more career opportunities
  • Get an insight into the commodity derivatives markets.
  • Understand the market dynamics.
  • Learn how to trade in commodity markets.
  • Understand price risk management strategies.
  • Understand the market operations.

What is the scope of the MCCP programme?

The programme will acquaint the participants with the modalities of the commodity markets in India, including regulatory framework; exchange operations, such as trading, clearing and settlement; and delivery procedures.

Topics overview

Module 1 gives an overview of the commodity derivatives market, takes a look at the Indian scenario and regulatory framework and discusses some of the international exchanges.

Module 2 broadly deals with the various aspects of risk management in the derivatives market, which includes market types, hedging concepts and mechanisms, and arbitrage and spreads. The module also includes a chapter on technical analysis and options.

Module 3 details the functioning of the futures derivative exchange. It takes the learner through market operations; and clearing, settlement, and delivery; it gives a fairly complete view of the various functions of the trader workstation; and deals with taxation and accounting in the derivatives market.

Module 4 focuses on warehousing and innovative products.

There are two modes of learning for this course:

  1. Distance learning, where you register, study on your own, and appear for the online examination at your chosen test centre within six months of your registration.

     

  2. The classroom training model, where experts teach you the MCCP course over two days at MCX, Mumbai. You have to take the online examination within six months of your registration at your chosen test centre.

 

The next MCCP Classroom Training Programme is scheduled for ​September 7 and ​8.

Time: 10.00 a.m. to 6.00 p.m.

Venue: Exchange Square, Suren Road, Andheri East, Mumbai

 
Month Date
​​October 2017  ​26 and ​27
November 2017  29 and 30
December 2017  ​28 and ​29 
​January 2018  24 and ​25
February 2018  2​2 and 23
 March 2018 29 and 30
Name
of
Module
Fee including taxes (Rs) Test Duration (minutes) No. of Questions Maximum Marks Pass Marks (%) Certificate Validity Negative marking

MCX Certified Commodity Professional (MCCP)

(Distance learning)
1,​770 90 50 100 50 3 Years (Half Mark/
Question)

MCX Certified Commodity Professional (MCCP)

(Classroom training
 5,​900 90   50 100   50 3 Years   (Half Mark/
Question)
MCCP- Renewal (Candidates who wish to renew it for a further 3 years) 1,​770 35  20  100   50 3 Years  N/A 
  • Test questions are drawn from the MCCP Reference Material.
  • Test is administered online and at select/approved test centres. For the list, click Test Centres
  • The Test is conducted on the following format.
    • The candidate will have to answer 50 questions in 90 minutes
    • Each right answer gets 2 marks and each wrong answer (-) half mark.
    • Test questions are randomly generated from a question bank.
    • All questions carry equal marks.
    • Candidate needs to score a minimum of 50 marks to pass.
  • Renewal test format.
    • The candidate will have to answer 20 questions in 35 minutes
    • Each right answer gets 5 marks and there will be no negative marking
    • Test questions are randomly generated from a question bank.
    • All questions carry equal marks.
    • Candidate needs to score a minimum of 50 marks to pass
  • Once an Admit card (with test details) is generated, the candidate can take the test.
  • While appearing for the test, the candidate has to carry the e-Admit Card print out, a calculator, a Photo ID (as per the list mentioned in the Admit Card), and reach the Test centre at least 15 minutes before the start of the Test.
  • Once the Test Supervisor is satisfied with the credentials, he will unlock the computer so that the candidate can key in his/ her Registration No. and Test ID.
  • A sample test has been uploaded on the website for the candidate’s benefit.
  • Once the candidate completes the test, he/she must click Submit.
    (Alternatively, if the candidate runs out of time before he/ she completes the test, the computer locks out or auto submits).
  • The marks or test score appears soon after and an e-statement of the marks is sent instantly via an auto generated e-mail to the candidate’s registered mail ID.
  • All successful candidates will receive the MCCP certificate by courier within 10 days of taking the test.
  • For further information, please contact: Tel: +91 22 6731 8888 Ext. 8364, 9364
    Email: certification@mcxindia.com

Queries often raised, Click here


For some resources
1. Farmers' awareness programme (ppt video), click here
2. For a primer on hedging, click here

Test
Centers'
List

Need Assistance?

Please contact

+91 22 6731 8888
+91 22 6649 4151