By NNN-APP,
London : The Futures and Options Association (FOA), in collaboration with the South Asian Federation of Exchanges (SAFE) and the National Institute of Banking & Finance (NIBAF) is holding an “executive course” for senior exchange officials in Islamabad from August 25.
This new 4-day course focuses on international standards in exchange management and trading practices which exchanges need to take into consideration when facing the challenge of developing their business or transitioning from a domestic exchange into an international marketplace.
The course programme, which comprises lectures, case study work and presentations, highlights everything an exchange needs to know from how to launch a new contract to the threats and opportunities posed by globalisation.
Anthony Belchambers, Chief Executive of the FOA, said: “The intention behind this course, which it is believed will be a unique offering, is to help stock and derivative exchanges in emerging markets to develop the kind of trading and market processes which will make them more robust and attractive to domestic and international participants.
It is a course from which everyone can benefit and we are particularly appreciative of the organisational arrangements that have made by SAFE and NIBAF for the course to be presented in Islamabad.”
Aftab Ahmad Chaudhry, Secretary General, SAFE, said this training program for the Senior Exchange Managers is aimed at providing an opportunity of learning for the regional exchange officials regarding the product design, risk management and characteristics of the sophisticated new products such as stock options and derivatives etc.
UK Trade & Investment (UKTI), who have partly funded the development of this “executive course”, welcome FOA’s initiative to work with important emerging markets like Pakistan to exchange best practice.
The course supports UKTI’s ongoing programmes in the region that are working towards creating the best environment for international business and capacity building in the financial services sector.
Speaking about the course, Lord Digby Jones, Minister for UK Trade & Investment said: “Pakistan is becoming a very attractive investment destination, and programmes that support education and talent development such as training partnerships and technical sharing initiatives are only going to strengthen their position to compete in the international market place.
“In the UK we applaud the steps that Pakistan is making to reform her capital markets and hope this course will add to our shared pool of expertise. We look forward to welcoming a senior delegation to the UK later this year for a Pakistan Capital Markets Day.”