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Mumbai, Oct 30: The three-day 2nd Indian Derivatives Convention, 1998, will be held in Mumbai from November 11 to 13. The convention comes at a time when activity in the derivatives market is expected to take off early next year.
Corporates have been permitted to hedge their price and foreign exchange requirements in the international commodity markets. This too will call for expertise on the part of both corporates and their bankers advising on such activities, apart from hedging their investment risks in the domestic equity markets.
After last year's First Indian Derivatives Conference, the concerned parties -- the investors and the brokers -- have not yet been able to put their act together and are still preparing themselves to take a soft plunge into a totally unknown market of derivatives, even when the rules of the game are finally in place.
The convention will have technical sessions on index and commodity futures, as also on forex and fixed income derivatives.
The annual convention andworkshop on the 2nd Derivatives Convention is jointly sponsored by the National Stock Exchange, Bombay Stock Exchange and Warburg Dillon Read, one of the leading investment banking divisions of the new international bank UBS AG formed after the merger of Union Bank of Switzerland and Swiss Bank Corporation, and will be hosted by Investment India Economic Foundation.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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