May 14, 2012

 

Press Release No. 1

NSE Statement

 

An erroneous order cancellation request was received by the trading system today, which disrupted the execution process. Concurrently, there was a malfunction in the network layer. These led to the interruptions in the derivative trading system today.

 

It was therefore required to start the process on the contingency machine for the market to function in an orderly manner. The contingency machine was pressed into service in a short span of time and matching continued.

 

 

Press Release No. 2

NSE ties up with NIFM for  full time PG course and weekend programme on Financial Markets

 

 

The financial sector will create more than one crore jobs, before the end of this decade and the National Stock exchange (NSE) is keen to bridge the skill deficit in the financial sector. In a unique tie up with the National Institute of Financial Management ( NIFM, which was set up by the Finance Ministry, Government of India), NSE is starting a one year, full time, post graduate course in financial markets and a one year, weekend post graduate course for working professionals, in financial markets.

 

These courses will be a combination of class room training and training to trade on simulated market software, specially designed by NSE, called NSE Learn to Trade or NLT.  The idea is to make both students and working professionals adept at investment and trading skills. Apart from upgrading their skills, in tune with latest technology, this training will open up job opportunities for students and executives in investment banks, research firms, mutual funds, brokerages and knowledge process outsourcing (KPO) centres.

 

Joint MD of the National Stock Exchange, Chitra Ramkrishna said, “This is the first time that specialized market simulation software has been designed in the country, to train students and professionals to trade on the same tools that are used widely by the market community. We are confident that this experience will greatly enhance skills and help students and executives to grow in the financial sector.”

 

For the Executive course, classes and practical training will be held partly at the NSE office in Delhi and partly at the NIFM institute in Faridabad (part of the NCR region), every weekend. The full time course will require hostel stay at the NIFM Faridabad institute. Both these courses will start from July and will be jointly certified by NSE and NIFM.

The faculty will be provided by both the organizations. NSE and NIFM will also act as a bridge to help students and professionals to get suitable job placements.

 

G.P. Gupta,  Director, NIFM  Faridabad, said, “The Post Graduate  Executive  Programme  in Financial Markets is a unique programme, designed  in collaboration with NSE for the professionals and practitioners desiring to excel on the strength of knowledge and understanding of the market.  One who has an edge in understanding the market and the products would not only take advantage of the opportunities, but would also be able to beat the competition.”


The courses will cover varied topics such as cash market and derivatives, mergers and acquisitions, mutual funds, commodity market operations and corporate and capital market laws. The programme also includes a visit to an International exchange and trips to International financial centres for global exposure.

As part of the practical training, students will be trained on the NSE Learn to Trade software, which will have modules on how to use the software and simulation on the front end software provided by NSE to traders, called ‘NOW ‘. Training will also be provided on prominent software used for fundamental and technical analysis.

 

For the full time course, students will have to appear for an online test, unless they have valid scores from CAT, MAT or XAT. For the executive programme, they need a graduation degree from a recognized university and two years of work experience.

 

The online tests will be held in 12 cities including the metros, Ahmedabad, Hyderabad, Indore, Jammu, Jaipur, Chandigarh and Lucknow.

 

Those who are interested in these courses can send their applications to the NSE office in Delhi.

Detailed frequently asked questions (FAQs) are attached and all relevant details on how to apply are available on the following websites, http://www.nseindia.com and www.nifm.ac.in.

 

Press Release No. 3

NSE completes 3052nd Normal Settlement

 

The Exchange has successfully completed its 3052nd Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2012088 on May 14, 2012. The settlement statistics are as follows:   

 

Particulars

 

 

N-2012088

Total traded quantity (lakhs)

6381.54

Total traded value (Rs. In Crores)

9687.17

Total value of the settlement (Securities) (Rs. In Crores)

2392.34

Total value of the settlement (Funds) (Rs. In Crores)

507.21

Shortages for the settlement

0.05%

% of  Delivery ( No. of shares deliverable / No. of shares traded )

24.75%

 

Retail Debt Market has completed its 2325th settlement, details of which are as follows:

 

Settlement No.

Traded Value (Rs.)

Settlement Value (Rs.)

 

 

Securities

Funds

D- 2012088

NIL

NIL

NIL