A new financial research and trading laboratory was launched by the Indian Institute of Management-Calcutta (IIM-C) on November 18, 2008. This is the first laboratory of its kind in India. The Rs 1-crore financial research and trading lab will focus on helping the students to test financial models with live market information from all major sources across the world, including the NSE, BSE and Bloomberg. The new lab has 51 terminals which will collect trading stimulator and data from NSE Cash, NSE Futures and Options (F&O), BSE Cash, NCDEX and MCX.

 

The introduction of such type of financial research and trading lab will help the students to gain exposure of the happenings of the global financial market. Informing more about the new lab, the director of IIM-C, Shekhar Chaudhuri said that the premier institute is also planning to include data from other financial markets like Money and Currency Market, and some more software like Revenpack, NewsAnalytics, Optirisk and Optimization Suite.

 

The launch of the financial research and trading laboratory in India came at a time when the entire world is reeling under the menace of financial crisis. Commenting on that, the IIM-C board chairman, Ajit Balakrishnan said that it is time to bring out new breed of finance experts who will help to sort out the ongoing crisis. The lab will expertise the young Indian brigade to attain constructive knowledge regarding the up and downs of global financial market.