The Bombay Stock Exchange, Asia’s oldest stock exchange, will offer training courses to company directors and executives of the Asia-Pacific Stock Exchange (APX). A Memorandum of Understanding was signed between the BSE Institute Ltd, a wholly owned subsidiary of the BSE, and the Asia Pacific Finance Institute of Australia (APFIA), which is a member of the APX, to cooperate and develop training courses for company directors and executives in Australia and other emerging markets.
The course details, content and faculty for the training courses is being outlined, Ambarish Datta, managing director of BSE Institute Ltd (BIL), said. The first courses are expected to start in the April-June quarter of 2016, he told Forbes India.
The courses could be product-related (such as currency derivatives) for traders, brokers and other institutions; process-related (such as corporate governance for board directors, listing norms) or compliance-specific, such as surveillance training for a specific stock exchange.
“These courses could be in the form of web or face-to-face interactions,” Datta said.
The BSE currently offers over 150 courses as part of its academia and training faculty to 10,000 people each year, including students and professionals. In 2014, the BSE Institute and Canada-based Ryerson University started Zone Startups India, a startup accelerator programme. There are now 64 startups on-board, across sectors.
“BIL has a good track record for the development and delivery of education systems and content,” said George Wang, executive director of APX.
Wang said given APX’s focus to bridge the capital markets between Australia and Asia, it was ‘’important” that company directors and executives have a good understanding of their obligations in the APX markets. “Education will be the key to the quality of the companies seeking to list on APX.”
“It further extends our vision to be the most sought-after learning provider in the world in areas of financial and leadership learning,” Datta said.
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