Practical Examination for FMM Course Introduction to Financial Markets-I for 11th class.

As you are aware in the Financial Markets Management (FMM) course, one of the 3 compulsory papers for skill building I professional competency development is titled Introduction to Financial Markets-I.

One of the very strong salient features of FMM is development of ernployable skills. The success of FMM will depend upon whether students on completion of this course are able to acquire necessary competence and skills for financial markets.

In Stock and Commodity Markets, both speed and accuracy are extremely important. Due to globalisation, entry of FIIs (Foreign Institutional Investors), instant spread of information (impacting the share prices) through electronic and print media such as T.V. channels, Internet, introduction of futures and options, the share and commodity markets have become highly volatile. This calls for executing the buy, I sell orders at high speed to take advantage of best rates (lowest while buying and highest while selling).

However, while it is important to execute orders with speed, the accuracy while entering an order cannot be ignored. The loss from a wrong entry of a buy or sell order can cause very serious financial loss to the client(s) ranging from few hundreds to lakhs or crores depending upon the quantity and pice of a scrip. Therefore, stock and commodity markets require 100% accuracy while entering orders.

As required by CBSE, BLB Institute of Financial Markets (BIFM) has developed a mock trading software called TiadeSenseTM. The TradeSenseTM has been designed to develop practieal skills of speed and accuracy in stock market through step by step process. This will be achieved by a modular approach through 6 modules, 3 each for 11th & 1st class respectively.

Modules for llth Class

1. Numeric Speed Booster (NSB): To help students gain command in finger setup on Numeric Pad.

2. Tiade Function Builder (TFB): To help students develop speed and accuracy without trading.

3. Precision Builder (PB): To build order punching accuraey in simulated trading.

A unique feature of TradeSense^TM is a large number of user friendly reports for the students as well as school principals. It is also possible for the CBSE and NSE to monitor the progress of all the schools and students through TradeSense software.

At CBSE Headquarters, we also monitor the progress of developrnent of practical skills through TradeSense software. It is found that the progress of some of the schools/students is not satisfactory and they are not giving adequate attention for practical. This being a skill orientecl course without devoting required time of 60 hours of practical, FMM will fail, defeating the very purpose of launching this course.

In view of the above, it is advised that school should conduct the practical examination only after each of the student has practiced at east for 60 hours. Schools can conduct the practicai exarninaticn through TradeSenseTM software as per detailed procedure given in the software itself, The practical examination will consist of 3 parts as given below:

l. Multiple Choice Questions (MCQs): Written multiple choice questicns (MCQs) of 10 Marks. This

can be conducted by schools themselves. 1(a) Salient Features of the NEAT - 5 Marks

� Key Functions

� Buy, Sell, Order Modification (OM) & Order Cancellation (OC) 1(b) Introduction to Trading Systems - 5 Marks

In view of the above for proper skill development, the practical exarnination can be conducted befcre 30th Jure 2008, as in the case of NCFM examination. Students of FMM can appear/re-appear for practical examination after devoting a minimum of 60 hours of practical on Trade Sense.