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Feasibility Study of Iron Ore Futures Contract

Feasibility Study of Iron Ore Futures Contract

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Published by Vinay Madaan

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Published by: Vinay Madaan on Mar 02, 2011
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01/11/2013

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Feasibility Study of Iron Ore Futures Contract 
 
 
ITM Business School, Navi Mumbai, Kharghar Page 1
 
Summer Internship Report Summer Internship Report Summer Internship Report Summer Internship Report   2009 2009 2009 2009 – – –  2011 2011 2011 2011 
 
Feasibility Study of Iron Ore Futures Contract Feasibility Study of Iron Ore Futures Contract Feasibility Study of Iron Ore Futures Contract Feasibility Study of Iron Ore Futures Contract            
Submitted ByVinay MadaanKHR2009PGDMF143 In partial fulfillment of Post Graduate Diploma in Management  Company Guide                                                          Faculty GuideMr. Dharmesh Pandya                                               Prof. Rakhi Shrivastava   
 
Feasibility Study of Iron Ore Futures Contract 
 
 
ITM Business School, Navi Mumbai, Kharghar Page 2
 
  Acknowledgement
 First of all, I wish to extend our heartfelt gratitude to
Indian Commodity Exchange (ICEX)
 for giving the opportunity to perform Summer Project at their esteemed organization inMumbai Corporate Office. I take this opportunity to convey my sincere thanks to theCompany Guides,
Mr. Dharmesh Pandya (National Business Head)
and
Ms.
 
HarkiranKaur
for mentoring, guiding and supporting throughout the project. I sincerely owe a deepsense of gratitude to all the helpful people at ICEX Business Development Department andwish to put it on record that the present project had not taken its present shape without their support. Finally I would like to thank 
ITM Business School
and
Prof. Rakhi Shrivastava
, facultyguide for rendering her valuable time, knowledge and also for encouraging and appreciatingmy work. I would like to specifically mention that I have been highly benefitted by theexperiences at ICEX as it helped me to imbibe managerial lessons. 
Vinay Madaan
KHR2009PGDMF143ITM Business School, Navi Mumbai
       
 
 
 
Feasibility Study of Iron Ore Futures Contract 
 
 
ITM Business School, Navi Mumbai, Kharghar Page 3
 
  Executive Summary
 
In this dynamic world where one is introduced with a new commodity almost every day,people think of understanding and managing the respective commodity with an intention of earning something out of them. With millions of commodities around, only some qualify toprovide returns enormously. Some of them are like precious metals such as gold and silver.And another commodity which drives various economies around the world is iron ore.The project was envisioned in order to find the feasibility of iron ore as a futures contract tobe traded in Indian commodity market. The study was based on interacting with real timetraders by making them understand the benefits which ICEX provide such as transparency,swiftness and cost effectiveness. It involves visiting the gold commodity market and copper commodity market and converting them into a member of ICEX, thus also understanding thecurrent trends being followed by these traders and in the markets. Along with this asecondary research was performed through internet and iron ore oriented books & journals tosearch for comprehensive data on iron ore to find its feasibility. Thus on the basis of abovestudies and market experience, this report suggested various measures and facts which provesthe feasibility of iron ore futures contract in India commodity market.Besides this, it also elucidates the commodity profiles of gold and iron ore, with gold as acommodity being traded the most in the Indian commodity market. 
Vinay Madaan
KHR2009PGDMF143ITM Business School, Navi Mumbai
      

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