The Options Industry Council And The Bombay Stock Exchange Agree On
Cooperative Effort To Expand Options Education In India
MUMBAI and CHICAGO - August 2, 2010
The Options Industry Council (OIC) has partnered with the Bombay Stock Exchange (BSE), Asia’s first exchange, to expand options education in India. The partnership expands OIC’s educational efforts worldwide as this partnership is the eighth international one for OIC and the fifth time partnering with an Asian exchange.
OIC and BSE will work together on educational offerings aimed at Indian investors such as sharing online content, case studies, research and white papers promoting the responsible use of options. In addition, Steve Meizinger, OIC instructor and Director of Education at the International Securities Exchange (ISE), will lead a tour of live seminars on options trading throughout several Indian cities at the beginning of August. The live seminars will be held August 2-6 in Mumbai, Ahmedabad, Kolkata and Delhi, and will cover option Greeks, spread trading and volatility. For more information and to register for the upcoming seminars, please visit BSE’s website http://www.bseindia.com/.
Madhu Kannan, MD & CEO of BSE said, “As our markets evolve, a growing number of investors are looking at adding options to their trading and investment portfolios. We believe that increasing awareness of the benefits and risks of these instruments through training and education is a critical responsibility in our efforts to grow our markets. The BSE is excited to collaborate with OIC to leverage strengths of both institutions’.
Gina McFadden, OIC President said, “We are looking forward to working with BSE. This partnership provides OIC with an excellent opportunity to expand options education throughout India as we continue increasing our global outreach to help investors understand the benefits and risks of equity options.”
About BSE
Bombay Stock Exchange is one of India’s leading exchange groups and has played a pre-eminent role in the development of the Indian capital market. BSE is a corporatised and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Börse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments and derivatives. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and training. It has a global reach with customers around the world and a nation-wide presence.
About OIC
OIC is an industry cooperative funded by BATS Options, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ OMX PHLX, NASDAQ Options Market, NYSE Amex Options, NYSE Arca Options and The Options Clearing Corporation. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational websites at www.OptionsEducation.org, www.OptionsEducation.org/advisor and www.OptionsEducation.org/institutional, live seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
Media Contacts:
BSE
Samata Patil, Phone: +91 22 2272 8376, Mobile: +91 98194 70506
Ketan P. Mehta, Phone: +91 22 2272 8321, Mobile: +91 98209 42920
e-mail: corp.comm@bseindia.com
OIC
Jim Binder
Director of Public Relations
1-312-322-9853
jbinder@theocc.com
www.OptionsEducation.org