Published On : Wed, Jan 26th, 2022

“Derivative Pathshala: What need not be done in financial markets is more

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 CA Swapnil Ghate (Past Chairman – Nagpur Branch)

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‘Derivatives Pathshala’ was organized by Nagpur Branch. The webinar was hosted to enlighten the students and members about derivatives and enrich their knowledge about the financial markets.

CA Swapnil Ghate, past Chairman of the Nagpur Branch was the chief Guest for the session. In his inaugural address, he emphasized on the need of staying updated with the latest happenings and developments in the financial world. Derivatives are instruments wherein we need to understand not just how to use them but also to understand what need not be done while handling such a complex instrument. He also stated and elaborated the concept of financial literacy which has become the need of the hour.

CA Saket Bagdia, Chairman of Nagpur Branch of ICAI, welcomed the Chief Guest CA Swapnil Ghate, past chairman and expert speakers CA Jiten Saglani and Mr. Ajay Barik. He appreciated the efforts of WICASA students’ team for taking steps to conduct webinar on an informative and intriguing topic. He addressed the webinar by mentioning the eminence of the session and notable benefits that members and students would derive from the session. He also highlighted the importance of having an in-depth knowledge of the market to make sure you take your best foot forward as a beginner.

CA Jiten Saglani, Chairman of Nagpur Branch of WICASA, in his opening remarks stressed on the fact, “It’s not about being right about the market all the time, but being consistent learner as the market is a place full of opportunities”. He emphasized upon the significance of understanding the use of derivatives which are very important financial instrument since the day they had been invented. He further stressed upon the fact that derivative is a good tool when used in right manner and how the same can make an investor / trader’s life better.

The session was guided by a CA. Jiten Saglani who is SEBI Certified Securities Market Trainer (SMART) and Mr. Ajay Barik, a Technical Analyst having in-depth knowledge of the topic derivatives. The speakers started with the basics of Derivatives and made members and students understand the terms and terminologies used in the market. Starting with derivatives, its types they gradually moved to forwards and futures, index and stock futures. They also threw light on options, call and put options, option pricing open interest and rollover in a very detailed manner. The technical aspects of market dealt with topics like future payoffs, trading in futures and financial leverage. They supported the market theories with various practical examples which made it easier for members and students to get through the basics as well as understand the intricacies involved.

The session witnessed active participation of more than 60 participants and concluded with a question-and-answer round which made it a very interactive session.

The session marked the gracious presence of CA Anjali Choksey, Secretary of Ahmedabad Branch, CA Julfesh Shah, Past Vice Chairman of WIRC of ICAI and the managing committee members CA Sanjay Agrawal, Secretary and CA Akshay Gulhane, Treasurer of Nagpur Branch.

The seminar was aptly conducted jointly by Nagpur WICASA Team comprising– Mr. Ameya Soman, Miss. Aviral Barange, Mr. Karan Agarwal, Mr. Karan Tajne, Mr. Parag Jain, Miss. Radhika Taneja and Miss. Ravina Tayade.

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