Mumbai, July 18 (UNI) Multi Commodity Exchange of India (MCX) and the University of Petroleum&Energy Studies (UPES) has entered into a mutually co-operative agreement to provide professional training resources in the field of energy trading in commodity markets.

MCX's Joint Managing Director Lamon Rutten and Vice-Chancellor, UPES Dr Parag Diwan, signed the agreement on behalf of their respective organisations.

UPES, is a UGC recognised university which offers academic programs in Engineering and Management dedicated to the energy, transportation and mining sectors.

In a release issued here today Mr Rutten said, ''Lack of energy trading professionals limits the overall potential of the segment in commodity markets. Under the aegis of this alliance, we will introduce educational programmes for MCX members and their representatives, personnel employed in the public and private sector as well as students.'' Dr Diwan said, ''We expect to successfully address the existing demand-supply gap in the industry through this venture. Further, this partnership will enable us to offer students a deeper understanding of the sector and the change in operating paradigms, besides other benefits such as placement assistance.'' Meanwhile, MCX Managing Director and CEO Jignesh Shah said, ''Energy Independence is a long-standing dream of the Indian society and we appreciate the efforts UPES has undertaken in creating a pool of professionals for the sector. We are extremely pleased to partner with UPES to further strengthen training initiatives in the area of energy management with special focus on energy trading in commodity markets.'' UNI AR MJ VKG1720