User:Institute of Capital Markets

INTRODUCTION TO ICM

Institute of Capital Markets (ICM), Pakistan’s first securities market institute, was established to meet the skill needs of capital markets through creation of a permanent platform to develop human capital with certified knowledge and undertaking of independent research. The Institute has been registered as a ‘Not-for-Profit’ company limited by guarantee with share capital under section 42 of the Companies Ordinance, 1984. The Institute has been mandated to conduct licensing certification examinations for different segments of the market and develop skilled professionals who are; i) familiar with international best practices; ii) sensitized to the need of ethical behaviour and; iii) capable to deal and advise on instruments that are currently traded and also on new products. ICM is also mandated to provide a forum for research and development, exchange of ideas and eventually consulting services to financial markets.

The Institute develops a pool of trained and certified professionals, skilled not only to deal in conventional instruments but also to develop and trade new and complex capital market products like options, index futures, and Exchange Traded Funds, and commodity futures. Pakistan capital markets face capacity constraints where minimum knowledge standards and lack of certified professionals are amongst the major impediment to developing of investor’s confidence. There existed a strong need for a dedicated institute, to conduct education and training of the market participants and to develop capital market practitioners.