The second session consisted of an online real time simulation, which was also provided by the MCX. During this session, students were shown exactly how traders operate in the market. This was done in order to facilitate the application of knowledge gained by the students during the first sessions. The simulation was similar to the commodity market, with the same facilities being used such as the trading screen having information about rates, and buyers and sellers.
The sessions were presided over by Mr Arindam Saha. During the course of the first session, he discussed about the necessity of having a commodity exchange and the history of commodity exchange in India. He also explained the fundamentals and working of the commodity market. While not only providing theoretical inputs to the students, Mr Saha rounded off the discussion by talking about the recent rise in speculation, and how that would have an effect on the rates as well as the market.