ISLAMABAD (APP) - The Securities and Exchange Commission of Pakistan (SECP) has established an Institute of Capital Markets that would provide a permanent platform for the development of skilled and certified professional intermediaries to meet the emerging needs of the markets and also create standards. The institute will develop a pool of trained and certified professionals to deal in conventional instruments and who can also develop and trade new and complex capital market products like options, index, exchange trade fund and commodity futures SECP sources told APP. The Institute, the sources said would develop curriculum and conduct various licensing examinations leading to certification for different segments of the capital market. The ICM, they further said would also provide a platform for research and development of exchange of ideas and consulting services on capital market issues. They added that the Commission has contributed Rs.10 million as seed capital of the institute, while other stakeholders have subscribed Rs.1.0 million each. Through mid course adjustment on ongoing programme, the commission has been able to get some support for the ICM from the World Bank and some technical assistance support from Asian Development Bank. An affiliation and alliance for Mutual Recognition Agreement with a reputed international university or institute is also on the cards, they remarked.