In this course we will explore and define what a fixed income future is, how they work and how it might be typically used to either hedge or speculate on future interest rates by market participants. You will also gain a clear understanding of the pricing relationship between the underlying bond and interest rates through looking at typical bond and short-term interest rate product examples. We'll be using ICE Connect - a cutting-edge application - that provides real futures data to bring a practical application element to the course.
This virtual course is one of the ICE Education LIVE programs. We provide three phases to the course:
1. Pre-course: Access to the ICE Education learning platform for on-demand primer content.
2. Live Virtual Sessions: Trainer led live video sessions (as per the outline below). These are short focused sessions with practical activity and interaction throughout.
3. Post-course: On-demand content remains available and an optional live video clinic session is scheduled for one week post course for any learning points you'd like to revisit.
All course payments must be received one day prior to the start date
|Price||£795 + VAT|
|Location||Virtual: EMEA Time Zone|
Who Should Attend
As the title suggests, this course is aimed at (currently) non-traders with little or no existing knowledge of this subject area.
0900 -0920: Technology check -we ask delegates to login ahead of the official start time to ensure all links and technology is working.
0930 - 1015: Session 1
- Introductions and overview of course agenda including opportunities for Q&A and exercises throughout the course
- Products & geography - the importance of global markets
- Key exchanges - history, rankings and time zones
- Market participants - the different roles they play
- Short-term interest rate futures (STIRS) - a brief overview of the building blocks of the market
- Government Bonds - The benchmarks for long term interest rates
1030 -1115: Session 2
- Understanding contract specifications
- The role of the Clearing House
- Margin - how it works and sourcing information
- Settlement and marking-to-market
1130 -1215: Session 3
- A more detailed look at STIRs - Short Term Interest Rates
- How STIRS are priced, their characteristics and basic trading techniques
- Wholesale markets - the "underlyingplumbing of the marketplace
- Interest rate benchmarks - their evolution and context
1315 -1400: Session 4
- The key features of Bond futures
- Functions of the bond market
- Risks and benefits associated with Bonds
- Key language and terminology
- Yield Curves - the visual representation of prices
1415 -1500: Session 5
- The pivotal role of Central Banks
- How Central Banks control interest rates via market intervention and communication
- Macro and micro influences - the significance of data and where to find it
- Further factors including fiscal policy and Black Swans
1515 -1600: Session 6
- How traders view the markets - ladder views and exploring the matrix
- Correlated markets - the influence of globalisation
- A look at the influence of the FX market
- Course summary
- Final Q&A session
- Explanation of post-course resources