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Introduction to Commodity Derivatives: CLASSROOM

Course Information

Price£900.00 + VAT
Duration1 day
LocationLondon
Available Dates
February 17, 2025Register Now
May 09, 2025Register Now
September 05, 2025Register Now
November 14, 2025Register Now

Who Should Attend

  • New traders and brokers
  • New entrants to the futures and options markets
  • Support and operations people involved in the commodity markets
  • Sales and marketing personnel
  • Individuals working in organisations such as: trading companies, banks, brokers, commodity producers, consumers, refiners, distribution companies, government and associated organisations.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

Session 1

- Introductions

- Course structure & agenda

- Derivatives

o Definitions

o Key types

o Comparisons with trading physical

o Underlying asset classes

o Derivatives exchanges

- Q&A session

- Exercises

Session 2

- Futures

o Definition

o Standardised features

o Examples

o Settlement & marking-to-market

o Clearing & margin

- Q&A session

- Exercises

Session 3

- Futures continued

o Futures v forwards

o The order-trade-clearing process

o Trading physical v trading futures

- Key language

- Understanding a trading screen

- Q&A session

- Exercises

Session 4

- Evolution of derivatives

- Using derivatives:

o Hedging

o Speculation

o Arbitrage

- Futures pricing & Fair value

- Cost of carry

o Contango

o Backwardation

- Q&A session

- Exercises

Session 5

- Futures spreads

o Calendar spreads

o Rolling

o Spreads and speculation

o Spread liquidity

- Q&A session

- Exercises

Session 6

- Analysing futures markets

o Fundamental analysis

o Technical analysis

- Introducing options

o Definitions

o Key features

o Comparison with futures

- Course summary

- Explanation of post-course resources

- Q&A session