Training offers a powerful tool for disseminating and deploying your strategy. Contact our sales team to see how we can assist you in conveying your vision.
Characteristics and Cash-Flow Schedules of Standard Derivatives
FRAs, futures contracts, CFD
FX swaps, IRS, equity swaps
Practical workshop
Create a fixed-floating Interest Rate Swap cash-flow schedule
Market dynamics and forward curve boot strapping
Main Uses of derivatives
Hedging
Speculation and relative-value trading
Over-performance strategy
Optimisation of existing positions
Practical workshop
Hedge interest rate and FX positions
Pricing Fundamentals
Risk factors
Discounting cashflows
Zero coupon valuation
Mark-to-Market calculation (fair value)
Specific option characteristics
Practical workshop
Calculate discount factors in EXCEL™
Build a Black & Scholes pricing spreadsheet in EXCEL™
Compare various options and choose relevant strategies
Sensitivities to Risk Factors
Mark-to-Market fluctuations
Sensitivities of conditional and non-conditional derivatives (Greeks)
Management principles
MARKET SIMULATION (FIRST TRADING ROOM™)
Simulation of option trading
Overview of the Main Exotic Derivatives
Non-vanilla swaps (quanto, CMS), variance swaps
Digital and barrier options and path-dependent and Bermudan options
Practical workshop
Graph the real buy/sell EUR/USD FX rate resulting from barrier option strategies used to cover import/export positions
Examples of Structured Products
TRADING SIMULATION (FIRST TRADING ROOM®)
. Trade the yield curve and volatility using all interest rate derivatives (FRAs, STIR futures, Swaps, caps&floors, swaptions, options on STIR and bund futures) under the constraints of limits in P&L and Greeks. Be confronted to several historical scenarios replicating real-life market conditions.
Know the mechanics and uses of derivatives for FX, Equity, Fixed-income and commodities markets
Understand how forward prices are priced
Know the fundamentals of zero coupon valuation
Understand the fundamentals of option valuation
Understand the concept and use of sensitivities
Anticipate the behavior of derivatives with market fluctuations (risk factors)
Understand the principles of the main hedging strategies
Understand market and counterparty risk associated to derivatives
Study of all aspects of derivative products in order to be conversant with financial market specialists
Essential knowledge for support staff, asset managers or customer advisers
Products illustrated in the current financial context
No mathematical or financial prerequisite
Trading simulation via the First Trading Room®, FIRST FINANCE virtual trading room
Salespeople / Fund managers / Financial intermediaries
