Objective:
a
comprehensive 3-day programme covering all aspects if the financial
markets such as the needs of the participants, securities and derivatives,
portfolio considerations, risk management, operational considerations:
·
Who
are the participants and what do they need
·
Cover
all of the key securities, derivatives, and structured products in all
asset classes
·
Examine
portfolio effects and management with consider of portfolio risk/return
management over the holding period
·
Risk
management from both the investor/trader perspective as well as the from
the risk manager’s perspective
Audience:
·
market maker, prop traders,
sales, support, structurers
·
management, treasurers, Risk Management
1)
Overview:
The “big picture” introduction to the basic tenants of financial
markets including the participants (investors, hedgers, lenders,
borrowers, etc) with attention to the needs (risk/return and usage) of
each of the participants.
2)
Finance Basics: the
building blocks of financial markets including detailed assessment of
arbitrage (what it means and what it does not mean in the real world),
present value theory, the importance of funding, interest rate parity,
liquidity in theory and practice, credit, and a wide range of “reality
impact” such transaction cost, trading gaps and so forth.
3)
Securities:
examination of all major securities in all asset classes.
4)
Derivatives
(non-contingent): examination of all key forward based contracts
(futures, forward, swaps) in equity, interest rate, foreign exchange, and
commodity markets. Particular
attention is given to the theory vs. reality issues, and idiosyncrasies of
the contracts and markets.
5)
Derivatives
(Options): valuation
and risk of products with contingent or uncertain terminal values –
looks at payoffs of calls/puts and how the values are effected by market
movements, covering all vanilla options and touching on the important
exotic options, with a an explanation of the valuation fundamentals that
apply to the real world. Introduction
to the Greeks.
6)
Structured
Products:
examination of more complex structures indicating the benefits/costs and
“wrinkles” from both risk/return perspective as well as from the
position management perspective.
7)
Portfolios:
examines
the problems of integrating and aggregating products into portfolios such
that net risks are managed and the portfolio benefits from risk
diversification, and importantly the impact of holding period strategy
under uncertain conditions.
8)
Risk
Management:
looks at the techniques of measuring/managing risk from both the position
keeping and risk management perspectives.
720
Pages of
comprehensive and extensively illustrated Handout Notes (see samples
here)
Plus copies of relevant TG2 Books/e-Books
Note:
Seminars can be tailored to your trading, risk, client, and systems needs.
Submit your needs, and/or "cut/paste" from other Seminars (see entire "standard"
list HERE)
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