TRADING & TREASURY MANAGEMENT SIMULATION TRAINING@THE DEALING ROOM

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1 TRADING & TREASURY MANAGEMENT SIMULATION DEALING ROOM Leading Excellence in Banking & Finance

2 OUR PARTNERS CapitalWave provides truly dynamic educational simulation training platforms. CapitalWave s instructors, consultants and management team have a wealth of financial knowledge and experience and have designed, developed and delivered training programmes globally to many of these leading capital market banks and financial institutions Amplify Trading was founded in 2009 and has three core operations of business: 1. Proprietary trading across all major asset classes 2. Professional development using trading technology for live & simulation-based training 3. Market analysis and research for clients Part of Henley Business School, the practical application of finance theory is one of the ICMA Centre s key advantages. This integration of theory with practice is achieved through the use of the Centre s three state-of-the-art dealing rooms. With over 100 terminals, All equipped by Thomson Reuters, the terminals run the latest industry simulation software as well as the Centre s own simulation software platforms; ICTrader and StockTrak. Amplify Trading delivers training to the world s leading global banks using its proprietary trading and simulation platforms. The BIBF Dealing Room has a Live link to Amplify Trading s dealing room in London. Participants will be exposed to the Live trading activity of Amplify s trading team. The CISI is the largest and most widely respected professional body for those who work in the securities and investment industry in the UK and in a growing number of major financial centres around the world. Formed in 1992 by London Stock Exchange practitioners, we now have more than 40,000 members in 110 countries. Thomson Reuters is the world s leading source of intelligent information for businesses and professionals, combining industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. SimArch was founded in 1999 and has developed simulations related to commercial banking businesses. The simulations model all key components of a commercial bank and its operating and regulatory environment. SimArch has conducted over 450 workshops in more than 40 countries. SELECTIVE CLIENTS OF BIBF S PARTNERS

3 The BIBF Dealing Room is a state of the art facility, the first of its kind in the MENA region, which powers technologyenabled learning by doing. The facility has over 20 trading stations, fully-equipped multimedia and market tools such as Bloomberg and Thomson Reuters Eikon. In order to provide cutting-edge training expertise and technology, BIBF has partnered with specialist training and technology providers in the UK and US. Our partners have a successful track record of providing training to bulgebracket global banks, including JPMorgan, Citigroup, HSBC, Morgan Stanley, Barclays Capital & Deutsche Bank. A comprehensive range of courses are offered, covering subjects of interest to professionals in the financial sector across Treasury, Investments, Capital Markets and Risk Management.

4 SIMULATION TRAINING IN TRADING & TREASURY DEALING ROOM

5 TRADING, MARKET MAKING & PORTFOLIO MANAGEMENT This unique five day module is designed to give participants a practical front desk experience on both the buy side and sell side of the financial industry. The course is delivered utilising trading terminals and cutting-edge technology, including live and simulated markets. The first three days will be dedicated to trading and managing risk in live market conditions and across multiple asset classes as COURSE STRUCTURE This course will be delivered in the BIBF Dealing Room. Each day will start with three hours of lecture delivery before candidates move to their trading desks to implement the theory taught by using cuttingedge trading software in live and simulated market conditions. TARGET AUDIENCE This programme would be beneficial to individuals working in the following roles: Dealers Proprietary traders Treasury sales Treasury back and middle office Investment analysts Portfolio managers Risk managers/analysts Legal and compliance officers candidates develop detailed understanding of contemporary price drivers, technical analysis and the dynamic interdependencies of asset price correlations. For the last two days candidates will manage client deal flow from the objective of a sellside bank as they act as market makers and maximise commission whilst maintaining a low exposure to risk. This programme takes place on a dedicated trading floor, allowing candidates to apply theory at their own trading desks, in live and simulated market environments. LEARNING OUTCOMES By the end of this practical course participants will be able to: Understand through direct experience the objectives of an investment bank (sell side) trader in comparison to one of a buy side institution. Understand the concept of market making and the difference between order driven and quote driven prices Learn through practical application the key concepts of risk management as you manage positions in uncertain market environments Gain first-hand experience in the importance of behavioural finance and trading psychology within an environment of uncertainty and risk Receive live mentoring support and advice from experienced traders at Amplify Trading based in London as they continuously monitor your trading and market making performance throughout the course Receive trading reports breaking down your performance and providing feedback regarding your trading and market making skills and coaching on areas for improvement difference between order driven and quote driven prices A PRACTICAL COURSE IN TRADING, MARKET MAKING AND PORTFOLIO MANAGEMENT DAY 1: TRADING EQUITY INDICES AND CURRENCY PAIRS Objectives: To introduce and submerge candidates into contemporary market dynamics and familiarise candidates with the core concepts driving asset prices in today s markets. Candidates are trained on how to use the institutional trading software and implement risk limits and technical analysis trading across equities and currency pairs. Test trading strategies taught during the day, including both classic and aggressive approaches.

6 08:00 12:00 Analysis of contemporary macroeconomic drivers from the credit crunch to the Eurozone crisis and the global recovery The structure of global markets and how they function Exposure to currency markets and current value drivers Impact of asset class correlations on trading strategies Tech analysis: Support/Resistance/Trends Set up trading systems Candidates apply theory taught trading across EU equity indices and leading currency pairs at their own trading stations Candidates receive trading reports breaking down their performance and providing feedback regarding their trading skills and coaching on areas for improvement DAY 2: TRADING BONDS AND COMMODITIES Objectives: To apply bond theory taught across different durations of US Treasuries and German government bonds. Trade across the yield curve and understand the effect of contemporary monetary policy on fixed income valuations. To apply a practical understanding of price discovery in energy products and the precious metal market, trading Nymex crude oil and gold futures on Globex. To apply more advanced technical analysis tools and implement more advanced risk management protocols. 08:00 12:00 Charting techniques session; Pennants, Head & Shoulders, Continuation/Reversal patterns. A practical understanding of the yield curve and how to trade it The contemporary role of central banks and their intervention in global bond prices Trading oil and gas; a study of today s energy markets Role of Gold within a portfolio Candidates apply theory taught trading across different commodity and fixed income products and durations at their own trading stations Candidates receive trading reports breaking down their performance and providing feedback regarding their trading skills and coaching on areas for improvement DAY 3: MULTI-ASSET CLASS TRADING STRATEGIES, RISK MANAGEMENT AND TRADING PSYCHOLOGY Objectives: To introduce through practical experience, the psychology of risk as traders have their trading accounts rebalanced and they execute across all assets in direct competition during the day. Performance will be judged not just on profitability, but how that profit is made. Candidates will be taken through profiling techniques to assess their approach to risk and receive qualitative feedback on their decisions at the end of the session. 08:00 12:00 Impact of trading psychology on portfolio performance Behavioural finance principles Risk management and performance measurement Candidates apply theory taught across all assets at their own trading stations. Account balances are re-set and candidates operate in direct competition with one another to enhance the importance of the trading decisions made and better explore the psychological impacts of risk Candidates receive trading reports breaking down their performance and providing feedback regarding their trading skills and coaching on areas for improvement Candidates now move to the sell side market making part of the course. The first day will focus on operating within order driven markets and the second day will focus on less liquid quote driven markets.

7 DAY 4: MARKET MAKING (1) Objectives: To introduce candidates to the differences in roles and objectives between buy side institutions and those that operate on the sell side, and to help them understand the need for market makers and how they are incentivised to provide deals for their clients. 08:00 12:00 Order driven versus quote driven markets A study of information flow from trade idea to the unwinding of risk at a sell side bank A practical exercise in price making Technology set up and familiarisation with the software Candidates are split into two groups to operate either as a sell side or buy side trader as they re-create the flow trading processes on live and simulated equity (order driven) market prices at their own trading stations. Candidates swap roles to learn about the other side of the financial transaction DAY 5: MARKET MAKING (2) Objectives: To advance candidates onto market making for products traded in quote driven markets. Candidates learn directly the challenges presented by variable liquidity and volatility. 08:00 12:00 A recap of Market Making (1) An advanced study on variable liquidity and volatility and what it means for investment banks Candidates are split into two groups to operate either as a sell side or buy side trader as they re-create the flow trading processes on live and simulated bond (quote driven) market prices at their own trading stations. Candidates swap roles to learn about the other side of the financial transaction Individual feedback and performance review and course round up

8 BIBF plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training solutions in the areas of Accounting and Finance, Academics, Executive development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution. BIBF covers a wide spectrum of subject matter, with over 300 different courses offered to the financial and corporate market; tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with major international organisations. BIBF continues to exceed global benchmarks for many of the qualifications it offers with its affiliates. Contact Details: Tel: dealing@bibf.com