NSE Management Development Programme Series DAY MANAGEMENT DEVELOPMENT PROGRAM ON OPTION STRATEGIES & ALGO TRADING

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1 NSE Management Development Programme Series DAY MANAGEMENT DEVELOPMENT PROGRAM ON

2 P R O G R A M M E OVERVIEW Workshop on Option Strategies & Algo Trading is a course designed to provide comprehensive and detailed analysis of various Option Strategies along with detailed overview of Algo Trading terminal. ABOUT THE WORKSHOP This workshop will enrich your Option trading knowledge in terms of Option Greeks, Portfolio Management and Various Option strategies. It will also make you understand how to deal with Algo trading and use it to your benefit while implementing different strategies with changing market scenario. PROGRAM OBJECTIVE The primary objective of this course is to equip the candidate with all trading knowledge, speed and accuracy, judgment, decision making and patience. Benefits of this course: - After completing this course you would be equipped with sound knowledge in Options, Option Greeks and various Option strategies. - After Completion of the course you will be able to use Algo Trading to execute various strategies. 1

3 P R O F I L E O F S P E A K E R S Mr. Vivek Sheth is a highly experienced Option training consultant, and a seasoned option trader working as Chief Strategist with Silver Stream Equities Pvt.Ltd, managing the institute's risk & investment. On board with Greeksoft Technologies Pvt. Ltd as Director - Product Development, responsible for research and development of new trading and portfolio risk management techniques. He is a well known icon in the field of Options Training Programme being conducted by him since past 7 years. Till date more than 1500 students/dealers have been trained by him. He has also conducted corporate training for many leading trading member organizations. Mentored participants at various trade training program conducted by the Exchange. Mr. Rahul Yesale works as Senior Business Development Executive at Greeksoft Technologies. His focus area extends to process automation, maintaining trading infrastructure, designing and trading algo strategies. 2

4 P r o g r a m C o n t e n t Day 1 SESSION TIME TOPIC Session AM AM Introduction to Algorithmic Trading - Decoding the jargon: Algorithmic Trading, Automated Trading, Market Making. - Evolution of algorithmic trading. - Why should you do Algorithmic Trading - Benefits of Algorithmic Trading? - Global & Indian trends - volumes generated, etc System Architecture and its impact on trading performance - Internal components of an algorithmic trading platform and their interaction - External components - adaptor communication with destinations, communication standards and protocols (FIX, etc), TAP servers, multi TAP and invitation management - Technological setup for Indian markets - network connectivity; different trading environments (mock, test); colocation vs non-colocation; tbt vs snapshot; native api vs FIX connectivity - In-house vs Ready to Use Products AM AM COFFEE BREAK Session AM PM Different types of algorithmic trading strategies - Technical / Chart Trading using algo - Execution strategies: TWAP, VWAP, IS, etc - Alpha seeking strategies: Market-making, arbitrage - Different types of arbitrage strategies - Equity segment strategies: Basket Trading, Technical analysis, pair trading - Option Strategies: Volatility Trading, Volatility Smile & Skew Trading, Various other Option strategies - Multiple exchange strategies: Smart Order Routing strategies - Order Book Dynamics based trading strategies 1.15 PM PM LUNCH Session PM PM Rules and Regulations - Auditing Process and Requirements (NSE defined) - SEBI recommendations on audit - Exchange audits - Technology and System audits - Compliance Requirements - Strategy approval process for Indian exchanges Risk Management specific to Algorithmic Trading - Risk Management for Trading Operations - different sources of risk, evaluation methodologies to quantify and set limits - Additional Risk Management issues in Automated Trading - Common errors encountered in Algorithmic Trading - Risk Management requirements for Indian Exchanges 3.30 PM PM TEA BREAK Session PM - 5 PM INTRODUCTION TO OPTIONS OPTION PRICING - Non - Quantifiable Factors - Quantifiable Factors - Understanding Volatility - Historical Volatility - Implied Volatility - Difference between Historical & Implied Volatility 3

5 P r o g r a m C o n t e n t Day 2 SESSION TIME TOPIC Session AM - 10:30 AM OPTION STRATEGIES - Bullish & Bearish Strategies - Straddle & Strangle Strategies - Calendar Spread Strategies - Butterfly & Condor Strategies - Box Strategy / 4 Leg Strategies - Conversion - Reversion - Call Put Parity 10:30 AM AM COFFEE BREAK Session AM PM Options Risk Parameters - GREEKS: DELTA, THETA, VEGA, GAMMA - Definitions 1.00 PM PM LUNCH - Important Properties of various Greeks - Effect of Greeks due to Change in Other Variables - Understanding portfolio Greeks - Methods to neutralize Greeks Session PM PM VOLATILITY TRADING 3.15 PM PM TEA BREAK - Concept of volatility trading - Understanding the best time to trade volatility - Volatility trade with respect to other Greeks - Implications of Long versus Short Volatility trading Session PM - 5 PM Implementation of Option Strategies & Volatility Trading on Algo Trading Terminal. 2

6 WHO SHOULD ATTEND? The workshop is ideal for Traders, Investors, Brokers, Sub-brokers, Dealers, Fund Managers, Corporate Executives, Financial Intermediaries, Media, Journalist & anyone who wants to learn Algorithm Trading. W O R K S H O P D E T A I L S MANAGEMENT DEVELOPMENT PROGRAM IS A TWO DAY EXECUTIVE WORKSHOP Date: May 7 & 8, 2016 Time: 9:00 AM to 5:00 PM 3rd Floor, Grand Bay, Kattakara Junction, Kaloor Kadvanthra Road, Kaloor, Ernakulam: FEE & REGISTRATION Fees: Rs. 7,000/- (including service tax) PAYMENT MODE: DEMAND DRAFT Account payee demand draft drawn in favour of "NATIONAL STOCK EXCHANGE OF INDIA LIMITED", payable in Chennai, should reach NSE on or before may 4, 2016 FOR ANY FURTHER QUERIES AND FOR ONLINE PAYMENT OPTION PLEASE CONTACT Ravi Jain: Tel: Mob: ravij@nse.co.in Limited Seats 4

7 MDP NOMINATION FORM 2 DAYS EXECUTIVE WORKSHOP ON Step 1. Take a printout of this Nomination Form Step 2. Fill the Nomination Form with the required details Step 3. Make a Demand Draft of Fees: Rs. 7,000/- (including service tax) payable at Chennai in favour of "National Stock Exchange of India Limited" Step 4. Send the Demand Draft along with completed registration form and Copy of pan card to Ravi Jain: Tel: Mob: ravij@nse.co.in National Stock Exchange of India Limited 3rd Floor, Grand Bay, Kattakara Junction, Kaloor Kadvanthra Road, Kaloor, Ernakulam: Details Participant 1 Participant 2 Participant 3 Name id Mobile Date of Birth Designation Organisation Years of experience in Stock Market Sponsored by: a) Self b) Company How did you come to know about the program: a) SMS b) c) Facebook d) NSE website e) Friends Correspondence Address:... Pin Code:... Programme Opted For: Date:... Payment Details: Amount (Rs.)... Demand Draft No.... Date of DD... Bank...

8 NATIONAL STOCK EXCHANGE OF INDIA LTD. Exchange Plaza, Plot no-c1, G block, Bandra-Kurla Complex Bandra (E), Mumbai Tel No - (022) cc_nse@nse.co.in Website:

2 DAYS EXECUTIVE WORKSHOP ON ADVANCED OPTION TRADING & STRATEGIES

NSE Management Development Programme Series 2015-16 2 DAYS EXECUTIVE WORKSHOP ON ADVANCED OPTION TRADING & STRATEGIES An initiative under P R O G R A M M E OVERVIEW Advanced Option Greeks is a course designed