Trader Boot Camp Commodity Futures and Index Options

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1 Trader Boot Camp Commodity Futures and Index Options ICE Education and The Trader Training Company (TTC) have combined their expertise in Energy Markets, high frequency finance and electronic trading to offer an Energy Futures and Commodity Trader program in London. The content and delivery of the program are unique to the commodity markets industry with ICE and TTC specializing in delivering core skills and competencies that are required by energy futures traders, portfolio managers, suppliers and wholesalers, brokers and related front- office staff. The objective of the program is to provide theoretical knowledge and practical understanding of Energy markets, Commodity Futures and Index and Stock Options trading strategies at the highest level. The program offers a mix of classroom based instruction, case study and practical trading exercises where attendees will experience the thrill of trading real-time simulated equity markets through the use of industry strength proprietary trading software. Attendees will be taken through a rigorous program of theoretical and practical education in Energy, Commodity and Stock markets. Those attendees who pass the three trader training modules, will successfully complete the TTC/i4MT Commodity Futures and Options Trading Certificate The program offers: Intense trader training with full-time practical trading sessions in Trading room using realtime professional proprietary trading and market data software Energy trader training from industry experts who are currently trading themselves Attendees who undertake the full 1-week seminar program will qualify for the TTC/i4MT Commodity Futures and Options Trading Certificate TTC/i4MT Commodity Futures and Options Trading Certificate The TTC/i4MT Commodity Futures and Options Trading Certificate has been created by market professionals for those already in the industry or seeking to join the industry who require a large body of knowledge to be made available to them quickly and efficiently. Graduate students, energy company employees, traders, technology workers, market regulators, academics, and those involved in trader risk management often find it difficult to gain relevant and useful knowledge outside of their sphere of influence in the workplace, knowledge that has an immediate impact on their working efficiency and potential success. As a practical qualification, the TTC/i4MT Commodity Futures and Options Trading Certificate covers a large area of energy industry knowledge and is geared at those newly entering the market as well as professionals who are looking to update and broaden their knowledge of: Global energy markets and their participants Energy trading products and their uses Trading strategies used by professional traders in spot and derivative Energy markets Market micro-structure, order routing, trade management and risk

2 Energy Market trading, market data and news services Automated trading systems and algorithms Unlike most financial markets courses that rely heavily on theory, the Trader Training courses are designed to be practical and completely up to date in their industry information. Such knowledge can be transferred from the classroom to the workplace seamlessly. Each course Module attendee is given a comprehensive course workbook that clearly defines and identifies the structure and goals of the course, the course syllabus, the associated reading material and a breakdown of specific learning tasks that the attendee is likely encouraged to achieve. At the conclusion of the course, the instructor is available for a period of at least four weeks to answer questions from the attendees by . The Boot Camp modules Module 1: 501 Energy Futures Trading TTC The Mechanics of Global Energy markets TTC Energy trading instruments and product types TTC Inter-market Relationships: Oil, Gas Oil, Petroleum, Natural Gas and US Dollar Module 2: 502 Trading Oil Derivatives TTC Brent Crude, Heating and Gas Oil: Crack Spread trading TTC Energy Futures Calendar Spreads and Options trading strategies TTC Inter and Intra market trading Strategies Module 3: 503 Practical Energy Futures Trading Strategies TTC Outright Futures Trading and Strategy Analysis TTC Risk Management and money management techniques TTC Futures spreading and combination trades TTC Developing Trading skills: Scalping, Position taking and Breakouts Module 4: 504 Options Pricing, Volatility and Trading TTC Options Terminology and Volatility Skew TTC Pre-trade analysis and Options Greeks TTC Options Trading Strategies TTC Practical Options Trading Techniques Module 5: 505 Commodity Futures Trading TTC Soft Commodity and Agricultural Markets TTC Pre-trade analysis and the growing use of automated smart tools TTC Technical Analysis Techniques for Trading Commodity Futures TTC Futures Spread Trading and Combination Trades

3 Syllabus Information Module 1: Energy Futures Trading Module profile: Introductory to Intermediate Module 1 introduces the student to the momentous changes taking place in the Energy Markets and describes the various market participants and their roles. We highlight the growing use of energy trading products by different market participants and the interrelatedness of energy markets to the wider financial market place. We cover the role of interest rates, supply and demand cycles and market momentum in energy trading and describe the basis upon which the energy markets work. Our objective is: To describe how energy markets work, raw energy sources, traditional industry participants, alternative products and markets To explain the intricacies of the supply and demand cycles and how they influence the price movement of energy trading products To describe the interrelationships between energy markets and other financial markets including equities, FX, bonds and commodities. To explain how energy markets are regulated To describe important global governance, market oversight and regional influences on the conduct of energy markets To provide detailed analysis the ways that electronic trading opens up opportunity for traders to trade a variety of energy trading instruments Module Topics TTC The Mechanics of Global Energy markets Energy market mechanics Raw material production, distribution and usage measures Energy industry participants, their roles and practices The influence of global interest rates, business cycles and the value chain The mechanics of supply and demand cycles The monthly economic calendar and important statistics announcements TTC Energy trading instruments and related product types The ICE Brent/WTI Crude complex The various oil distillates: Gasoil, heating oil, propane and natural gas US, Middle Eastern and Northern European Oil Markets TTC Inter-market Relationships: Oil, Gas Oil, Heating oil, Natural Gas, Electricity and US Dollar How each element of the energy markets influences the others The role of the interest rates, the US Dollar and other global currencies in the price movement of energy products Energy market relationship to metals and industrial products markets Influence of the consumer on energy markets

4 Module 2: Trading Oil Derivatives Module profile: Introductory to Intermediate Oil Traders are being offered a greater choice of trading activity including more complex strategy trading opportunities, multi-product arbitrage, market making and cross-border trading. In addition, exchanges and front-end trading system providers are offering enhanced functionality for the trader to use. Module 2 describes how traders can make the most of these opportunities. Our objective is to: Provide detailed analysis the ways that energy derivatives trading opens up opportunities for suppliers, wholesalers and traders Describe the trading opportunities in energy products with established exchanges and Overthe-Counter networks Introduce the technical and functional requirements for trading energy products Examine the requirements for hardware, energy trading software, charting technology and risk management software Module Topics TTC Brent Crude, Heating and Gas Oil: Crack Spread trading What is the crack spread? How is it traded? How to optimize and risk manage the spread Trading energy market volatility TTC Energy Futures Calendar Spreads and Options trading strategies Futures trading, time series and calendar spreads Long call, long put, straddles and strangles Synthetic forwards using futures and options Position taking on forward price expectations Electricity Strip Futures TTC Inter and Intra market trading Strategies US Dollar leading indicator Metals versus oil/electricity US T Bond versus oil/natural gas Energy Swaps and EFPs Module 3: Practical Energy futures trading Strategies Module profile: Introductory to Intermediate Energy markets have become increasingly complex and more broadly traded as a variety of product types with associated trading instruments have emerged that enable a range of traders and investors to trade them; futures, forwards, ETFs, Indices, options and CFDs are a few of the instruments now available to traders and it is important that they are aware of the ways in which these instruments are traded, their format and the decision-making behind their use. This module breaks down each traded instrument and describes the trading strategies behind them. Attendees are encouraged to create their own interpretations of the strategies we cover, to trade using professional trading software and to experiment with different order placement techniques. Our objective is to: To provide detailed analysis of a variety of trading strategies including breakouts, range trading, trend analysis To describe the procedures that need to be followed in order to set up an electronic trading operation

5 To examine the requirements for hardware, trading software, charting technology and risk management software Module Topics TTC Order entry techniques and trade management tools Loading orders, placing orders and monitoring trades Cross product order entry techniques Spreads and combinations Market making and OTC pricing Simple and aggressive Hedging techniques TTC Risk Management and money management techniques Open position risk assessment and monitoring Portfolio management techniques True hedging techniques TTC Futures spreading and combination trades with options Dynamic use of the futures strip Trading software spread trading programs TTC Developing Trading skills High frequency Futures trading Diming, fast order entry and Scalping Market timing Loss mitigation and recovery Module 4: Options Pricing, Volatility and Trading Module profile: Intermediate to Advanced The objective of Module 4 is to provide theoretical knowledge and a practical understanding of exchange traded options. The course will offer a mix of classroom based instruction, case study and practical trading exercises where students will trade on a simulated market using Sol-3 software in a trading lab/trading room environment. Participants will be expected to have a basic understanding of options, although a review of basic options terminology will be provided. The course does not delve into the mathematics behind various options pricing models. Participants will leave the course having achieved a through understanding of option Greeks, the importance of Volatility and Skew, and various options trading strategies. During the Module, attendees will be able to apply the knowledge gained in the previous sessions and get a sense of how options trade in an electronic trading environment. Participants will build their own volatility and skew curves so as to obtain theoretical values from which they will be better able to determine entry and exit points for various options strategies that they may wish to implement based upon their own views on direction and volatility. Through the risk management software embedded in Sol3, students will also be able to see how risk/reward profiles change under dynamic market conditions. TTC Options Terminology and Volatility Skew What is Volatility and Skew? The Different types of volatility How is volatility used in modelling options prices? How does skew change under different market conditions?

6 TTC Pre-trade analysis and Options Greeks Description of the greeks and their sensitivities Description of how greeks change under varying market conditions How greeks play an important part in risk management TTC Options Trading Strategies Directional Trading Strategies Volatility strategies Combination trading strategies TTC Practical Options Trading Techniques Build and use volatility strategies and skews using professional trading software (Sol-3) Establish risk/reward profiles and manage trading risk Module 5: Soft Commodities and Agricultural Markets Module profile: Intermediate to Advanced Module 5 looks at the trading capabilities of soft commodity markets and agricultural futures including soy bean, soy bean meal, wheat, corn and coffee. Attendees will trade these commodity futures via a professional electronic trading front-end system. Our objective is to: Describe the functions of the softs and agricultural futures markets Demonstrate trading strategies and techniques to trade these markets Show how pre-trade analytics can be used to assist trading decisions Describe the range of automated trading tools available Detail the technical analysis options available to traders and which types of analysis work well for energy markets Course Topics TTC Soft Commodity and Agricultural Markets Describe the markets and the trading instruments available Examine the inter-relationships between the main trading commodity futures TTC Pre-trade analysis and the growing use of automated smart tools The science of pre-trade analytics Moving on from Transaction cost analysis (TCA): new theories with regard to pre-trade analytics Trade triggers and smart order entry tools Cross-border market trading tools and techniques TTC Technical Analysis for Trading Commodity Futures Support and resistance levels Momentum and volume analysis Price action clusters and concentration of trading activity Fibonacci retracements, moving averages and relative strength analysis TTC Futures Spread Trading and Combination Trades Different Spread trading techniques Automated Spread trading opportunities

7 Programme Pricing and Booking Information Venue Computer Lab W307 School of Economics Queen Mary, University of London Mile End Road London E1 4NS Full 1-Week Programme: Trader Boot Camp (Including: The Energy Futures Trading Course, The Stock and Index Options Trading Course and The Commodity Futures Trading Course: TTC/i4MT Certificate) Time: 9.30am-5.00pm Fees: 2995 Students: 1995 Attendees will receive: The full TTC/i4MT Commodity Futures and Options TRading Certificate. 2-Day Programme Energy Futures Trading Course Time: 9.30am-5.00pm Fees: 1295 Students: 795

8 2-Day Programme Stock and Index Options Trading Course Time: 9.30am-5.00pm Fees: 1295 Students: Day Programme Commodity Futures Trading Course Time: 9.30am-5.00pm Fees: 695 Students: 395 Booking and Course Registration There are only 15 available places on the trader boot camp so contact us early for booking and course information. Cancellation Policy: All efforts will be made to offer a fair response to cancellation of the course attendance. Course attendance can be cancelled at any time prior to the course commencing, in writing. If attendance is cancelled with over 30 days remaining before the course starts, a full refund of monies paid minus a 40 administration charge will be issued. If a cancellation request is received with between 29 and 7 days remaining before the course starts, a deduction of 10% in addition to the administration charge will be made before a refund is issued. If attendance is cancelled less than one week before the course starts, 50% of the monies paid in addition to the administration charge will be deducted before a refund is issued.