VIRTUAL DELIVERY: Introduction to Commodity Derivatives

This virtual course is aimed at delegates with little or no existing knowledge of commodity derivatives. The live sessions are led by experienced traders and trainers who engage to bring theory to life through real-world insight to the derivatives markets.The aim of this program is to provide you with the basic concepts and tools of the Commodity Derivative markets. We draw on markets representative for all delegates to ensure relevance to every situation.

During these challenging times, all virtual courses are being offered at a discounted rate.
Enter code: C2020 on the booking form when checking out.

This virtual course is one of the new ICE Education LIVE programs. We provide three phases to the course:
1. Pre-course: Access to the ICE Education learning platform for on-demand primer content.
2. Live Virtual Sessions: Trainer led live video sessions (as per the outline below). These are short focused sessions with practical activity and interaction throughout.
3. Post-course: On-demand content remains available and an optional live video clinic session is scheduled for one week post course for any learning points you'd like to revisit.

Course Information

Price £750 + VAT
Duration 1 day
Location Virtual
Available Dates
Jun 08 2020  Register Now

Who Should Attend

  • New traders and brokers
  • New entrants to the futures and options markets
  • Support and operations people involved in the commodity markets
  • Sales and marketing personnel
  • Individuals working in organisations such as: trading companies, banks, brokers, commodity producers, consumers, refiners, distribution companies, government and associated organisations.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

  • 0900: Technology check in to ensure all technology working and that all delegates have required access.

  • 0930 - 1015: Session 1

- Introductions

- Course structure & agenda

- Derivatives:

o Definitions

o Key types

o Comparisons with trading physical

o Underlying asset classes

o Derivatives exchanges

- Q&A session

- Exercises

  • 1030 - 1115: Session 2

- Futures:

o Definition

o Standardised features

o Examples

o Settlement & marking-to-market

o Clearing & margin

- Q&A session

- Exercises

  • 1130 - 1215: Session 3

- Futures continued:

o Futures v forwards

o The order-trade-clearing process

o Trading physical v trading futures

- Key language

- Understanding a trading screen

- Q&A session

- Exercises

1315 - 1400: Session 4

- Evolution of derivatives

- Using derivatives:

o Hedging

o Speculation

o Arbitrage

- Futures pricing & Fair value

- Cost of carry:

o Contango

o Backwardation

- Q&A session

- Exercises

  • 1415 - 1500: Session 5

- Futures spreads:

o Calendar spreads

o “Rolling”

o Spreads and speculation

o Spread liquidity

- Q&A session

- Exercises

  • 1515 - 1600: Session 6

- Analysing futures markets:

o Fundamental analysis

o Technical analysis

- Introducing options:

o Definitions

o Key features

o Comparison with futures

- Course summary

- Explanation of post-course resources

- Q&A session