This course focuses on various aspects of two essential markets for hedging of financial risk exposures: forwards market and futures market.
The first half of the course provides a concise practical introduction to the pricing mechanism, the hedging process, and trading techniques of forward-type contracts in the interest rate, equity, currency and commodity markets. The presentation takes a user-friendly approach to the explanation and illustration of core concepts.
The second half of the course explores the basic principle behind hedging using futures contracts. The first part of this half addresses the basics: the mechanics of futures contracts, the distinctive features of the futures market and the roles of clearing house. The remainder of the course emphasises the specific applications of these ideas to trading techniques of futures contracts in the interest rate, equity, currency and commodity markets.
Candidates can choose to enrol on any of the available class formats - Day Release, Weekend or Evening Series.