|
LENGTH
3
hour modules to 3+ days, depending upon content and objectives
WORKSHOP OVERVIEW
These simulation workshops utilise
proprietary computer models to provide virtual sales and trading
environments for spot, forward, and options contracts in foreign exchange,
interest rates, bonds, commodities, or equities. These simulations are unique in that participants trade
against one another and determine market conditions through an integrated
network automated brokerage system. Periodically,
news items and customer calls are introduced to create trading/positioning
incentives.
Workshops can be designed for any
combination of markets, products, and degree of sophistication or
difficulty. Simulation
modules are often combined with and interspersed among product/market
lectures.
SUBJECT FOCUS AND CONTENT
Available for All Simulations
·
Techniques of market making and risk managing spot, forward,
and option products.
·
Product and market knowledge of foreign exchange, interest
rates, bonds, commodities, and equities.
·
Market practices in automated brokerage, quotation, and
customer service.
·
Impact of news upon market conditions.
·
Pricing customer deals.
·
Managing market risk through position limits or Value at
Risk (VaR).
·
Managing customer counterparty credit risk.
|
SUBJECT FOCUS AND CONTENT (CON’T)
Available Only for
Option Simulations
- Quoting
volatility term and smile structures.
- Delta hedging market risk.
- Managing Value at Risk
(VaR) and stress testing options and hedge portfolios
TARGET AUDIENCE
Treasury professionals, sales and
trading professionals, risk managers, audit, operations, financial
control, and other professionals that need a an understanding of market
sales and trading practices.
Because of the intensive
nature of the simulations, the workshops are generally limited to a
maximum of 20 participants.
METHODOLOGY
The workshop utilises a
combination of lectures, short problems, and computer simulations.
The computer simulation is
a proprietary model that runs on Microsoft NT or Windows 98.
Participants work in teams of two or three per computer, which are
networked together in the same training room.
Alternative
delivery mechanisms, including distance learning and Internet simulations,
are available.
|