Fundamentals of Commodity Futures (FOCF)
In the fast-paced world of futures, mistakes can be costly.
This workshop allows delegates to experience this fascinating
field first hand. This highly interactive workshop is a
great introduction to exchange traded futures contracts.
Delegates will leave with an in-depth knowledge of commodity
futures contracts and markets. This introductory, one-day
course includes a trading simulation and a comprehensive
review at the end of the day.
Who Should Attend
Anyone who needs to learn the basics for the first time
or sharpen their skills on futures terminology and
trading, from trade support staff to senior management.
Pre-classroom Study
As part of our blended learning package,
this workshop has a specific web-based course which is recommended as
pre-classroom study. Upon registering for the workshop delegates will receive
details of how to access the web-based course. Access to the web-based course
is included in the price of the classroom course.
To optimize your classroom experience, it is recommended you take the
appropriate online study as close to the classroom date as possible.
The recommended pre-classroom study for this workshop is:
A Guided Tour of Commodity Derivatives
What You Will Learn
- The development and characteristics of futures contracts
- Where and how energy futures contracts are traded
- Delivery of futures contracts
- Long vs short positions
- How to mark-to-market (realized vs unrealized profits and losses)
- Players in the futures markets (hedgers, speculators, and locals)
- Intermonth, intercommodity and intermarket spreads
- Measuring the market with volume and open interest
- The importance of liquidity
- The roles of the clearinghouse
- The use and purpose of initial and variation margins
- Other delivery options: ADPs and EFPs
- The problems of basis risk
- Types of orders: stop, limit and market
- Forward contracts vs futures contracts