Trading, Derivatives, Hedging and Risk Management Silver Courses

This three-day, highly interactive, workshop is designed to provide an introductory overview of the way natural gas and electricity are traded within Europe. Delegates will learn the general principles of how gas and power markets work, and how trading is carried out in the various different types of market – spot and forward, exchange-based and OTC. They will also get an idea of what a trader's job involves, through competitive team trading simulations and other hands-on exercises that focus on different aspects of trading and risk management. Topics explored include basic trading concepts, fundamentals of gas, power and emissions markets, market analysis, gas and power trading instruments, trading strategies including arbitrage and the use of gas storage, the mechanics of trading on exchanges, in auctions and through bilateral contracts, and principles of risk measurement, management and hedging.

Value-at-Risk is the new benchmark for measuring and controlling market risk. Premier trading and marketing companies around the world use Value-at-Risk to maximize profit opportunities and minimize costly positioning mistakes. This one day programme teaches the important aspects of this risk management tool.

This one-day workshop familiarizes delegates with the key elements of the physical petroleum product trading market. Topics explored include the major product blending pools and specifications, market fundamentals, technical analysis, key trading strategies and the mechanics of trading and operations. Delegates will learn product trading terminology, as well as get the chance to participate in industry case studies and a product trading simulation.

In this introductory workshop, delegates will gain an in-depth understanding of how the physical crude oil trading market works. Besides an invaluable exposure to terminology, each delegate will experience all the steps in typical domestic and foreign crude oil transactions. We’ll explore the linkage between new well production, marketing, transportation and storage, as well as refining to physical trading (both speculatively and as a hedge vehicle).

This one-day, non-technical workshop provides delegates with detailed working knowledge of the application and pricing of innovative risk management tools. The terms "Exotic" and "Advanced" are reduced to a common denominator such that the material is easy for delegates to comprehend. This is accomplished through comparisons with "plain vanilla" and other commonly used option spreads both in terms of pricing and payout. In addition, the course examines how dealers hedge their exposure in exotic options, valuation anomalies, delta hedge ratios of 1000% or higher and potential dealer manipulation issues. Finally, a case study is used to facilitate a better understanding and the proper use of these sometimes bewildering instruments.

One of the most powerful tools available to hedgers, options are also the most difficult to master. Once you’ve learned how to "make options easy" with the Options I - Fundamentals of Energy Options course, you can learn how to get the most out of these fascinating instruments with this advanced course. Delegates learn how to apply complex combinations of calls and puts in order to hedge specific risks and take advantage of market expectations.

With our unique trading simulation you will master directional and market-neutral trading strategies, as well as the application of complex strategies. You will also learn to match specific risk exposures and market expectations with complex strategies.

Options are a growing part of energy hedging and speculating, and understanding how they work allows any trader to make better choices in using them. Once you've mastered the basics through our Options I - Fundamentals of Energy Options course, you can learn how to take advantage of fast-changing markets to get the most out of your option positions with this course, which takes your skills to a higher level. This full day workshop not only extends your understanding of option dynamics, but also allows you to practice these skills through our unique trading simulation.

This course examines how market participants apply theories of technical analysis to various trading timeframes through the presentation of advanced material and a series of interactive workshops. The timeframes covered include day trading and swing trading through a study of 5, 30, 60-minute and daily charts; also position trading through an examination of daily, weekly and monthly charts.

Understanding and identifying how to limit price risk exposure is a complex task. This two-day course will provide attendees with a forum to maximize hedging efficiencies and limit price risk exposure. Delegates will build a portfolio of industry techniques for managing price risk in today-s volatile energy markets.

This fascinating and interactive workshop will give delegates a thorough understanding of best practice controls to be applied in commodity trading activities. Delegates are encouraged to think about the controls processes applied in their own operations, through interactive group case studies, in order to minimize the chances of similar expensive trading mistakes. Recent trading "failures" will be analyzed.

This highly interactive workshop is a great introduction to exchange traded futures contracts. Delegates will leave with an in-depth knowledge of futures contracts and markets - specifically those related to energy. This introductory one-day course includes a trading simulation and a comprehensive review at the end.

After learning all there is to know about exchange-traded futures and options, traders are always faced with a complex dilemma - Basis. The "B" word can make or break a successful hedging or trading program. This one-day programme includes timely "real world" examples to reinforce the application of basis trading concepts and tools. After completing this course, delegates will have a strong working knowledge of basis trading. This knowledge will be put to the test during an exciting trading simulation.

Take the mystery out of common technical indicators! You will learn what's behind this analysis technique and how you can make it work for you every time you trade. Understanding and using technical analysis is important to hedgers as well as speculators.

We'll show you all of the many common indicators. Delegates will learn what they are and how the experts use them. We’ve included a trading simulation where you will actually be making trading decisions based on technical indicators.

Weather is the single most important factor in influencing price volatility, volume fluctuations and revenues in the energy industry, as well as other industries globally. While exchange traded futures and options and many OTC products can be used to limit price risk, they do not provide a hedge against the volume risk associated with unpredictable weather patterns. This workshop provides a comprehensive overview of weather derivative products. After completing this course, delegates will be able to qualify and quantify weather risk in their businesses and determine the specific weather derivative tools necessary to protect revenues from Mother Nature.

This three-day workshop is ideal for non-traders wishing to know more about the world of oil trading, or for delegates who are at the very beginning of an oil trading career. Delegates will learn the terminology and key building blocks of knowledge for crude oil and petroleum product trading. They will also get a flavor of what a trader's job involves, through competitive team trading simulations focusing on different aspects of trading and risk management. Topics explored include crude oil quality, product refining, blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms, derivatives trading, risk management and the mechanics of trading and operations.