Foreign Exchange Trading Techniques and Updates Training in Paris , France
Course Code : FBA73 - Course Address : Hotel Alfred Sommier-20 Rue de l'Arcade, 75008 Paris - Course Fees : 6100 GBP
| City | Start Date | End Date | View |
|---|---|---|---|
| Paris , France | 28 - 1 - 2024 | 1 - 2 - 2024 |
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| Paris , France | 21 - 1 - 2024 | 25 - 1 - 2024 |
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| Paris , France | 4 - 2 - 2024 | 8 - 2 - 2024 |
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| Paris , France | 17 - 3 - 2024 | 21 - 3 - 2024 |
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| Paris , France | 10 - 3 - 2024 | 14 - 3 - 2024 |
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| Paris , France | 21 - 4 - 2024 | 25 - 4 - 2024 |
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Course Description
Objectives:
- Describe the features and characteristics of spot and forward FX
- Explain the role of a market maker and end user
- Demonstrate how to price forward FX
- Apply forward FX from different client perspectives
- Discuss impact on FX from the credit crisis
- Explain and apply FX Options
- To provide a complete understanding of the properties and risk profiles of FX derivative products.
- To provide participants with a thorough understanding of the applications of FX derivatives so that they have the ability to advise their clients on strategies that may be used to meet specific hedging, trading and structuring requirements.
- To provide participants with a thorough understanding of pricing techniques used in FX derivatives.
- To provide participants with a thorough understanding of the risk management processes and techniques used in FX derivatives.
- To provide participants with a thorough understanding of the trading, hedging and investment strategies and techniques used in FX derivatives.
Course Outlines
A short recap of the properties and risk/reward profiles of FX derivative products?
- Derivative Products
- Futures
- Outright Forward Contracts
- Non Deliverable Forwards
- Currency Futures
- Options
- Conventional Currency Options
- Barrier Options
- Warrants
- Swaps
- FX Swaps
- Currency Swaps
Foreign Exchange
- Describe the features and characteristics of spot FX market functions
- Discuss the size, shape and dynamics of theFX market
- Discuss what impacts FX rates
- Determine base and counter/quoted currency
- Distinguish between big figures and pips
- Recognize FX terminology
- Discuss risk management and spot trading limits
Forward Foreign Exchange
- Identify the components of a forward “outright” FX transaction
- Describe and calculate the forward rate through the spot market and money market deposits
- Explain how a forward contract is quoted
- Discuss points, premiums and discounts
- Calculate a forward rate from the spot rate and points
- Apply forwards from an end users vantage point
- Discuss hedging
- Describe the features and characteristics of non-deliverable forwards (NDFs)
FX Swaps
- Describe the structure and mechanics of an FX swap
- Outline how FX swaps are used in place of deposits to hedge an FX outright
- Determine the advantages of using FX swaps
- Differentiate between an outright and a swap
- Recognize how the forward trader earns a profit
- Discuss risk management and forward trading limits
FX Derivatives
- Futures and Outright Forward contracts by a combination of
- Buying the base/pricing currency and selling the pricing/base currency
- Financing the position with currency repo
- Deriving the fair forward price by the maturity cash flows (interest rate parity)
- By using swap points that are traded in the market as a product in their own right
- Options using a variant of Black-Scholes Pricing model which requires inputs for:
- FX spot rate
- Two sets of interest rates
- Implied volatility
- Currency Swaps by decomposing into:
- An exchange of principal
- Two interest rate swaps
- A basis swap
FX Options
- Define calls and puts
- Explain different quoting methods
- Describe in, at and out of the money
- Show intrinsic value + time value = premium
- View payoff profiles of the respective options
- Identify the main pricing components of an option
- Analyze basic applications
- Discuss options on NDFs
- Discuss ISDA® documentation
Where will the course be held?
The course will be held in Champs Elysees. The exact address and directions will be provided to all enrolled participants prior to the start of the course.
What topics will be covered in the course?
The course will cover a range of topics related to the subject matter, including but not limited to the topics of outlines. By the end of the course, you'll have a solid understanding of the key concepts and techniques in the field, and be able to apply them to real-world situations. Detailed course outlines and learning objectives will be provided to all enrolled students prior to the start of the course.
What is the schedule for the course?
The course is expected to run for 3 hours daily. The exact schedule and timing will be confirmed and communicated to all enrolled students via email at least 2 days prior to the course start date.
What do I need to bring to the course?
All you need to bring is yourself, a notepad or laptop for taking notes, and a willingness to learn! We'll provide pens, paper, and any required textbooks or handouts.
What is the instructor's background and experience?
Our instructors are seasoned industry professionals with over 10 years of experience in the field. They hold a master's degree in the subject matter and have a proven track record of success working with trainees of all levels. You'll have plenty of opportunities to ask questions and get feedback throughout the course.
What are the T&C for this course?
Please visit our Terms and Conditions page
What kind of certificate will I receive upon completion of the course?
Upon completion of the course, you will receive an attendance certificate indicating that you have completed the course. This certificate is not accredited or recognised by any particular institution or organisation, but it can be used to demonstrate your commitment to continuing education and professional development.
