Certificate Program on Currency and
Commodity Markets

Program

The program focuses on the current profile of the markets and offers up-to-date insights. It also emphasizes the integrated nature of the market - in particular, the opportunities this provides for arbitrage and hedging. This program would also help participants to understand qualitative & quantitative aspects of both the markets & their products and function along with the regulatory framework. There is a particular focus on the pricing, risk measurement principles & trading strategies which are globally applicable in these markets.

Day 1
1. INDIAN AND GLOBAL COMMODITY & CURRENCY MARKETS
An Introduction
2. REGULATORY FRAMEWORK FOR COMMODITY AND CURRENCY MARKETS
Power and Function of regulatory body
Regulation related with trading & hedging
Regulation related with PMS and trading in international markets

Day 2
3. EXCHANGE & BROKING OPERATION
Trading and Contract specification
Online surveillance & Risk management (VaR Margining)
Clearing and Settlement
Physical deliveries

Day 3
4. PRICING THE CURRENCY & COMMODITY FUTURES
Pricing the currency futures based on interest rate differentials
Pricing the commodity futures based on cost of carry model
5. UNDERSTANDING CURRENCY OPTIONS, PRICING AND TRADING DYNAMICS
Option pricing for currency product
Option Strategies
Option data reading

Day 4
6. FUNDAMENTAL ANALYSIS- CURRENCY MARKETS
USDINR, EURINR, GBPINR, JPYINR

Day 5
7. FUNDAMENTAL ANALYSIS- COMMODITY MARKETS (BULLION, METALS, ENERGY AND AGRI)
Bullion markets
Metal Markets
Energy product
Agri dynamics
8. TECHNICAL ANALYSIS WITH SPECIFIC REFERENCE TO COMMODITY AND CURRENCY TRADING
Day trading
Positional trading

Day 6
9. APPLICATION OF DERIVATIVES IN CURRENCY MARKETS FOR IMPORTERS, EXPORTERS AND ACTUAL USERS
Hedging
Long hedge & short hedge
Hedge ratio
10. APPLICATION OF DERIVATIVES IN COMMODITY MARKETS FOR PRODUCERS, CONSUMERS, REFINERS, JEWELLERS, IMPORTERS, EXPORTERS AND PROCESSORS
Ram material cost hedging
Finished product sales hedging
Basis risk management

Day 7
11. TRADING STRATEGY FOR COMMODITY AND CURRENCY MARKETS
Cash and carry arbitrage
Reverse cash and carry arbitrage
Calendar spread
Pair spreads
Product spreads
Triangular arbitrage in currency markets
Statistical trading

Day 8
12. LIVE TRADING AND CASE STUDY
Live trading during market hours
Intraday trading using technical analysis

  • Research analysts in currency and commodity markets
  • Dealers, traders and brokers from securities and commodities markets
  • Treasurers and Financial Managers from banks and financial institutions
  • Risk Managers
  • Strategists
  • Students who aspire to pursue a career in commodity and currency markets
  • 7 Days (Saturday and Sunday) and one live trading session on a weekdays
    10.00 am to 5.30 pm

    Rs. 24,000.00 + Applicable Taxes per participant, inclusive of course material and tuition fees.

    For further details regarding contents,
    E-mail: training@bseindia.com