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Course Offerings
- Trading And Risk Management Operations - One Day -
Designed for staff that have little knowledge about trading and risk management that will be participating in markets or supporting participants. This course covers topics such as: What new vocabulary do I need to know? How do I work with a broker-dealer? How is cash managed within a trading operation? What credit issues does a trader need to be concerned about?
- Working With Counter-parties And Market Participants - One Day -
Designed for staff that have little knowledge about trading and risk management that will be participating in markets. This course covers topics such as: How do I work with a broker-dealer? How do I work with physical brokers? How do I work with a swaps broker? How do I deal with marketers? How should I approach utilities? What electronic trading systems are available? How do electronic trading systems work?
- How And Why Do Companies Quantify Risk? - One Day -
Designed for staff that have little knowledge about trading and risk management that will be participating in markets or supporting participants. This course covers topics such as: We've always done transactions that have some amount of risk. What is Mark-To-Market? Why quantify it? What is Value-At-Risk? What is Daily-Earnings-At-Risk? How does Risk-Adjusted-Return-On Capital work?
- Fundamentals Of Energy Futures - One Day -
Designed for executive management and staff that have little knowledge about trading and risk management that will be participating in markets or supporting participants. This course covers topics such as: The development and characteristics of futures contracts. What does the order flow and execution consist of? What is open outcry? What is delivery? How does delivery work? What is mark-to-market? What is a margin account? What are the differences between initial and variation margin? What are the functions of a clearing house? What are the differences between forwards and futures?
- Fundamentals Of Energy Options - One And A Half Days -
Designed for staff that have little knowledge about trading and risk management that will be participating in markets or supporting participants. This course covers topics such as: What is an energy option? What are the characteristics and profit/loss profiles of calls and puts? What are option holder rights and option writer obligations? How are options exercised and assigned? What are American, European, and Asian options? What are intrinsic and extrinsic value? What is the Black-Scholes options pricing model? What impact do changes in input variables have? What other options pricing models exist? What are historical and implied volatility? What are bull and bear fences? What are straddles and strangles? What are delta, gamma, vega, and theta?
- Advanced Energy Options On Futures - Two Days -
Designed for staff that have completed the Fundamentals of Energy Options course, and who wish to increase their understanding of how to develop trading strategies, and modify these strategies based on market changes. Topics covered include: What are call and put spreads? What are three-leg directional spreads? How do I construct reduced risk volatility spreads? What are ratio writes? What is delta hedging? How do I carry out delta hedging? The course includes several examples of how to match option strategies to specific risk exposures.
- Exotic Energy Options - One Day -
Designed for staff that have completed the Advanced Energy Options on Futures course, and who wish to increase their understanding of addition instruments and structures that are available. Topics covered include: What are Average Price options? What are Look-Back options? What are Compound options? What are Digital options? What are Pay-Later options? What are Barrier options? The course includes several examples of how to match option tools and strategies to specific risk exposures.
© 1997-2009, Teknecon Energy Risk Advisors, LLC
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