Learning Objectives
- Understand the concept of equity index valuation and the importance of Fair Value (FV) in trading.
- Familiarise with the index producer, composition, and types of equity indices.
- Learn the factors affecting FV, including dividend forecasting and interest rates.
- Grasp the events affecting FV, such as rebalancing.
- Gain knowledge on equity index arbitrage and inter-index correlation.
Learning Outcomes
Upon completion of this module, apprentices will be able to:
- Apply the concept of equity index valuation to identify profitable trading opportunities.
- Analyse the factors affecting FV and their impact on equity index valuation.
- Utilise equity index arbitrage techniques for profitable trades.
- Recognise the implications of inter-index correlation on trading decisions.
Learning Objectives
- Understand how to apply equity index valuation in practical trading scenarios.
- Learn about market microstructure and flow analysis.
- Master common strategies of trading the equity index calendar spreads.
- Explore arbitrage between synthetic and exchange-listed spreads.
- Study directional trading of calendar spreads and mean-reversion trading.
- Comprehend inter-product pairs trading.
- Learn about portfolio management and managing currency exposure with currency futures.
Learning Outcomes
Upon completion of this module, apprentices will be able to:
- Implement equity index valuation techniques in real-world trading situations.
- Employ market microstructure and flow analysis to make informed trading decisions.
- Develop and execute various calendar spread strategies.
- Identify arbitrage opportunities between synthetic and exchange-listed spreads.
- Manage their portfolio effectively and hedge currency exposure using currency futures.
Learning Objectives
- Understand the characteristics of commodities and their respective futures contracts.
- Learn the fundamental considerations when trading commodity futures.
- Study market microstructure and flow analysis for commodity trading.
- Master common strategies of trading the commodity calendar spreads.
- Explore trading the term structure and seasonal structure of commodities.
- Gain knowledge on inter-product pairs trading for commodity futures.
- Learn about portfolio management and managing currency exposure with currency futures.
Learning Outcomes
Upon completion of this module, apprentices will be able to:
- Analyse the fundamental factors affecting the commodity futures market.
- Apply market microstructure and flow analysis in commodity trading decisions.
- Execute various commodity calendar spread strategies to capitalise on market opportunities.
- Employ term structure and seasonal structure analysis for improved trading performance.
- Utilise inter-product pairs trading techniques to diversify their commodity trading portfolio.
- Manage their portfolio effectively and hedge currency exposure using currency futures.
Learning Objectives
- Experience the daily routine of a professional trader.
- Learn about advanced trading systems and tools.
- Understand the importance of setting up a professional trading environment.
- Practice trading under the guidance of seasoned traders in simulated live market conditions.
Learning Outcomes
Upon completion of this module, apprentices will be able to:
- Apply the knowledge and skills acquired from Modules 201-203 in a simulated live trading
environment.
- Utilise advanced trading systems and tools for improved trading performance.
- Develop the ability to make informed trading decisions under the guidance of experienced traders.
- Demonstrate proficiency in various trading strategies, including calendar spread strategies,
inter-market spread
strategies, and synthetic spreads.