Fundamentals of Energy Futures
Date: 18 August 2008
Venue: Cape Town, South
Africa
Code: FOEF\ARSA08
Cost: GBP£640
Course Summary
In the fast-paced world of futures, mistakes can be costly.
Princeton Energy Programme's "Fundamentals of Energy Futures" allows delegates
to experience this fascinating field first hand. 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 of
the day.
8 CPE credits awarded for this course.
Who Should Attend?
Class delegates include everyone from trade support staff all
the way up to senior management -- anyone who needs to learn the basics for the
first time or sharpen their skills on futures terminology and trading. This
programme deals with many different energy commodities, including oil, gas and
electricity.
Prerequisites:
As this is a fundamental
course, there are no prerequisites.
Pre-classroom Study:
As part of our blended
learning package, this workshop has a specific web-based course which is
recommended as pre-classroom study. Upon registering for the workshop delegates
will receive details of how to access the web-based course. Access to the
web-based course is included in the price of the classroom course. To optimize
your classroom experience, it is recommended you take the appropriate online
study as close to the classroom date as possible. The recommended pre-classroom
study for this workshop is PrincetonLive.com's A Guided Tour of Commodity
Derivatives.
Course Contents
- The development and characteristics of futures contracts
- Where and how energy futures contracts are traded
- Delivery of futures contracts
- Long vs. Short positions
- How to mark-to-market (realized vs. unrealized profits and
losses)
- Players in the futures markets (hedgers, speculators and
locals)
- Intermonth, intercommodity and intermarket spreads
- Measuring the market with volume and open interest
- The importance of liquidity
- The roles of the clearinghouse
- The use and purpose of Initial and Variation Margins
- Other delivery options: ADPs and EFPs
- The problems of basis risk
- Types of orders: Stop, Limit, and Market
Request brochure and registration
form
Click here to
request a brochure and registration form for this course.
