Twicet

Swaps Workshop

This invaluable one day course provides an in-depth introduction to the swaps market. It includes swap mechanics, conventions and pricing along with instruction on how to calculate swap profit & loss and unwinds. The course also covers Asset, Overnight Index, Currency and Basis swaps and provides essential guidance on specific swaps trading strategies.

Structured Products Workshop

This exciting one day course presents a practical introduction to structured products, which includes the application of exotic options and structured products construction and mechanics. Delegates will also learn about the component optionality in SPs and use Excel based spreadsheets to reverse engineer industry products.

Statistical Arbitrage

This two day workshop introduces delegates to statistical arbitrage strategies, including pairs trading, with particular reference to research, testing and implementation. Relevant software (MATLAB) will be used throughout the workshop to illustrate examples and to help students practice the essential steps in developing a stat arb strategy.

Short-Term Interest Rate Futures: Introduction

Short-Term Interest Rate Futures are one of the most liquid exchange traded futures in the market place. In this one day workshop delegates will learn: The unique properties of STIR futures; How to price and value STIR futures; How to use STIR futures to hedge interest rate exposures; and the different trading strategies such as spreads and butterflies.

Short-Term Interest Rate Futures: Advanced

In this one day advanced workshop on Short-Term Interest Rate Futures, delegates will learn about: Advanced valuation techniques; TED spreads; Cross Market Relative Value Trading; and how to identify trading opportunities and risks.

Options Trading Workshop

In this one day workshop delegates will learn: The pros and cons of options compared to delta one products; Options terminology, trading mechanisms and pricing methodologies; How to model the profit and loss potential of options and their risk factors in custom Excel templates; Option trading strategies, and how to model their payoffs and risk factors.

Merger Arbitrage

This one day course provides the foundation for any fund manager looking to explore merger arbitrage. Delegates will gain insight into the benefits of adding merger arbitrage to an investment portfolio, the mechanics behind merger arbitrage, and the practical considerations and potential pitfalls of the strategy.

Graduate Training Programme 2012

Trading the Financial Markets

FX Trading Strategies

This unique two-day course will offer delegates an thorough macro-approach to trading the foreign exchange markets. Taking an in-depth analysis of all aspects of FX trading including different instruments, valuation, FX regions, fundamental and quantitative techniques, this will be of great value to anyone involved in global FX markets.

Fundamental Bond Strategies

This one day course will provide participants with a framework to formulate fundamental strategies in the government bond markets. It considers the setting of short-term interest rates by central banks, the macro drivers of bond yields and the behaviour of the yield curve through the business cycle. Some prior knowledge of bond market pricing is assumed.

Energy Derivatives

This two day course offers a thorough introduction to the energy markets and sector specific derivatives and their pricing. The course is designed to cover all areas of the energy derivatives market including oil, natural gas, coal and electricity. It will also cover the carbon markets and emissions trading.

Economics for Traders & Fund Managers

This two day course will examine all aspects of international macro economics as it relates to the global financial markets. By examining how economic fundamentals impact on financial assets, delegates will gain a better understanding of how to interpret economic news and anticipate market reaction.

Credit Spreads

This two-day course considers the determination and behaviour of corporate credit spreads. By examining default risk and the pricing of corporate bonds, delegates will gain insight into the factors that drive credit spreads through the business cycle. The course will also provide an introduction to structured credit and credit derivatives.

Central Bank Policy and Short Rate Strategy

This one day course will provide participants with a framework to formulate strategy using short-term interest rate instruments. It considers the setting of interest rates by central banks, how to monitor central bank policy and how to read the expectations priced into the market.

Carry Trade Strategy

This one day course explores the carry trade strategy and looks at the theory behind the trade, how to design your portfolio in practice and risk management considerations. This is the only course that provides a comprehensive insight into the carry trade, delivered by world renowned expert in this field, Michael Rosenberg.

Backtesting and Optimization

Backtesting and Optimization Workshop is a two-day course designed for traders and investment managers of all asset classes and time scales who are looking to test a trading strategy. The course will provide delegates with a fundamental and practical understanding of issues in backtesting, optimization, and risk control.