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LME 2-day Introductory Course (Modular Course)

Euromoney Learning
Course summary
2 days
1,400 USD
Singapore
Next available date: 25/11/2019 - Singapore
Professional Training

Course description

LME 2-day Introductory Course (Modular Course) 

The LME 2-day Introductory Coursewill provide you with an understanding of the key services provided by the LME and demonstrate how these services can improve your organisation’s approach to price risk management. Both theoretical and practical skills developed at this course can be applied easily in the workplace.

It provides an overview of operations, structure, products, trading terminology and procedures. The course will also enhance your knowledge of the basics of hedging with futures and options, covering the market terminology, pricing, trading strategies and margining of LME contracts. Topics include how to lock-in future selling and purchasing prices, causes and management of price volatility as well as different hedging strategies.

This course is made up of two separately bookable modules:

  • Day 1:Introduction to the LME
  • Day 2:Hedging with Futures & Options


New add-on day: Introduction to Physical Trading and LME Warehousing

You may be interested in attending a third day of training to complement what you learn in the 2-Day Introductory Course and take your knowledge of the LME even further. Introduction to Physical Trading and LME Warehousing focuses on physical trading processes and LME warehousing operations. You can book this course separately or in conjunction with the LME 2-day Introductory Course.  If you would like to book this course in conjunction with the other courses, please request information.

Suitability - Who should attend?

This course is best suited for those with little to no knowledge of the London Metal Exchange’s operations and are seeking to learn how these services can add value to their business.

Outcome / Qualification etc.

Upon successful completion of this programme, delegates will be able to:

  • Become familiar with the LME’s prompt date structure and trading procedures
  • Gain a full understanding of the LME’s market terminology
  • Understand the benefits of the delivery process used by the LME
  • Gain an understanding of the benefits of clearing and the role of LME Clear
  • Learn how to access the LME through member firms and the role of a broker

Training Course Content

Day 1
Introduction to the LME

  • History, organisation and primary services of the LME
  • Pricing methodology
  • Introduction to hedging
  • Prompt date structure and other LME terminology
  • LME contracts
  • Warehousing and fundamentals of delivery
  • Trading at the LME
  • Understanding the role of an LME broker/dealer
  • Clearing and LME Clear
  • Regulation of the LME

Day 2

Hedging with Futures and Options

  • Basic concepts, uses and benefits of hedging with futures
  • Basic hedging examples
  • Contango and backwardation
  • Setting up a hedging team
  • Hedging with Monthly Average Futures
  • Basic concepts, uses and benefits of hedging with options
  • Options terminology
  • Risk implications and motives
  • Options pricing models
  • TAPOs
  • Selling an option

Expenses

The cost of this course may vary by location. See above or request information for prices.

IN-HOUSE TRAINING

Euromoney Financial also delivers in-house training for finance teams and departments, giving companies the opportunity to save up to 50% on training costs.

About provider

Euromoney Learning Solutions

Euromoney Learning

We develop bespoke learning experiences with the perfect blend of technologies and techniques to help you succeed. An organisation’s ability to continuously learn and evolve rapidly is the ultimate competitive advantage. To achieve your strategic goals, it is essential to...


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Contact info

Euromoney Learning

8 Bouverie Street,
EC4Y 8AX, London

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https://www.euromoney.com/learning


Reviews

Theng, Alpha Industries SDN
(5)
Excellent presentation and practical ways to help students to understand the mechanisms better.
Theng, Alpha Industries SDN
(5)
Excellent course with practical experience and people involvement.
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