Financial Derivatives in trading

General objectives:
This course is aimed at all professionals who wish to acquire knowledge and skills for trading in financial derivatives.

Specific objectives:
At the end of the course the learners are able to:

• Master derivatives functioning markets in Portugal, including the legal framework;
• Identify key mechanisms of Future, Options and other derivatives operations;
• Assess the risks inherent in derivatives products and the factors influencing its value;
• Identify how to build related products and know the reasons that can lead to your success / failure.


CONTENTS

Module I - Fundamental Concepts

• History
• Future Markets
• Option Markets
• Derivatives Concept

Module II – Future and Option Markets Functioning

• Market’s Formal and Functional Segmentation
• Agents Interveners
• Security Mechanisms
• Closing Positions
• Physical and Financial Settlement
• Trading/Transaction

Module III – Derivatives Economic Role

• Hedging
• Speculation
• Arbitration

Module IV – Futures

• Fundamental Concepts
• Fundamental Characteristics
• Daily Margins and Adjustments
• Basic Performance Strategies
• Private Cases Futures
• Futures on Stock Indices
• Futures Interest Rates
• Futures on Stocks
• Futures Currencies 

Module V – Options

• Characterization: Purchase Options (Calls) and Sell Options (Puts)
• Categories Types and Options
• Technical Specifications Options Contracts
• Determinants of price options
• Strategic Basic Performance:
• Purchase a Call Option (Call)
• Purchase of a Put Option (Put)
• Selling a Call Option (Call)
• Selling a Put Option (Put)

Module VI – Alternative Instruments

• Warrants
• Case Studies
• Certificates
• Case Studies
• Contracts for Differences (CFD’s)
• Case Studies
• Forward Cambial
• Forward Rate Agreements (FRA’s)