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Commodities – Trading and Investment Strategies    
 
   

 

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Objectives


This course is to explore commodity trading and investing perspectives from the very short term trade to longer buy-and-hold strategies.  The course considers the different motivations and strategies used by participants and also provides the underlying theory of the strategy and the actual practical knowledge for implementation.
 

 

Target Audience


This course is suitable for anyone with an understanding of the fundamental concepts of finance but wishes to know more about commodity trading and investment strategies.   For persons with no or little background in commodities it would be advisable to first take the “Commodities – An Introduction” course, though there is no formal pre-requisite this basic knowledge is assumed.
 

 

Length and Structure of the Course


The one day course consists of lectures and case studies.  The day typically consists of four 90 minute sessions with coffee breaks in the morning and afternoon and a lunch break in the middle.  There is no exam for this course but candidates will get a certificate of attendance.
 

 

Course Tutor


Neil Schofield

Neil is a Visiting Fellow at the ICMA Centre, University of Reading and is a freelance training consultant.  From 2001 to 2008, he was global head of financial markets training at Barclays Capital in London.  He was responsible for the design and delivery of a large number of seminars in a variety of different asset classes to many different audiences.  Previous to that he was a director at Chisholm Roth training in London and has also held positions at Chase Manhattan Bank as well as Security Pacific Hoare Govett (now trading as Bank of America).  Neil has over 20 years of experience in financial markets.  In 2008, he published his first book “Commodity Derivatives” and is currently in the process of writing a second “Relative Value in Financial Markets”.


Course Brochure

Commodities – Trading and Investment Strategies course brochure 

(Please email education@icmagroup.org to receive a copy)
 

 

Course Outline
 

Session 1 Contents 

Tactical / market opportunity based trades

• Popular strategies in the base metal markets
• NYMEX WTI vs. ICE Brent
• Energy vs. refined product spreads
• Interfuel spreads
• 'Dark' and 'spark' spreads


Session 2 Contents 
Long term allocation to broad commodity indices • The rationale for investing in commodities
• The main index commodities
• The main source of return from indices (roll yield)
• Recent index investment structures


Session 3 Contents 

Exchange traded products

• Exchange Traded Funds
• Exchange Traded Commodities
• Exchange Traded Notes

Session 4 Contents 
Capital protected and yield enhanced structured products

• Basket notes

• Outperformance notes
• Best of/ Worst of structures
• Reverse covertibles
• Leveraged structures


  ICE Education

Details of the next seminar


London, have a look at the venue
30 March 2012

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ICE Education
5th Floor Milton Gate
60 Chiswell Street
London EC1Y 4SA
United Kingdom

Based at ICE Education London offices: IntercontinentalExchange® (NYSE: ICE), is a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets. ICE's diverse markets offer contracts based on crude oil and refined products, natural gas, power and emissions, agricultural commodities including canola, cocoa, coffee, cotton, orange juice and sugar, as well as credit derivatives, foreign exchange and Russell Index futures and options. 
 
   

Costs
 

The cost will be £500.00 for ICMA Members and £650.00 for non-members.  
The following discount scale is offered:
2-4 candidates – 5% discount each*
5+ candidates – 10% discount each*

*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.

Payment can be made by secure online credit card or by invoice.  Please note that the BACS invoice method has an additional £50 admin fee.

Note that anyone requiring accommodation to take the course will be required to arrange this on their own; it is a class-based but non-residential course.

 
 

For more information


This course is also available on a group booking basis. 
Should you have any queries about this seminar please contact:

 

Leanne Ley for general administration & finance queries

l.ley@icmacentre.ac.uk
Phone: +44 (0)118 378 6272


For other enquiries, please contact David Senior on +44 (0)20 7213 0329 or e-mail education@icmagroup.org.

 

 

 

 

CFA Institute CE Approved Provider


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