trading and investment strategies...finance who wishes to know more about commodity trading and...

Commodities Trading and Investment Strategies

Course OverviewThe course starts off by looking at tactical and market opportunity based trades, then moves on to look at long term allocation to broad commodity indices. An in depth examination of exchange traded, capital protected and yield enhanced structured products completes the programme. The different motivations and strategies used by participants are also considered.

Attending the course will help you:

• Learn about different commodity trading and investing perspectives

• Understand short term trades to longer buy-and-hold strategies

• Gain practical knowledge for implementing commodity strategies

internationally recognised qualifications for the

financial market

Commodities - Trading and Investment Strategies

Commodities - Trading and Investment Strategies

internationally recognised qualifications for the

financial market

Course ContentThe course content is divided into several topic areas, which are then broken down into multiple subtopics:

1. Tactical & Market Opportunity Based Trades• Popular strategies in the base metal markets• NYMEX WTI vs. ICE Brent• Energyvs.refinedproductspreads• Interfuel spreads• ‘Dark’ and ‘spark’ spreads

2. Long Term Allocation to Broad Commodity Indices

• Therationaleforinvestingincommodities• Themainindexcommodities• Themainsourceofreturnfromindices

(roll yield)• Recentindexinvestmentstructures

3. Exchange Traded Products• Exchangetradedfunds• Exchangetradedcommodities• Exchangetradednotes

4. Capital Protected & Yield Enhanced Structured Products

• Basket notes• Outperformancenotes• Bestof/Worstofstructures• Reversecovertibles• Leveragedstructures

Course FormatThecourseisaonedayclassroom-basedprogramme,takingplaceinLondonatvarioustimesduringtheyear.Thisisanon-examinedcoursebutdelegateswillreceiveacertificateofattendance,issuedjointlybyICMAandHenleyBusinessSchool,UniversityofReading.

Target AudienceThiscourseissuitableforanyonewithanunderstandingofthefundamentalconceptsoffinancewhowishestoknowmoreaboutcommoditytradingandinvestmentstrategies.Forthosewithlittleornobackgroundincommodities,itwouldbeadvisabletotakethe“Commodities-AnIntroduction”coursefirst.Thisisnotaformalpre-requisite,butbasicknowledgeofthecommoditiesmarketsisrequiredtobestunderstandtheprogrammecontent.

Course DirectorNeilSchofieldisavisitingfellowattheUniversityofReadingandisafreelancetrainingconsultant.From2001to2008,hewasglobalheadoffinancialmarketstrainingatBarclaysCapitalinLondon.Hewasresponsibleforthedesignanddeliveryofalarge number of seminars in a variety of different assetclassestomanydifferentaudiences.

PrevioustothathewasaDirectoratChisholmRoth training in London and has also held positionsatChaseManhattanBankaswellasSecurityPacificHoareGovett(nowtradingasBankofAmerica).Neilhasover20yearsofexperienceinfinancialmarkets.In2008,hepublishedhisfirstbook“CommodityDerivatives”andhissecondtext“TradingtheFixedIncome,InflationandCreditMarkets”waspublishedin2011.

ICMA Executive EducationFormanyyearsICMAExecutiveEducationhasbeenregardedasthebenchmarkintrainingforboththefrontofficeandoperationsareasofbusiness.Ourcoursesareinternationallyrecognisedandarerequiredtrainingbymanyofourmemberfirms.ICMAExecutiveEducationisuniqueinthatICMAandtheICMACentre,HenleyBusinessSchool,UniversityofReadingworktogethertodelivertrainingcourses,taughtbycurrentandformerfinancialmarketspractitionerswhichblendpracticalandacademicknow-how,sothatcandidateshaveathoroughunderstandingofthetopicsbeingdiscussed.

FiveCertificateProgrammesareoffered:

• Financial Markets Foundation Course (FMFC)

• Securities Operations Foundation Course (SOFC)

• Fixed Income Certificate (FIC)

• Operations Certificate Programme (OCP)

• Primary Market Certificate (PMC)

Allarerecognisedascertificatesofcompetenceinthecapitalmarketsandaresuccessfullycompletedbylargenumbersofinternationalparticipantseachyear.Inadditiontoourcertificateprogrammes,wealsoofferaselectionofspecialistcoursesthroughouttheyear.Theseprogrammesaresingletopicsubjects,coveredwithinourintermediatecourses,butinmuchmoredepth. Thecoursesarefocussedandprovideanopportunitytonetworkanddiscusstheissuesaffectingthefinancialmarketswithyourindustrypeers.

ICMAExecutiveEducationisabletoprovideanyofourpubliccoursesonanin-housebasisifrequired,ifanorganisationwishesanumberofdelegatestoattendaspecificcourse.

ICMA CentreTheICMACentre,UniversityofReadinghasaninternationalreputationforprovidingqualityteachingprogrammestailoredtothecapitalmarketsindustry.Establishedin1991withfundingprovidedbytheInternationalCapitalMarketAssociation(ICMA),theCentreishousedinapurpose-builtmodernistbuildingwithstate-of-the-artfacilitiesincludingtwodealingrooms.In2008,ICMAenabledanexpansiontothebuildingthatnowincludesan additional 50 seat dealing room, 170 seat lecturetheatreaswellasnewseminarroomsandadedicatedresearcharea.

The International Capital Market AssociationTheInternationalCapitalMarketAssociationisthetradeassociationrepresentingconstituentsandpractitionersintheinternationalcapitalmarketworldwide.ICMA’smembersarelocatedinover50countriesacrosstheglobe,includingalltheworld’smainfinancialcentres,andcurrentlynumberinexcessof470firms.ICMAperformsacrucialcentralroleinthemarketbyprovidingandenforcingaself-regulatorycodeofindustry-drivenrulesandrecommendationswhichregulateissuance,tradingandsettlementintheinternationalfixedincomeandrelated instruments.

Further Information And Course RegistrationFor further information and to register for any ofourcourses,pleasevisit: www.icmagroup.org/education orcontactusat:education@icmagroup.org

International Capital Market Association Limited23CollegeHill,LondonEC4R2RPUnitedKingdomTel:+44(0)2072130310Fax:+44(0)2072130311Email:education@icmagroup.orgwww.icmagroup.org

ICMAandtheUniversityofReadingworktogetheras“ICMAExecutiveEducation”underanoperatingagreement.Coveringtechnicalproduct/marketsandoperations,theprofessionalqualificationsandtrainingprogrammesaredeliveredinmajorfinancialcentresaimedatmarketpractitionersinthefinancialmarkets.