The futures market is one of the largest financial markets in the world. Yet it is a market that is not well known, because of its operational complexity. Forward contracts are similar to futures contracts, but they are handled over the counter. This course provides participants with a detailed look at futures and forward contracts, as well as various aspects of futures and forward markets in both Europe and the U.S.
Attributes of futures
Futures vs. forward contracts
History and development of futures
Futures exchanges and how they function
Futures clearing and margining
Market practice for forward contracts
Pricing of futures and forwards
Use of futures and forwards for hedging, arbitrage, financial engineering and speculation
Risks associated with futures and forwards
1 day for up to 12 participants
Financial service professionals with at least 1 year experience in financial services who want to understand futures.