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Commodities - Trading and Investment Strategies
 
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 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 his second text “Trading the Fixed Income, Inflation and Credit Markets” was published in 2011.  

He is currently co-authoring a book on Inflation entitled “Trading Inflation: Markets, instruments and strategies”, which is due for publication in 2013.







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 EducationDetails of the next seminar

London
TBC

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

Please email education@icmagroup.org to register your interest to attend our next publicly scheduled course.

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.  


Costs

The cost will be £625.00 for ICMA and ICE Members and £825.00 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 David Senior on +44 20 7213 0329 or at: education@icmagroup.org





 
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