COURSE SUMMARY

After learning all there is to know about exchange-traded futures and options, traders are always faced with a complex dilemma - Basis. The "B" word can make or break a successful hedging or trading program. This one-day programme includes timely "real world" examples to reinforce the application of basis trading concepts and tools. After completing this course, delegates will have a strong working knowledge of basis trading. This knowledge will be put to the test during an exciting trading simulation.

Includes Online Pre-study Module
This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.

PRE-REQUISITES

A thorough understanding of basic hedging principles with exchange traded instruments, forwards and swaps.

WHO SHOULD ATTEND?

Class delegates include everyone from trade support staff all the way up to senior management — anyone who needs to learn how to analyze and take advantage of proper basis risk/opportunity analysis. The programme deals with many different energy commodities.

COURSE CONTENTS

Basis fundamental analysis including:

• Weather
• Regional supply/demand analysis
• Current market perception
• Transportation
• Displacement analysis
• Common errors of fundamental analysis

Basis statistical analysis, including:

• Measurement of historical relationships
• Seasonal analysis

Common basis-related instruments:

• Basis swaps
• Fixed-price swaps
• NYMEX look-alikes

TESTIMONIALS

“Excellent course, well taught, very relevant.” L.H., PWGSC

“I wish I had taken this course several years ago.” D.V.D.B, Direct Energy