Course description
Introduction to the London Metal Exchange (LME) and Hedging
- Become familiar with the LME's prompt date structure and trading procedures
- Gain a full understanding of the LME's market terminology
- Understand the benefits of the delivery process used by the LME
- Gain and understanding of the role of LME Clear
- Learn how to access the LME through member firms
- Understand how effective price risk management can be achieved with LME services
- Gain an understanding of the benefits of hedging with futures and options across all sectors of the industry
Training content
Day 1
- History, organisation and primary services of the LME
- Pricing methodology
- Introduction to hedging
- Prompt date structure and other LME terminology
- LME contracts
- Warehousing and fundamentals of delivery
- Trading at the LME and trading floor visit*
- Understanding the role of an LME broker/dealer
- Clearing and LME Clear
- Regulation of the LME
Day 2
- Overview of the LME market
- Basic concepts, uses and benefits of hedging with futures
- Introduction to risk and price volatility
- Long, short, transactional, and strategic hedges
- Costs of hedging
- Carries
- Using the right hedging instrument
- Hedging with Monthly Average Futures
- Hedging workshops
Day 3
- Basic concepts, uses and benefits of hedging with an options contract
- Options terminology
- Put and call options
- Risk implications and motives
- Hedging futures vs. options
- TAPOs
- Options workshops
- Option pricing
- Hedging combinations
- Zero cost strategies
Costs
Course fee
- London - £ 2090 + VAT
- Virtual Classroom - £ 1885 + VAT
Why choose Euromoney Learning?
4.6/5 rating on course check for service
60,000 professionals trained across public courses
80+ countries where training is delivered
Contact this provider
Euromoney Learning
8 Bouverie Street
EC4Y 8AX London
Euromoney Learning
At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...
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