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A Trader’s Guide to Financial Markets


Objective: a comprehensive 3-day programme covering all aspects if the financial markets such as the needs of the participants, securities and derivatives, portfolio considerations, risk management, operational considerations:

·        Who are the participants and what do they need

·        Cover all of the key securities, derivatives, and structured products in all asset classes

·        Examine portfolio effects and management with consider of portfolio risk/return management over the holding period

·        Risk management from both the investor/trader perspective as well as the from the risk manager’s perspective


·        market maker, prop traders, sales, support, structurers

·        management, treasurers, Risk Management

Table of Contents

1)       Overview: The “big picture” introduction to the basic tenants of financial markets including the participants (investors, hedgers, lenders, borrowers, etc) with attention to the needs (risk/return and usage) of each of the participants.

2)       Finance Basics: the building blocks of financial markets including detailed assessment of arbitrage (what it means and what it does not mean in the real world), present value theory, the importance of funding, interest rate parity, liquidity in theory and practice, credit, and a wide range of “reality impact” such transaction cost, trading gaps and so forth.

3)       Securities: examination of all major securities in all asset classes.

4)       Derivatives (non-contingent): examination of all key forward based contracts (futures, forward, swaps) in equity, interest rate, foreign exchange, and commodity markets.  Particular attention is given to the theory vs. reality issues, and idiosyncrasies of the contracts and markets.

5)       Derivatives (Options): valuation and risk of products with contingent or uncertain terminal values – looks at payoffs of calls/puts and how the values are effected by market movements, covering all vanilla options and touching on the important exotic options, with a an explanation of the valuation fundamentals that apply to the real world.  Introduction to the Greeks.

6)       Structured Products: examination of more complex structures indicating the benefits/costs and “wrinkles” from both risk/return perspective as well as from the position management perspective.

7)       Portfolios: examines the problems of integrating and aggregating products into portfolios such that net risks are managed and the portfolio benefits from risk diversification, and importantly the impact of holding period strategy under uncertain conditions.

8)       Risk Management: looks at the techniques of measuring/managing risk from both the position keeping and risk management perspectives.


720 Pages of comprehensive and extensively illustrated Handout Notes (see samples here)

Plus copies of relevant TG2 Books/e-Books

Note: Seminars can be tailored to your trading, risk, client, and systems needs.  Submit your needs, and/or "cut/paste" from other Seminars (see entire "standard" list HERE)


    Get a Syllabus in more detail

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Last modified: July 25, 2011