Certified Derivatives Trader 2019 Certificate Program - Eurex Exchange
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Certified Derivatives Trader 2019 Certificate Program Capital Markets Academy
Certified Derivatives Trader 2019
Course structure
The use of financial derivatives, be it for trading Prior knowledge
or hedging, requires well-founded knowledge. Participants should have basic knowledge of options
This training course provides comprehensive infor- and futures, which can be obtained through
mation about the function of options and futures. our “Introduction course options and futures”.
After a brief refresher on the theoretical basics, you
will learn how to use different futures and options Target group
strategies through case studies. This will enable you The certificate programme is suitable for new em-
to analyse and evaluate derivatives in order to apply ployees of financial service providers and as well as
your market assessment to derive hedging, trading university students and retail investors with sound
and arbitrage strategies in a portfolio context. basic knowledge of options and futures. It is also
aimed at lawyers and consultants working as advisors
In addition, the course manual provides in-depth on exchange-related topics.
information on the Eurex market model and summa-
rises the sections of the Eurex rules and regulations FCA accreditation
relevant to the exam. You will also have access The programme is recognised by the UK Financial
to the Eurex online system training and thus become Conduct Authority (FCA). Participants who have
familiar with the trading system. successfully passed the Certified Derivatives Dealer
exam may complete additional exams to qualify as
Admission as an exchange trader Retail Investment Advisers in the UK (see diagram).
at Eurex Deutschland
Participation in the course, together with the com-
pleted Eurex online system training and passing
of the final exam, certify professional suitability for ad-
mission as an exchange trader at Eurex Deutschland.
One programme – qualification for two markets
Certified Derivatives Trader
Additional appropriate qualification, e.g. exams provided
by the Chartered Institute for Securities & Investment (CISI):
Regulation and Ethics
Investment Principles and Risk / Personal Taxation
Qualified to advise UK retail customers ("Dealing and Qualified for trading at Eurex Exchanges
Advising on Derivatives")Certified Derivatives Trader 2019
Organisation
Certified Financial Engineer Duration
The passing of the final exam is accepted by the The course duration is five days, from 9:30 to approx.
European Institute of Financial Engineering 17:00 CET plus one exam day. The exam is scheduled
and Derivatives (EIFD) as module 1 of the Certified from 14:00 to 17:00 CET, respectively.
Financial Engineer qualification programme.
Eschborn (course held in German)
18 – 22 March 2019 (course), 25 April 2019 (exam)
Exam
Early booking discount for registration until 4 February 2019
The exam is conducted electronically. Participants
have three hours to answer 150 multiple choice 2 – 6 September 2019 (course), 29 October 2019 (exam)
questions. The conditions for participation, including Early booking discount for registration until 22 July 2019
detailed information on the exam, are available
Zug (course held in English)
on our website. To prepare for the exam, participants
13 –17 May 2019 (course), 4 June 2019 (exam)
are provided with a comprehensive manual
Early booking discount for registration until 1 April 2019
and a catalogue with sample exam questions
at the beginning of the course. London (course held in English)
11–15 November 2019 (course), 17 December 2019 (exam)
Tutors Early booking discount for registration until 7 October 2019
Walter Braegger or Vincent Couson
Locations
Nosco Partners AG
Deutsche Börse AG Eurex Global Derivatives AG
(Courses in Eschborn, Germany, and Zug,
Mergenthalerallee 61 Theilerstrasse 1a
Switzerland)
65760 Eschborn 6300 Zug
Germany Switzerland
Paul North
Trainer in Derivatives and Capital Markets Deutsche Börse AG
(Course in London, UK) Westferry House, 11 Westferry Circus
London E14 4HE, United Kingdom
Stefan Toetzke
Fees
GammaVega
Price for early booking:
(Courses in Eschborn, Germany; Zug, Switzerland,
2,880 € plus VAT (3,427.20 € incl. VAT)
and London, UK)
Regular price:
3,200 € plus VAT (3,808.00 € incl. VAT)
If two or more participants register, you will receive
a 10 per cent discount per participant. Full-time students
receive a 25 per cent discount; part-time students receive
a 10 per cent discount (submission of a current certificate
of enrolment required). Multiple discounts may be com-
bined in a single booking.
Participants who wish to repeat an exam are charged a fee
of 200 € plus VAT (238 € incl. VAT).
Contact
Phone +49-(0) 69-211-1 3767
academy@deutsche-boerse.com
academy.deutsche-boerse.com/cdtCertified Derivatives Trader 2019
Agenda
Certificate Program Certified Derivatives Trader 2019
Monday Tuesday Wednesday Thursday Friday
Cash markets Basics of derivatives Regulatory framework Sequel options Sequel options
as underlying ■ Derivatives and their ■ Financial regulation
■ Money market usage in Europe (i. e. EMIR) Relationships Directional strategies
■ Bond market ■ Value driver of derivatives ■ Market Abuse Directive / ■ Conversion and reversal ■ Bull spreads call /put
■ Equity market ■ OTC and exchange-trading Market Abuse Regulation arbitrage ■ Bear spreads call /put
■ Foreign exchange (FX) ■ Arbitrage strategies (MAD/MAR) ■ Hedging techniques
market ■ Credit risks ■ MiFID II / MiFIR (fixed hedging, delta and Volatility strategies
■ Commodity market ■ Regulation in the UK gamma hedging) ■ Straddle
Forwards and futures and USA ■ Strangle
Portfolio management ■ Forward contracts Pricing model ■ Butterfly
■ Portfolio theory ■ Forward Rate Agreements Clearing ■ Time value and intrinsic ■ Condor
■ Portfolio risk (volatility / (FRAs) ■ Interrelations between value ■ Time spreads
correlation) ■ Pricing of FRAs trading, clearing and ■ Insurance value and
■ Portfolio management ■ Basics of futures settlement interest value Hedge ratios
■ Strategic vs. tactical ■ Money market futures ■ Central Counterparty – ■ Differenty types of volatility ■ Correlation
asset allocation ■ Fixed income futures CCP and their importance ■ Beta
■ Risk mass and ■ Equity index futures ■ Clearing system ■ Maximum pain and ■ Limitations of correlation
distributions ■ Futures spread trading ■ Security deposits – margin pin risk and beta
■ Overview of clearing ■ Delta hedge
Swaps houses in derivatives Key figures ■ Gamma hedge
■ Swaps and their usage trading ■ Sensitivity indicators ■ Index values vs. futures
■ Pricing of swaps (“Greeks”) values in hedge ratios
■ Interest rate swaps Options ■ Option pricing models
■ Options fundamentals ■ Developing trading
■ Basic options positions strategies
■ Eurex options
■ Risik-reward profiles
of the basic positions
Relationships
■ Put/call parity
■ Synthetic positions
Published by December 2018
Deutsche Börse AG Order number 1900-4812
60485 Frankfurt / Main
Germany Eurex® is a registered trademark
www.deutsche-boerse.com of Deutsche Börse AG.Registration
Deutsche Börse AG
Capital Markets Academy
60485 Frankfurt am Main
Fax +49-(0) 69-2 11-1 37 63
Registration “Certificate Program Certified Derivatives Trader 2019”
Personal details Name, first name Male Female Place and date of birth
Home address Street / P.O. box Postcode, town
Phone, fax E-mail
Business address Employer
Street / P.O. box Postcode, town
Phone, fax E-mail
Billing address Home address Company address
Professional experience Years at the start of the certificate programme: Thereof years in the financial sector:
Course details / dates 18 –22 March 2019 (Eschborn, course held in German) 2– 6 September 2019 (Eschborn, course held in German)
13 –17 May 2019 (Zug, course held in English) 11–15 November 2019 (London, course held in English)
Terms and conditions I hereby expressly confirm that I have correctly entered my details into the application for the program “Certified Derivates Trader”.
I have read the terms and conditions and accept them as part of the contract.
I would like to receive information about the training courses offered by the Capital Markets Academy of Deutsche Börse AG
via e-mail. I may revoke my consent to this at any time.
We process your personal data in accordance with our General Data Protection Regulation (academy.deutsche-boerse.com/privacy-notice).
Place, date Stamp, signature applicant
In addition, if costs are borne by employer Stamp, signature employerTerms and conditions
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