Foreign Exchange Markets - Online

Different foreign exchange products; their pricing and applications are comprehensively dealt with in this course group. Discussions include the foreign exchange market risks. All foreign exchange derivatives such as currency futures / swaps / options and second-generation forward contracts are explained. FX trading controls, as given in ACI code of conduct are dealt with. Real case studies are also incorporated. Pricing, structuring and application can be practiced with calculators/simulations.

This is an online self study course that can be globally accessed from any internet enabled computer.

Available TodayOnlineUSD$100
Instructional Method:
Self-Study
Level: Basic
CPE Credits: 18

New FX traders and investors, foreign exchange staff in commercial banks, middle office, auditors, securities firms, insurance companies and corporations, analysts, and junior traders.
Students will be able to:
  • Understand Nuances of foreign exchange markets
  • Understand Foreign exchange derivative products
  • Understand Second-generation forward contracts
  • Understand FX trading controls
Familiarity with basic financial concepts
  • Corporate Treasury Management: Foreign Exchange Management - Online
    • Overview of Foreign Exchange Market
    • Meaning of Foreign Exchange
    • Market Size
    • Reasons to Trade FX
    • Market Timings
    • History
    • Market Participants
    • Dealing Methods

    Spot Market

    • Spot Foreign Exchange Transactions
    • Spot Foreign Exchange Transactions
    • Direct and Indirect Quotes
    • Bid-Offer Spread
    • Cross Rates

    Forward Market

    • Outright Forward Transactions
    • Determination of Forward Rates
    • Forward Cross Rates
    • Short Dates

    Determination of Exchange Rates

    • Interest Rate Parity
    • Purchasing Power Parity
    • The Fisher Effect
    • Balance of Payments Approach
    • Monetary Approach
    • Portfolio Balance Approach
    • Forecasting Exchange Rates

    Currency Futures

    • Futures vs. Forward Contracts
    • Currency Futures Market
    • Futures Contract Specifications
    • Marking to Market
    • Futures Quotation
    • Pricing Currency Futures
    • Hedging with Currency Futures
    • Speculation with Currency Futures

    Currency Options

    • Currency Options
    • Basic Option Strategies
    • Covered Strategies
    • Spread Strategies

    Currency Swaps

    • FX Swaps
    • Currency Swaps
    • Currency Swap vs. FX Swap
    • Quoting Conventions
    • Types of Swaps
    • Uses of Currency Swaps

    Second Generation Forward Contracts

    • Second Generation Forwards
    • Range Forwards
    • Participating Forwards
    • Break Forwards
    • Forward Sale Agreement

    Fx Trading Controls

    • ACI Model Codes regulations

    Authorised Persons - Categorisation

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