ADVANCED DEALING COURSE

Available Dates & Locations

No courses are currently available. Please contact us for further inquiries.

COURSE OVERVIEW

The Advanced Dealing Course offers foundational skills essential for newcomers on the dealing floors and for roles in financial markets, especially those related to foreign exchange, interest rates, and commodities instruments. The curriculum encompasses five main subjects that delve deeply into foreign exchange, interest rates, and commodities, along with related market dynamics. These topics blend theoretical discussions, quantitative analysis, and a comprehensive understanding of the financial market landscape.

By mastering the content of the Advanced Dealing Course, aspiring financial market experts are better equipped to demonstrate their grasp and commitment to best market practices, aligning with standards like the FX Global Code and other pertinent industry guidelines. This course is instrumental in preparing students for the ACI Dealing Certificate New Version.

COURSE OBJECTIVES

By completely attending this course, participants will be able to:

Fully prepare for the ACI Dealing Certificate new version exam.
Gain comprehensive understanding of Treasury operations.
Learn currency overlay and risk management techniques.
Launch your career in treasury and financial service industry.
Understand Basic interest rate calculations.
Learn cash Money Markets, discounts, fractions and agreements.
Analyze and understand foreign exchange.
Forward-Forwards, Money market futures and Swaps.
Understand options and options styles.
Learn principles of risk and new model code of conduct.

TARGET COMPETENCIES

Trading Skills
Financial Mathematics
Regulatory Compliance
Ethical Conduct
Interest Rates contracts
Money Markets instruments
Foreign Exchange
Derivatives, Forward-Forwards, FRAS
Money Market Futures and Swaps
Risk Management & Model Code

New entrants and junior dealers, Middle office and operations personnel, Treasury & Relationship Managers, Foreign Exchange, Money Market & Derivatives Dealers, Middle Office & Back Office teams, Auditors, and compliance officers

The course uses a mix of interactive techniques, such as brief presentations, application of theories presented, and demonstrations of real-life examples. It will also include many group and individual exercises to exchange experience. and apply knowledge acquired throughout the course.

FINANCIAL MARKETS ENVIRONMENT

Introduction to Financial Markets
Importance of financial markets.
Financial System and Economy
Global Financial Markets
Understanding financial markets
The Participants in the financial markets
Cash and spot markets VS Forwards and Derivatives markets
Primary VS Secondary markets
Regulated markets and OTC markets
Financial markets Efficiency
The function of the financial markets
The Global Code of precious metals.
The Global Code of UK Money Market.
European Market Infrastructure Regulation (EMIR)

FOREIGN EXCHANGE

The Foreign Exchange Market
Foreign Exchange Quotations
Direct Quotations and Indirect Quotations
Spot Foreign Exchange
Forward Outright Exchange Rates
Forward Swap Exchange Rates
Forward Cross Currency Outright
Explain the relationship between the outright forward rate and the spot rate.
The forward points and interest rates.
The structure and mechanics of FX forward-forward swaps.
Market Terminology
The Metals Markets
ISO codes for currencies of the G20 countries.

RATES

Time Value of Money
Simple Interest and Compound Interest
Interest Rate and Discount Instruments
Benchmarks – LIBOR, EURIBOR and EONIA
Cash and Forward Rates
Money Market Instruments
Islamic money market instruments
(Mudharabah and Murabahah).

FICC DERIVATIVES

Forward-Forward Interest Rates
Forward Rate Agreements
Interest Market Futures
Interest Rate Swaps
Option Pricing
Option Payoff Profiles
Trading Strategies
Foreign Exchange Options
Greeks: Delta, Gamma, Vega, Theta, and Rho
Interest Rate Guarantees, Caps and Floors

FINANCIAL MARKETS APPLICATIONS

Risk Management
Market Risk
Credit Risk
Settlement Risk
Liquidity Risk
Operational Risk
Legal Risk
Regulatory and Reputational Risk
Risk Capital
Key concepts of Value at Risk VAR
VAR quantitative techniques
The Model Code
Assets & Liabilities Management (ALM)

MOCK EXAMINATION

Comprehensive Summary.
Mock Examination
Marking & Revision