Course Overview
This course provides a comprehensive overview of average pricing, including how and why futures and options trades are average priced. It explains how fund managers achieve fair and equitable distribution of trades among their customers by using average pricing or best fit methodologies.
Course Duration: 40 minutes
Course Pricing
Key Takeaways
Upon successful completion of the course, learners will be able to:
- Describe the two methods for allocating multiple executions to individual accounts and their benefits and applicable rules.
- Identify the differences between using on-Clearinghouse (CCP) or off-CCP Average Pricing and Best Fit methodologies.
- Explain how average prices are calculated and various system limitations to applying average pricing.
- Apply the steps for processing average pricing instructions according to the customer’s allocation schema.
- Troubleshoot common problems associated with the average pricing process.
Course Details
This course focuses on:
- Key characteristics of average pricing and best fit methodologies
- How average prices are calculated
- Step-by-step average pricing workflow from Give-Up Agreement to Customer Settlement Transmission
- Troubleshooting average price discrepancies
Knowledge checks, scenarios and an assessment test learners’ knowledge of the subject matter.
Who Should Take This Course?
This course is designed for professionals who work for:
- Investment management, principal trading, commercial hedging firms or introducing brokers.
- Executing or clearing brokers and work in sales, compliance, customer service, operations or are a new hire or inner firm transferee.
If your responsibilities include overseeing, explaining or implementing average pricing, you will benefit from this course.
To complete the course, learners must pass the final assessment with a score of 80% or higher. Upon successful completion, a training certificate will be available for download.
Course Pricing
