Course Overview
This course covers a broad range of topics critical to traders accessing the listed derivatives markets and those who oversee them. The training is designed to provide a better understanding of the basics of electronic trading including activities likely to draw attention from regulators. It also covers exchange rules most likely to impact traders such as pre-execution communications, cross trades, self-match trades, test trades, position limits and order-to-trade ratios.
This course may help meet Direct Electronic Access (DEA) training requirements in certain jurisdictions.
Course duration: 30 minutes
Course Pricing
Key Takeaways
Upon successful completion of the course, learners will be able to:
- Describe key steps required to prepare for trading.
- Explain how the Central Limit Order Book (CLOB) operates.
- Identify key exchange trading rules that apply to trade execution.
- Outline how block trades and exchange-for-related physicals (EFRPs) are conducted.
Course Details
This course focuses on:
- Trader identification
- Contract specifications
- Order types
- Pre-trade risk controls
- Recordkeeping requirements
- Central limit order book
- Permitted transactions outside the CLOB including exchange-for-related positions and block trades
Real cases and interactive exercises enhance comprehension.
Who Should Take this Course?
- Traders who access the futures markets from broker, client, principal trading firms, investment managers, introducing brokers and commercial hedgers.
- System developers who design, maintain or monitor electronic trading systems.
- Front office, legal and compliance professionals responsible for trade execution oversight.
- New hires, employees transferring from other asset classes and interns.
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
