Course Overview
This course has been produced jointly by FIA and the CME Group to help market users understand and comply with some of the most important trade practice rules of the CME, CBOT, NYMEX and COMEX. Topics include wash trades, position limits, disruptive trading practices, block trades and pre-execution communications.
Course duration: 40 minutes
Course Pricing
Key Takeaways
Upon successful completion of the course, the learner will:
- Distinguish between illegal and inadvertent wash trades.
- Explain position limits, position accountability levels and reportable position levels.
- Understand which pre-execution communications concerning Globex trades are permitted.
- How to avoid disruptive trading practices.
- Explain the basics of block trades.
Course Details
This course focuses on:
- Differences between wash trades, inadvertent self-matches and indirect wash trades.
- Rules related to position limits and how they are applied.
- Exceptions to prohibitions on prearranging or pre-negotiating purchases or sales.
- Disruptive practices such as misleading transactions, manipulation of the indicative opening price, and test trades.
- Conditions that apply to block trades.
Who Should Take this Course?
- Anyone who trades on or supervises access to CME Group markets.
- System developers and technologists who design, support or monitor electronic trading systems.
- Brokers, sales and customer support staff who work with clients placing trades.
- Legal, risk and compliance professionals responsible for supervising trading conduct.
- Regulators seeking a clearer understanding of how an exchange oversees market participants.
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
