FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
Available on iPad and Android tablets as well as desktop
FX Option Trading
The foreign exchange market is the most liquid capital market in the world. According to the latest BIS survey (2010), daily turnover was around USD 4 trillion. This massive, fluid, market has spawned a very significant option sector.
This course focuses on the world of the OTC FX option trader. It covers the basics of these instruments and their pricing. More exotic structures are also examined and the roles of the various market participants are described in detail.
On completion of this course, you will be able to:
• Price a simple European-style foreign exchange (FX) option and calculate the spot delta exposure
• Hedge the exposures for simple interest rate options
• Recognize the effect of volatility smiles on the pricing of most FX options and on the risk exposures of an option trader
• Identify the characteristics and uses of the most common exotic FX options
• Describe the roles of various participants in the FX option market
Prior to studying this course, you should have a solid understanding of spot and forward FX markets as described in the Foreign Exchange course. You should also be familiar with the following courses on options:
Options - Introduction to Option Valuation - View Now
Options - Barrier Options - View Now
Options - Future Asset Prices & Volatility - View Now
Options - Replication, Risk-Neutrality, & Black-Scholes - View Now
Options - Beyond Black-Scholes - View Now
ESTIMATED COMPLETED TIME
Options – Managing an Interest Rate Option Book
This course provides an overview of managing an interest rate option book. It explains in detail how delta and vega exposures of an option trade are hedged and looks at the problems in combining exposures associated with different instruments, for example, combining swaption exposures with caps and floors.
Other Courses In:
Interest Rate & FX Options
Caps & Floors - An Introduction
Caps & Floors - Pricing
Caps & Floors - Chooser & Double-Strike Structures
Interest Rate Volatility
Options - Managing an Interest Rate Option Book
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