Workshop

1 Day Workshop on Currency Derivatives Market

Overview

Since inception of FOREX market in India in year 1978, steady rise in India’s foreign trade along with liberalization in foreign exchange regime has led to large inflow of foreign currency into the system in the form of FDI and FII investments. To provide a liquid, transparent and vibrant market for foreign exchange rate risk management, Securities & Exchange Board of India (SEBI) and Reserve Bank of India (RBI) have allowed trading in currency futures on stock exchanges like NSE, MCX-SX in 2008 and recently on USEI in India, initially based on the USDINR exchange rate and subsequently on three other currency pairs – EURINR, GBPINR and JPYINR. Recently option trading of currency pair USDINR is also introduced on NSE in October 2010.

As on Nov. 11, 2011 total turnover in currency derivatives segment stands at Rs. 129,164.50 million for MCX-SX, Rs. 104,687.8 million for NSE, and Rs. 193, 73.7 million of USE India. Of total volume on all exchanges, currency pair USDINR, is the most traded contract with 96.5% of total volume, EURINR stands second at 2.5% and 1% by JPYINR and GBPINR. The total turnover for USDINR option on NSE stands at Rs. 353, 71.8 million for the same date.

This fast paced growth of currency derivatives market also created the dearth of practically trained and certified currency derivatives trading professionals and hence emerged the excellent career opportunities for budding professionals in the area of jobbing, trading, research and analysis and other related domains. There is a huge demand for skilled and certified professionals not only having conceptual understanding of the segment, but involved in exploring opportunities for profitable trade using leverage provided by various currency derivatives instruments. This high-end requirement of the industry has led us to evolve the training module that inculcates this required skill sets and professional approach into the aspiring market players.

Objective

The aim of the program is to help participants acquire in-depth knowledge of Forex derivatives market. It has been designed by professionals with many years of experience in the derivatives market and financial domain. The insight will help participants to understand Forex derivatives from an analytical point of view and to develop and understand complex derivative strategies with ease. It will also help participants to ensure Currency Derivative Certification, a must to start a career in the domain.

Curriculum

  • Introduction to FOREX market
  • Currency Futures from Indian Market Perspective
  • Practical Application of Currency Futures and Pricing
  • Trading Currency Futures
  • Introduction to Options
  • Option Greeks & Strategies
  • Interpretation of Market Indicators
  • Clearing, Settlement & Risk management
  • Regulatory Framework
Program Details

Duration: 8 hours spread over a day in session break-ups

Key Facts


Pedagogy

The program will be delivered by market professionals carrying years of expertise in derivatives market and financial domain. To make the learning process more interesting and knowledge intensive, the workshop will be a blend of lectures, interactive discussions and exercises based on case studies. The program aims to inculcate the analytical base and develop the practical approach towards Currency Derivatives market and trading.

Certification

Certificate of participation will be awarded to participants after successful completion of workshop.

Facilitator

Gaurav Pal brings in more than 10 years of experience in International & Indian financial markets. Having worked at some of the widely respected financial institutions at senior positions, he has been instrumental in establishing 2 international derivatives exchanges in Middle East. He was head of Exchange operations & product development at Bahrain Financial Exchange before founding Intelivisto Consulting India Private Limited.

Finance professional to the core, Gaurav holds an MBA degree from IIT Roorkee. He has trained hundreds of professional in India and abroad on emerging concepts in financial markets.


Entry Requirements


Who can attend?
  • NISM Certification aspirants
  • Students pursuing a career in finance
  • Front office & back office personals of broking firms
  • Finance professionals
  • Corporate hedgers
  • Risk managers
Registration

Register online at www.intelivisto.com or write to us at trainings@intelivisto.com. You can also reach us at +91 9582000102 from 9.00 am to 7.00 pm (Monday to Saturday).




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Testimonials

A very insightful session. I was able to correlate with the content in a practical manner, as the example given were very good. Thanks for such a good session. The session helped in gaining leanings about derivatives and contracts.

  - Abhishek, Student (BPL), SOIL-GGN

It was by far the best workshop, rather than a lecture that we are used to. I could not understand share market and its working before this. You were good. Though I was not too excited about the finance before. But it was a transformation.

  - Jashan , Student (MBA)-BVIMR

According to me, the session was highly interactive and provided the valuable knowledge and information that could help us in entering into the stock market and also in various financial institutions. Thank you so much SIR.

  - Karuna , Student (MBA)-BVIMR