FX Exotic Options.
Review of the Fundamentals.
Fundamentals.
Components of foreign exchange risk: forwards, swaps and vanilla options FX options market: who does what and why Software solutions: which vendor offers what - Fenics, SuperDerivatives, Bloomberg, Volmaster, Murex, ICY, Reuters.
Pricing and Hedging in the Black-Scholes model.
Black-Scholes / Merton model in FX Derivation of the value of a call and put option Detailed discussion of the formula Greeks: delta, gamma, theta, rho, vega, vanna, volga, homogeneity and relationships among Greeks.
Vanilla Options.
Put-call parity, put-call symmetry, foreign domestic symmetry Quotation conventions in FX, ATM and delta-conventions Dates: trade day, premium payment day, exercise/expiration time, settlement day Settlement, spreads, deal processing, counterparty risk Exotic features: deferred payment, contingent payment, deferred delivery, cash-settlement, American and Bermudan exercise rights, cut-offs and fixings Market Data: rates, forward points, swap points, spreads.
Workshop: Acquaint yourself with pricing software and market quotes.
Volatility.
Implied vs. historic Quotation in terms of deltas Volatility cones Volatility smile: term-structure, skew, risk reversals and butterflies Volatility sources Interpolation and extrapolation across the volatility smile surface: SABR, vanna-volga, Reiswich-Wystup Forward volatility.
Workshop: Build your own interpolation tool for volatility smile, calculate Greeks in terms of deltas, hedging volatility risk, deriving the strike from the delta with smile.
Structuring with Vanilla Options.
Risk reversal and participating forward Spreads and seagulls Straddles, strangles, butterflies, condors Digital options.
Workshop: Structure your own seagull. Include sales margin. Solve for zero-cost. Calculate delta and vega hedge. Discuss bid-ask spread. Analyze smile effect.
Structuring and Vanna-Volga-Pricing.
First Generation Exotics: Products, Pricing and Hedging.
Digital options: European and American style, single and double barrier Barrier options: single and double, knock-in and knock-out, KIKOs, exotic barrier options Compound and instalment Asian options: options on the geometric, arithmetic and harmonic mean Power, lookback, chooser, paylater.
Workshop: Hedging a knock-out with a risk reversal. Build your own semi-static hedging tool, discuss forward volatility risk.
Applications in Structuring.
Dual currency and other FX-linked deposits Structured forwards: shark forward, bonus forward, range-reset forward FX-linked interest rate swaps and cross currency swaps Exotic spot and forward trades.
Workshop: Structuring exercises: build structures, solve for zero cost, smile adjustment, bid-ask spreads.
Vanna-Volga Pricing.
How higher order derivatives influence the price Vanna-volga pricing approach Case study: one-touch, one-touch moustache Discussion of model risk and alternatives: stochastic volatility.
Workshop: Pricing of barrier options with smile.
Overview of Market Models.
Stochastic volatility models Heston 93: model properties, calibrations, pricing, pros and cons Local Volatility: properties, pros and cons Stochastic Local Volatility Hybrid models.
Super-Replication of barrier options: using leverage constraints and its first order approximation - the barrier shift. Mixing super-replication and vanna-volga.
Second Generation Exotics, Pricing and Hedging issues.
The Pedigree of Barrier and Touch Options.
Workshop and Discussion: How to construct the universe of barrier and touch options from key building blocks: vanilla and one-touch. Residual risk and limitations. Static, semi-static and dynamic hedging approaches.
Single Currency Exotics beyond Standard Barrier and Touch Options.
Exotic features in (vanilla) options: deferred payment, contingent payment, deferred delivery, cash-settlement, American and Bermudan exercise rights, cut-offs and fixings Exotic barrier and touch options Faders, corridors, accumulative forwards, target redemption forwards (TRFs) Forward start options, step-ups Time options Variance and Volatility Swaps.
Workshop: Structure and price your own accumulative forward. Smile adjustment. Simulation tool for TRFs. Discussion of TRF hedging.
Multi-Currency Exotics.
Product overview with applications: quanto options, baskets, spreads, best-ofs, outside barriers Correlation: implied correlations, correlation risk and hedging, currency triangles and tetrahedra Pricing in Black-Scholes model: analytic, binomial trees and Monte Carlo.
Workshop: Pricing and correlation hedging a two-currency best-of: calculate your own sensitivities and hedge vega and correlation risk.
Long Term FX Options (contributed usually by the Guest Speaker)
Development of Basis Spreads Product Range, FX-linked bonds, long-term vanilla and PRDCs Modelling approaches Discussion of risk features and modelling requirements.
Keep me updated about this course via .
Call now for more information on this course or to book:
EMEA +44 (0) 20 7378 1050.
Course very interactive and packed with lots of theoretical and practical information. A good refresher or a good introduction to the FX options market.
You may also be interested in.
Our London Location.
All you need to know about our training facilities, travel and the local area.
London Financial Studies is registered with CFA Institute as an Approved Provider of continuing education programs.
London Financial Studies is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

FX Exotic Options.
This advanced three-day course covers the pricing, hedging and application of FX exotics for use in trading, risk management, financial engineering and structured products.
FX exotics are becoming increasingly commonplace in today’s capital markets. The objective of this workshop is to develop a solid understanding of the current exotic currency derivatives used in international treasury management. This will give participants the mathematical and practical background necessary to deal with all the products on the market.
All participants will receive a copy of the latest edition of Professor Wystup's reference book "FX Options and Structured Products" , published by Wiley.
Guest speaker: Tino Senge - Quantitative Analytics Group, Barclays Capital.
Date: 18th - 20th June 2018.
Venue: Central London.
Fee: ВЈ1325 per day.
This course is also available in New York, Singapore and Sydney.
Who The Course is For.
Quants/ Financial Engineers: To learn how the products are used Traders: To deepen the technical background Risk Managers: To understand the front-office way of thinking Structurers: To learn more about pricing and models Researchers: To understand the practical matters Sales People: To get the overview of product development and smile adjustments.
Prior Knowledge.
This course is for anyone new to FX Exotics and those who need to bring their knowledge up to date and learn how the overall FX options market works. However, this is not a basic course on options and understanding of the FX vanilla options market and FX smile is essential to understand exotics.
The programme is also not a pure quantitative modelling seminar, but will provide the necessary mathematics you need to understand to be successful in FX Options.
Keep me updated about this course via .
Call now for more information on this course or to book:
EMEA +44 (0) 20 7378 1050.
LFS is an excellent institution with a very high standard of tutors. I have completed two courses through LFS and would highly recommend them.
You may also be interested in.
Our London Location.
All you need to know about our training facilities, travel and the local area.
London Financial Studies is registered with CFA Institute as an Approved Provider of continuing education programs.
London Financial Studies is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

Forex courses in london.
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6 Replies to “Forex courses in london”
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Fx options course london

Our award winning, certified Beginners Course on Forex Trading is a one day event held in London, Manchester, Bristol and Birmingham designed to teach you all of the key concepts involved in Forex Trading. During this event you will understand how you can start your career as a Global Currency, Commodity or Stock Trader alongside your current work commitments or as a full-time income from anywhere in the world.
As part of the course you will receive a course manual, certificate of attendance and lifetime access to our Pro Chart Setup, a series of videos showing you how to download and configure your charting software using our chart template. Furthermore we will be hosting a Live Market Analysis Webinar after your attendance on the course as well as an optional Coaching Call to discuss your suitability to trading. Please find a breakdown of the topics below.
Upcoming London Courses 11th November 2017 / 2nd December / 13th January 2018 / 3rd March / 14th April / 2nd June.
Upcoming Birmingham Courses 7 October 2017 / 10th February 2018 / 8th September 2018.
Upcoming Manchester Courses 16 December 2017 / 24th March 2018 / 23rd June 2018.
Upcoming Bristol Courses 12th May 2018.
Learn how trade the markets alongside your current work commitments Discover how to interpret the currency charts and technical indicators Learn how to limit your risk to just 1% of your account and ensure maximum profitability Lifetime access to the Pro Chart Setup Video Series 100 page Forex Trading manual to help reinforce your learning CPD Certified Certificate on completion of the course Includes Live Market Analysis Webinar Optional One to One Coaching Call with a professional trader.
I have attended the course simply out of curiosity with no intention of trading. Now it seems to me that I could do this alongside my current commitments. Shirona, Quality Assurance Executive.
I have been on many seminars and courses but this was just great. Exactly what I needed. very engaging & informative. Mario, Property Investor.
I was very impressed by the clarity, intensity and techniques explained on the day. I did not expect to understand all the stuff as well as I think I have. Keep up the great work!
Ada, University Lecturer.
Click for recent reviews.
Our award winning Beginners Course on Forex Trading has been independently certified as conforming to universally accepted Continuous Professional Development. The course provides 5 CPD credits. Upon completion of the course you will receive a certificate recognising this achievement.
For a list of the latest independent reviews, please click here.
Module 1 - Forex Industry.
In this unit we will be explaining the Forex Industry and how it operates including the main market participants and key market sessions. We will be sharing with you the major currency pairs that are traded and how they are measured in Pips. You will also learn how to profit in both a rising or falling market as well as how to interpret a currency chart.
– The primary and secondary market participants.
– Key Trading Hours.
– The use of Leverage & Margin.
– Understanding Pips & Pipettes.
– The function of a broker and the spread.
Module 2 - Analysis Methods.
During this section we will be showing you the various Analysis Methods used by financial traders including fundamental and technical analysis. You will be taught the key concept of Support & Resistance and how it is used when identifying chart patterns in real market conditions. Finally we will introduce you to the four technical indicators used on Alpha Trading Floor and how to interpret them on a currency chart.
– Understanding the importance of fundamental and technical analysis.
– The characteristics and relevance of chart patterns.
– Technical indicators used by professional analysts and traders.
– How to identify emerging trends.
– The concept of the Fibonacci indicator.
– How to interpret market sentiment.
– How to identify overvalued and undervalued markets.
– The process of combining multiple analysis techniques to obtain a higher probability.
Module 3 - Trading Strategies.
In this unit we will be sharing the five elements involved in any trading strategy as well as the only two entry techniques available when trading the markets. You will also be introduced to Alpha Markets four main trading strategies and how they are used to identify high probability, repeatable trading opportunities.
– How to build a trading strategy using the five core elements.
– Introduction to Alpha Trading Floor’s propitiatory trading strategies.
– How the ‘breakout’ and ‘pullback’ concept can be used to enter a trade.
Module 4 - Money Management.
In this module you will learn the various features used that enable traders to limit their risk per trade to just 1% of their account. We will also explain the techniques used by traders that enable them to remove all risk from a trade at the correct time, as well as the power of compounding growth.
– The requirement of a Stop Loss for effective risk management.
– How Position Sizing can be used to limit risk to a predefined percentage.
– The concept of Risk / Reward ratios when trading the financial markets.
– The power of compounding growth.
Module 5 - Trading Platforms & Accounts.
During this section we will be explaining what a Forex Platform is as well as how to open up a live trading account. You will be shown a trading platform as well as the various features that can be used when trading in live market conditions. After the course you will have access to our Pro Chart Setup video series showing you how to download and configure your charting platform.
– The core elements of a Trading Platform.
– How to execute “at market” trades.
– How to execute “pending / automated trades”
– How to execute a Stop Loss to limit risk.
– Secondary functions of a Trading Platform.
Module 6 - Trader Psychology.
This final module will introduce you to the concept of trader psychology and how it effects how individuals trade the financial markets. We will be explaining the psychological roller-coaster of trading using live examples as well as the six steps to trading success.
– The psychological challenges of trading the markets.
– Three steps to managing your state of mind when trading.
– The six steps to your trading success.
Secure your place on our Beginners Course on Forex Trading on one of the available dates listed above. We look forward to seeing you on one of our events soon.
4.46 average based upon 977 reviews.
Price: £159.00 (incl VAT)
The day is set to begin at 10:00 and finish around 17:00. Registration begins at 09:30.
Do I need to bring anything with me?
There are no specific items you need to bring. Notepads and pens will be provided along with a course manual.
Lunch will not be provided, however refreshments will be given throughout the day.
Is there any parking available?
There are pay & display areas surrounding the hotel as well as a multi-storey car park nearby.
What happens if I can’t attend on the date I registered for?
If you are unable to attend the course for any reason, you can us and we will reschedule your booking for the next available date.
Do I have to have prior knowledge of Forex Trading?
You are not required to have any knowledge of Forex Trading in order to attend the event. The day aims to teach you all of the key concepts involved in trading from a Beginners level. Those that have prior experience in trading are encouraged to attend as certain strategies and techniques used at Alpha Trading Floor may be beneficial to them.
Is there a dress code for the event?
There is no dress code as such, however we would recommend smart/casual.
Is there minimum age for people attending the event?
Those attending the event must be 18 years or older.
Here are some of our internationally recognised partners or organisations who have either accredited or found our education may be eligible for continuous professional development submission and subsequent approval.
Alpha Markets Ltd trading as Alpha Trading Floor is registered as a private limited company in England & Wales. Company Registration number 7208708. Registered address is Third Floor, 207 Regent Street, London, W1B 3HH. VAT Registration Number: GB 142 7947 91. Alpha Markets Ltd is Authorised & Regulated by the Financial Conduct Authority with a Consumer Credit License. FRN 685049. UKRLP Registration Number: 10043182.