Final d-cyphaTrade workshops for 2008

Tue 21 Oct 2008

d-cyphaTrade is running its last set of Electricity Futures and Options Trading workshops for 2008.

1. Electricity Futures & Options Workshop - Thursday 20 November (7hrs)| Melbourne

This introductory workshop is designed to increase the understanding of the d-cypha SFE Australian Electricity Futures and Options Products. Participants that should attend include regulators, traders, analysts, advisors, risk managers, trade support and more.

  • Agenda includes:
    • Characteristics of the centrally cleared futures market
    • Reducing OTC Credit Default risk using futures
    • Comparisons between futures and Over the Counter markets including valuation of counterparty credit default risk, margining and compliance
    • Introduction to the Electricity Futures & Options contract specifications
    • Hedging strategies using futures adopted by electricity market participants
    • SFE Daily Price Settlement Procedures
    • Differences between futures trading mechanisms
    • Understanding Margining including worked examples of options and futures margining
  • Click PDF brochure for a full copy of the workshop agenda.

2. Option Trading Workshop - Friday 5 December (6hrs)| Sydney

Electricity options trading volumes exceeded underlying physical demand consumption during September 2008. The level 2 "Electricity Options Trading Workshop" will include analysis of option hedging strategies for energy companies and option volatility trading techniques for financial trading specialists.* The Options Trading Workshops will provide practical electricity option trading insights rather than drawing heavily on theoretical options-related mathematics. This workshop is ideal for electricity brokers, traders and analysts.

It is recommended to complete the introductory workshop; Electricity Futures & Options before progressing to the Level 2 Options Trading Workshop.

  • Agenda includes:
    • Understanding d-cypha SFE Electricity Options contract specifications
    • Hedging physical electricity market exposures using options (calls, puts, collars, call spreads, put spreads etc).
    • Option volatility trading strategies
    • Analysing and comparing historical futures volatility trends with implied option volatility
    • Practical use of the Option Greek risk measurements
    • Skew trading
    • Delta hedging practice
    • managing option expiries
    • Volatility trading objectives
    • Mixing OTC and exchange traded positions
  • Click PDF brochure for a full copy of the workshop agenda.

How to Enrol

If you're interested in registering or have any queries please contact a member of the d-cyphaTrade Team on 1800 330 101, alternatively for further information on both workshops please go to Electricity Training.

Please note if we have not scheduled a workshop in your city and are interested in us conducting a mixed or in-house one please contact d-cyphaTrade on 1800 330 101.

* Workshop attendees must be "Wholesale" derivative traders, as per Corporations Law definition.