Trainings Cluster: Competency Tests

The aim of these Competency Tests is to assess your skills as a trader and, thus, to see whether your competences are fit for purpose.

You will master concepts, processes and terminology.

Traders need to show a pro-active approach and assertiveness on the back of initiatives by others in the market. No time should be wasted. Therefore, your responsiveness is assessed and whether you remain an overview of the situation (in terms of numbers) when under pressure.

Feel competent and confident

Competency training will lead to a range of improvements and it enhances your knowledge, skills, and your overall performance in the wholesale markets. You will feel much more competent and confident with concepts, processes and terminology.

Licence for individual

  • 24/7 access to the following bundle:
  • Competency Tests
  • 3 months access for 1 learner (€ 890)
Get individual licence

Training Cluster: Competency Tests

This cluster contains the following components, click on the link for more information.

24/7 access to all 50+ simulations

The trading simulations cover different products, various technical aspects and strategies, risk management and trading activities.

Run the trading simulations repeatedly, each time with a new scenario, they mimic real market conditions.

They help you to apply knowledge, optimise competencies and increase expertise.

Group licence

  • 24/7 access to:
  • All 50+ simulations
  • 3 months access for a group

Frequently Asked Questions

For whom is the Competence Trainer most useful?

The Competence Trainer is suitable for any professional in the commodity & energy markets with a business, control or support function. This includes regulators, compliance officers, surveillance experts, risk managers, analysts, clearing specialists, settlements officers and IT professionals, as well as junior traders and brokers.

How does it work?

Practice your abilities unlimited without risk. The simulations mimic real-life situations at work and the required market-related actions. A user can, for instance, act in the capacity of a trader and perform screen-based training, via a front-end trading system (replicating both OTC trading and exchange-trading), as well as by responding to telephone calls, either based on a dedicated assignment or free format (in any role of choice).

Is it difficult to perform the training?

No, there are five ways to guide you, namely 1. instructions (pre-simulation), 2. a tutorial (at the start of the simulation), 3. reminders (during the simulation), 4. report & advice (post-simulation), and 5. exam.To ensure progress is not hindered, a tutorial helps you to get started, while reminders are generated during the simulations to keep you on track.

What ensures that I improve my competencies with the Competence Trainer?

You turn information into knowledge. Competence training facilitates the conversion of information into knowledge by guiding learners through active engagement, critical analysis, and practical application of lessons learnt.

What learning objectives does the Competence Trainings Cluster Competency Tests serve?

The bundle of trading simulations includes the following learning objectives:

It is tested whether you are resilient, adaptive, and alert, as well as whether you have a feeling for numbers. Besides, it is tested whether you are decisive and dare to make decisions, under pressure, and, thus, in a timely manner.

How much time will it take me to go through all the simulations?

At every simulation you can choose to run it in fast mode (5 minutes), medium (10 minutes) or slow (30 minutes). Next, you have access to a multitude of (different) simulations. This means you need to multiply by this number. Furthermore, as you may run each simulation unlimited times, you can spend as much time as you’d like. Luckily, every time you run the same simulation; you will face other circumstances just like in reality (random scenarios lead to different market developments).

What are my options if the validity period of my licence has expired but I haven’t gone through everything yet?

Send your request to renew your licence per email to info@entrima.org. Upon your payment we’ll effectuate your renewal.

Can I extend the validity period of my licence?

Yes, easily. Send your request to extend the validity period of your licence per email to info@entrima.org. Upon your payment we’ll extend the validity period, or (if already expired) we’ll effectuate your renewal.

Do I get a certificate if I have completed everything correctly?

Any simulation ends with an exam, consisting of a selection of questions. Upon passing you’ll be certified instantly, ready for immediate download from the system, so that you can upload into your corporate and/or personal files.

How can I develop my competencies even further?

Entrima offers a variety of learning services. Amongst these, a tailored training guided by a tutor (online or on-site) might be preferred, although Entrima’s “Intervision” service is another excellent option to extend your knowledge and skills by reflecting on a wide range of topics ongoing. This way, continuous professional developed is effectuated.

Reviews

Entrima’s Competence Trainer is unique in its kind. I have never seen anything alike. It allows learners to master lots of relevant aspects of trading operations, including clearing, netting and margining in a very pragmatic way.

Miquel Thijssen Senior Sales Consultant, Sales Clearing Europe, European Energy Exchange