Learning Platform - "Trade Compliance & Surveillance"
Course: Fundamentals of Commodity Markets
About the Course
Entrima offers online education. We cover various educational programmes, each being split into multiple building blocks. The educational programme “Fundamentals of Commodity Markets” is offered in a wide range of modules. Each module represents a specific subjects and/or themes.
Course Contents
Asset classes – Types of markets
- About fixed-income, equity, real estate, FX and commodities
- Risk-reward ratios
Commodities & commodity markets
- About metals, softs & energy, but also freight, carbon & fibres
- Relations & correlations
Production, storage & transport – Up-, mid- & downstream
- Capacity
- Analysis of availability and utilization
Market participants & their role
- Commodity trading firms & investors
- Risk diversification & correlation
- Roll yield
Spot & forward markets – Physical & financial products
- Price volatility
- Power & Gas – Balancing
Commodity derivatives – Contract specifications & settlement
- Physical delivery vs. cash settlement
- ADP, TAS
- Power & gas: Delivery period vs moment
Pricing of commodities – Price driving factors
- Fundamental & non-fundamental price driving factors
- Pestle & steepled analysis, incl. seasonality & mean-reversion
Commodity markets vs. Financial markets – Differences
- Differences between the characteristics of both markets
- A comparison is made concerning markets, products & pricing
The role of speculators
- The impact of speculators on price levels
- Politicians, policy makers & regulation