Online Public Courses
-
REMIT 2
Programme This course concerns a 1-day online workshop covering the following topics: REMIT 2 – The Background Market integrity Transparency Market developments New trading practices (e.g. due to technological developments) Alignment with financial market rules (MAR) Stages, intermediate steps Minimise consequences for retail markets (price volatility) Reinforce EU dimension and the supervisory role of ACER […]
-
Energy Markets & Trading
This is a 2-day online training course. Target groups New recruits and any other professionals in the commodity and energy markets, including employees of system operators, regulators, exchanges, brokers, and parties with a trading function. Learning objectives Master the energy supply chain Being able to identify the risks and opportunities of energy producing […]
-
The Energy Value Chain
Programme This course covers a 1-day online workshop covering the following topics: Commodities and their supply chains: Power Crude & distillates Natural gas & LNG Coal Bio-energy (biomass, biofuels, biogas) Hydrogen (green, blue & others) Heat Emission rights Attribute certificates Supply chain activities Upstream activities: production Upstream capacity Conventional: thermal plants Renewable: hydro, PV, wind, […]
-
How to Make Money with Battery Storage
Batteries are going to play an increasingly important role in the energy system. An increasing number of developers are keen to add battery storage systems into their existing projects, but future cash flows are highly uncertain and they are often unsure exactly how the battery will be used. A strong revenue model requires stacking of […]
-
Energy Markets & Organisations
Programme This course concerns a 1-day online workshop covering the following topics: Markets Time horizon Balancing, spot and term markets Structure Continuous trading vs. auctions Stakeholders in the markets The roles of parties acting in or relating to the markets Market participants Brokerage firms Trading venues Clearing organisations System operators Policy makers Regulators Their relations […]
-
Energy Trading
Programme This course concerns a 1-day online workshop covering the following topics: Fundamentals of trading Why does trading take place? Where does trading take place? When does trading take place? Who does trading take place? How does trading take place? On-venue versus off-venue trading OTC deals versus exchange transactions Brokerage agreements versus memberships Brokerage services […]
-
Energy Contracts
Programme This course concerns a 1-day online workshop covering the following topics: Supply contracts Main specifications Volume Fixed Variable Price Fixed Floating (e.g. indexation) Type of constructions Take-or-pay Take-and-pay Volume flexibility Percentage Volume risk Swing optionality Upper & lower limit Time to delivery Spot contracts Intraday Day ahead Term contracts Forwards Futures Delivery period Granularity […]
-
Energy Pricing & Market Analysis
Programme This course concerns a 1-day online workshop covering the following topics: Price discovery The role of price reporting agencies Pricing panels Governance rules for administrators and contributors Market analysis Fundamental analysis Technical analysis Quantitative analysis Psychological analysis Price formation in the wholesale markets Price driving factors Fundamental drivers Non-fundamental drivers Central order book Bid […]
-
Contract Management
Programme This course concerns a 1-day online workshop covering the following topics: Master agreements Legal frameworks for bilateral deal-making Standardisation of non-commercial terms Specifications & clauses Industry standards & the role of industry bodies Managing counterparty risk Counterparty credit risk management Due diligence & KYC procedures Credit ratings Credit support Credit support annex (CSA) Supply […]
-
Risk Management in the Business of Trading
Programme This course concerns a 1-day online workshop covering the following topics: Risk management Risk identification Risk assessments (qualification & quantification) Risk reporting (scenario & sensitivity analysis) Risk control (liquidation, hedging) Market risk Price volatility Market (price) risk management Counterparty risk Two components Delivery risk Credit risk Credit risk management Liquidity risk Types of liquidity […]
-
Market Manipulation
Target groups Professionals with a market access, control and support function, including brokers, traders, originators, dispatchers, shift traders, compliance or surveillance experts, and trading operations experts, as well as plant managers, asset managers and system operators. Learning objectives Being able to distinguish categories of market manipulation Understand the criteria of relevance for each specific […]
-
Energy Market Regulation & Trade Compliance
Programme This course concerns a 1-day online workshop covering the following topics: Market regulations Market integrity Transparency AML & ATF policies Anti-bribery and corruption Anti-market abuse policies Import & export restrictions Trade sanctions & embargoes Trade compliance Compliancy framework Policies/procedures Compliance to market-related regulations Shielding the employer Protecting the employees Sanctioning Administrative sanctions Criminal sanctions […]
-
Algorithmic Trading
Target groups Any professional in the commodity or energy markets, including, but not limited to, employees of a company with a trading function, brokers, exchanges, regulators; not for programmers. Learning objectives To get an idea of what algorithmic trading concerns To understand the algo trading strategies Being able to point out the impact on […]
-
Financial Crime & Market Abuse – Trade Surveillance
Programme This course concerns a 1-day online workshop covering the following topics: Financial crimes Types of crime Money laudering Terrorist financing Bribery VAT fraud Insider trading Market manipulation How can these crimes be committed in the markets & the world of trading? KYC procedures Know your customer/client/counterparty Initial & periodic checks The verification process Market […]
-
Trading Operations
Programme This course concerns a 1-day online workshop covering the following topics: Trade confirmations Exchange trade & bilateral deal confirmations Manual & electronic confirmations Trade validations Trade enrichment Dispute resolution Clearing Risks involved with CCPs and clearing banks Accounts and related risks (individual seggregated, omnibus) Default fund, defaults and close outs Collateralisation & margining Settlement […]
-
Inside Information under REMIT
Target groups Professionals with a market access, control and support function, including brokers, traders, originators, dispatchers, shift traders, compliance or surveillance experts, trading operations experts, as well as plant managers, asset managers and system operators. Learning objectives Practicalities for companies in scope Being able to distinguish information from inside information Understand the criteria that […]
-
Financials & Accounting – Margins & Spreads
Programme This course concerns a 1-day online workshop covering the following topics: Valuation Pricing versus valuation Historical cost accounting vs. mark-to-market (M-to-M) valuation M2M reporting Mark-to-model Book structures Accounts (trading, sales, asset management) P/L responsibility Internal transfers Internal transfer pricing Performance measures P/L Gross operational margin Gross profit margin Return on investment / assets / […]
-
Trading Tools & Technology
Programme This course concerns a 1-day online workshop covering the following topics: Trading & risk management (TRM) systems Backbone for trading organisations Usage by front, middle and back office Data & systems Deal entry Data management Data reporting Transactional data Fundamental data Algorithmic trading Algorithmic vs. human trading Rule-based instructions Worries & challenges Abusive behaviours […]
-
Carbon Markets – Allowances, credits, offsets & certificates
This 1-day course sets out the basics of green energy, emission rights and the trading of it, as well as relating market mechanisms. The tutor will cover the fundamentals. Attention is given to emission trading schemes and the related allowances, as well as carbon credits and attribute energy certificates that are part of today’s energy […]
-
Capacity Valuation & Asset Hedging
Programme Fundamentals & essentials of options Rights & (potential) obligations Risk-reward ratio Valuation of options and optionality Models & parameters Exotic options vs vanilla options Flexibility in supply contracts Validity time of proposal Take or pay constructions Volume flexibility Optimisation Swing optionality Capitalisation Flexibility on physical assets Capacities Processing capacity (combined production & consumption capacity) […]
-
Managing Trading-related Risks
Target groups Any professional in the commodity or energy markets, including, but not limited to, employees of a company with a trading function, brokers, exchanges, clearing organisations and regulators. Learning objectives To get an idea of the risks relating to trading. To know how these can be identified, assessed and controlled. To understand the […]
-
Price Volatility & Market Risk Management
Target groups Professionals in a business, control or support function, including trading operations experts; not for quants. Learning objectives Mastering the concept ‘price volatility’ Being able to interpret volatility numbers Understanding the impact of price volatility on consumption prices Understanding the impact of price volatility on a trader’s working capital Understanding the impact on […]
-
The Oil & Gas Markets
This 1-day course sets out the basics of the gas value chain, including production, consumption, storage and transport, as well as gas markets, gas pricing and driving factors, but also price volatility and its implications. The tutor will cover the relevant fundamentals. Attention is given to sanctioning regimes, trading restrictions, price limits and pricing mechanisms […]
-
Energy Transition & Carbon Pricing
Energy transition and Carbon Pricing are at the forefront of governments and businesses all across the globe to transition to a Zero carbon world. Better pricing of carbon emissions is essential for this. This means putting a price tag on more emissions, and raising prices. The main carbon pricing instruments are carbon taxes, carbon crediting […]
-
EU Power Market Redesign Plan
Electricity market design is a central political issue in 2023. In an environment of record-breaking electricity prices driven by a gas supply shock and below-average electricity generation, reforming the design of the European electricity market is seen as a means to delink consumer costs from volatility in short-term power markets. The European Commission has promised […]
-
Hydrogen Markets & Trading
This 1-day course sets out the basics of future hydrogen markets and trading. The tutor will cover the fundamentals. In this course it is considered what is needed to develop a market, including the products/contracts traded, the organisational setup of a trading place and the frameworks for market participants. This course is suitable for any […]
-
The REMIT regulation
Target groups Professionals with a market access, control or support function, including brokers, traders, dispatchers and shift traders, compliance & surveillance experts, specialists in trade operations, as well as plant managers, asset managers and system operators. Learning objectives Understand the background of the regulations and its objectives Master the regulation’s prohibitions and obligations Understand […]
-
The Energy Transition
This 1-day course sets out the basics of energy transition, to move away from fossil fuels. The tutor will cover the fundamentals. Attention is given to energy policy, how energy transition is being shaped, how carbon markets work and how these contribute to the energy transition, what emission trading schemes are and what these concern, […]