Energy Markets & Trading

Best of breed, super pragmatic, experiential learning

Public Course

Energy Markets & Trading

1,895.00 excl. VAT

Request quote for group

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 and supplying companies
  • Understand the role of the trading function in commodity & energy companies
  • Become aware of trading processes, concepts and related terminology
  • Learn the role of the business, control and support functions in a trading organisations
  • Understand the parties around a company with a trading function and their relationships
  • Familiarise with the players in the commodity & energy markets
  • Master risk management within a trading organisation
  • Getting grip on market abuse and the prevention and detection of it

 

Programme

  • Supply chain
    • Oil value chain
      • Up-, mid- & downstream
      • Crude
        • Grades
      • Refining
        • Refinery products
      • Gas value chain
        • Natural gas and LNG
        • Transport & storage
      • Coal supply chain
        • Grades
        • Shipping, chartering
      • Electricity value chain
        • Investment
        • Maintenance
        • Marginal cost of production
        • The merit order
        • The impact of renewables on the price level and volatility
        • The impact of an emission trading system
  • Markets
    • Physical versus financial markets
    • Balancing, spot and term markets
    • On-venue and off-venue
      • Exchange
        • Membership & cost structure
        • Clearing
      • OTC
        • Brokerage services & brokerage agreement
        • Master agreements
  • Products
    • Supply contracts
      • Take-or-pay
      • Volume flexibility
      • Swing optionality
    • Derivatives
      • Futures contracts versus forward contracts
      • Options
      • Swaps
  • Pricing
    • Negotiations
    • Price formation at trading venue
      • Central order book
        • Order submission, amendment & cancellation
        • Market making
  • Trading
    • Trading tools
    • Trading strategies
    • Trading technicalities
    • Trading operations
      • Settlement
  • Trading – Asset & portfolio management
    • Oil markets & trading
      • Crack spread
    • Gas markets & trading
      • Storage capacity trading & time spread
      • Transport capacity trading & location spread
    • Coal markets & trading
      • Shipping & freight markets
      • Incoterms
    • Electricity markets & trading
      • Continuous trading versus auction
      • The day-ahead power market in Europe
      • Spark, dark & black spread
      • PPAs
      • Attribute energy certificates
        • GOs, RECs, I-RECs
      • Carbon markets & emission rights trading
        • Clean/green spreads
        • Emission trading systems
        • UN initiatives
        • Attribute energy certificates
  • Organisational setup
    • Asset management
    • Portfolio management
    • Risk management
    • Trading division
      • Front, middle & back office
    • Market risk, counterparty risk, liquidity risk
      • Counterparty (credit) risk
        • Collateralisation & margining
        • Initial margin and variation margin
      • Market risk
        • Value at risk
        • Stress testing
      • Reporting
      • Limit structures
  • Market abuse regulations & compliance
    • Regimes around (incl. US and EU)
    • Prohibitions
      • Insider trading
      • Market manipulation
    • Obligations
      • Publication of inside information
      • Reporting of data
      • Market monitoring & trade surveillance
    • Regulators across the globe
    • Differentials & collaboration/interaction

 

Tutor

  • Jerry de Leeuw, MSc.
  • Founder of Entrima, former trader and author of the book “Commodity & energy markets”

Practical Information

When

Wed 4 - Thu 5 Sept. 2024, 10:00-16:00 (CET)

Where and how?

Online (MS Teams)

Price

1,895.00 excl. VAT

Bulk Purchase Enquiry

Contact us for more information regarding bulk purchases.