Entrima

Quote Requests Training

Quote Requests Training

Assessment of your abilities to respond timely and accurately, while being complete, to identify whether you are fit for the job of trader.

Individual Bundle Licence

24/7 access to:

Basics of Trading Training Bundle

3 months access for 1 learner (€ ???,-)

Capacity

You act in the role of a trader/broker-dealer.

Task

You can start the way you please. Transact whatever you like, the way you like. At a certain stage you will be challenged. You will have to perform tasks to see whether and to what extend you can perform under pressure and whether your have a feeling for numbers
You’ll be called via telephone to provide a client or peer various requests for quote (RFQ). Upon receipt of such a request, you will have to submit your quote. Any quotation has to consist of both a bid price and ask price, whereby a maximum bid-ask spread applies.

Objective

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

Conclusion

At the end of the simulation you will be shown the score reflecting some of your capabilities. See how you have done. To assess your performance the following rules are considered:

  • YOUR BID price must be lower than YOUR ASK price.
  • YOUR BID > MARKET BID minus the MARKET Bid-Ask Spread (at the moment of submission).
  • YOUR ASK < MARKET ASK plus the MARKET Bid-Ask Spread (at the moment of submission).

Traders’ competences can be modeled by FAUC (Framework for acting under uncertainty and complexity). Traders have to be creative, resilient, adaptive, alert and entrepreneurial. In addition, they have to have a feeling for numbers and be good in calculating. Besides, traders have to be decisive, they should be daring to make decisions, under pressure, and, thus, in a timely manner.

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

Market Analysis

Process data, interpret news and analyse the price development.

Screen-based Trading

Transact by hitting a bid or lifting an offer versus the submission of an order.

Financial Performance (P/L)

Analyse your financial performance, in particular your realised and/or unrealised profit or loss.

Speculation - Proprietary Trading

Make as much money as you can buy transacting term contracts.

Margin Requirements

Analyse the pledging of cash collateral to manage counterparty (credit) risk; depositing initial margin and variation margin.

Exposure Assesment

Analyse your exposure. Watch the quantification of the value at risk.

Value At Risk

Monitor your market risk; analyse the value at risk (VaR) position.

Forward Curve

Analyse the forward curve over time; master its dynamics.

Futures - At Position Level

Position management: Set up futures positions at an exchange and monitor per contractual position your fees, margin deposits and profit or loss.

Futures - At Portfolio Level

Portfolio management: Set up futures positions at an exchange and monitor for the overall portfolio your fees, margin deposits and profit or loss.

Screen-based Brokering

Bilateral deal-making involving brokerage services.

Quote Requests

Get assessed and challenge your competences as potential trader or dealer.

Liquidity - Order Book & Market Depth

Analyse market depth in the central order book to identify asset liquidity, indicating the level of market activity.

Central Order Book - Order Initiation

Order initiation via generic limit order; order book analysis.

Reviews

After the self-study on the Learning platform, I wanted to get started right away, but I was afraid to apply my new knowledge in a ‘live’ environment. The Competence Trainer helped me get over my cold feet.

Eric Cornelissen

After the self-study on the Learning platform, I wanted to get started right away, but I was afraid to apply my new knowledge in a ‘live’ environment. The Competence Trainer helped me get over my cold feet.

Eric Cornelissen