The seminar introduces the futures markets; this includes a comparison of the main exchange-traded markets, options on futures, specifications of the most popular contracts, the use of futures for hedging, trade orders for futures contracts, mark-to-market procedures, and various expiration conventions. A very interesting description of the main market participants concludes this seminar.

 

At the end of Intrinsic Value's training seminar in the futures markets the participant should be able to:

􀂅  Define a futures contacts.

􀂅  Discuss some of the reasons that futures markets exist.

􀂅  Define  open-outcry,  contact size,  tick size,  limit up,  limit down,  expanded

     limit,  initial  margin,  maintenance  margin, mark-to-market, daily settlement,

     delivery month, offsetting transaction, volume and open interest.

􀂅  Discuss types of orders in futures markets.

􀂅  Discuss the importance of standardization in futures contracts.

􀂅  Discuss the role of the clearing house.

􀂅  Compare and contrast physical delivery and cash-settlement.

􀂅  Discuss the process of physical settlement.

􀂅  Define and discuss the various types of orders.

􀂅  Define flex option.

􀂅  Discuss the exercise of an option on a futures contract.

􀂅  Discuss the various participants  in  futures  markets:  hedgers, speculators,

     managed futures investors.

􀂅  Calculate initial margin and change in margin due to market movements.

􀂅  Define calendar spread and basis.