Certificate course

Certified Derivatives Trader

The course focuses on the functioning of derivatives markets in both exchange-traded and over-the-counter derivatives as well as the respective financial instruments. Participants will learn how to analyse and value derivatives. From their market assessment, they will be able to derive hedging, trading and arbitrage strategies and use them in a portfolio context.

The speakers of the German language course are Walter Brägger or Vincent Couson and Stefan Toetzke, the speakers of the English language course are Paul North and Stefan Toetzke.

Agenda

    Overview of derivatives market
  • Basics of derivatives
  • Underlying markets and market participants
  • Link of cash and derivatives markets

    Forwards, swaps and futures
  • Analysis and valuation
  • Cost-of-carry and basis
  • Hedging, trading and arbitrage strategies

    Options
  • Basic positions in options trading
  • Analysis and valuation: Put/call parity
  • Time value and intrinsic value
  • Sensitivities – the so-called ‘Greeks’
  • Hedging, trading and arbitrage strategies

    Portfolio management
  • Basics of portfolio theory
  • Risk management and hedging
  • Strategic and tactical allocation

    Regulatory framework
  • EU regulation
  • Regulation in the UK and the US

    Eurex Deutschland
  • Exchange organization and supervision
  • Eurex® rules and market model

    Clearing
  • Clearing system and clearing houses
  • Collateral/margining

Closure and examination

Successful graduates receive the degree "Certified Derivatives Trader" from Deutsche Börse AG. The examination comprises 150 multiple-choice questions and is taken on the computer. They have 3 hours to complete the exam. The examination regulations for the course contain a detailed description of the examination.The European Institute for Financial Engineering and Derivatives Research (EIFD) credits the passed final examination as a module for the Certified Financial Engineer qualification program. Participants in this programme receive a discount of 500 euros on the course

Proof of professional qualification as an exchange trader

Participation in the course together with the completed Eurex online system training and the passed final examination is recognized as proof of professional qualification for admission as an exchange trader at Eurex Deutschland.

Examination Dates

The participation in the examination on the next examination date is already included in the booked course. The examinations are offered once a month, so that participation at a later date is also possible.

Course: 31.08. - 04.09.2020 (online)
Exam: 21.10.2020 (in Eschborn)
(This course is held in English online via MS Teams)

Course: 30.11. - 04.12.2020 (online)
Exam: 28.01.2021 (in Eschborn)
(This course is held in German online via MS Teams)

Course: 01.03. - 05.03.2021, Exam: 21.04.2021
Course: 06.09. - 10.09.2021, Exam: 27.10.2021 (Course will be held in English)
Course: 22.11. - 27.11.2021, Exam: 22.12.2021

Requirements

A basic understanding of futures and options is required.

Online Course

The event in August/September will be held online as an online course. The participants of the course will see the speaker in the video livestream parallel to the presentation; questions can be asked both in writing via the chat function and orally via microphone. The presentations and a list of questions for exam preparation are made available to the participants in PDF format. The examination takes place as a classroom event in the training rooms of Deutsche Börse Group in Eschborn.

The "technical" start is at 09.20 a.m. (CET), the content part starts at 09.30 a.m. (CET). The seminar approx. ends each day at 05.00 p.m. (CET).


Your trainer

Stefan Toetzke

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Vincent Couson

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Walter Brägger

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Paul North

Paul North has over 32 years of experience in the financial markets and derivatives industry.  Paul joined the London International Financial Futures and Options Exchange (LIFFE) in 1988,

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