- How Financial Markets Really Work
6 March, 2019
9:30 am - 5:00 pm
- City of London
Course Fees (excl. VAT)
- Multiple Booking £535.50 (GBP)
- Single Booking £595.00 (GBP)
Better understand the financial industry by cutting through the complexities, decoding the jargon and looking at the bigger picture
It’s easy to forget the City is a marketplace like any other. Buried beneath the terminology and complexity, people are simply trading financial instruments. Yet it can be difficult to get your head around the bigger picture.
Strip away the mystique, and the world’s financial markets are based on a small number of broad concepts. Though the concepts may be used in the context of, say, bond markets, derivatives trading or foreign exchange, the fundamentals remain the same.
So join us for this course and we’ll help you bust through the jargon and better understand how capital flows. You’ll learn the mechanics of today’s worldwide financial marketplace and how different instruments (and markets) interact.
- Appreciate the scale and depth of the world’s financial markets
- Understand the relationship between cash and derivatives markets
- Consider the role of the markets in the pricing of risk
- Recognise the role of the markets in raising money for governments and corporates
Take a bird’s eye view of the industry
See the bigger picture – Financial markets are essential for the healthy functioning of the economy. A thorough grounding in the fundamentals of the global system will help you see how the big picture fits together. You’ll better appreciate your role in the wider context of the industry and understand why things are they way they are.
Shore up your knowledge – For newcomers in the industry, the sheer complexity of the finance industry can be daunting. And conversations with your peers can quickly show you up as a newbie. This course will give you a firm grasp of the fundamentals, so you can speak with greater authority.
Deliver a better service – The range of financial instruments can be dizzying. A stronger grasp of the latest products (and an understanding of how they interact) will allow you to better serve your firm’s clients (whatever your role is in that process).
The Course Agenda
An introduction to financial markets
- Understanding the function of the world’s financial markets – transferring funds and risks
- What are efficient markets? Markets as forward-discounting mechanisms
- Sell-side (investment banks) versus buy-side (institutional investors)
Foreign exchange, interest rates and central banks
- An overview of FX markets
- Dollars, Euro, Sterling and Yen: currency popularity
- Spot, cross and forward exchange rates
- Interest rates: Libor and money market instruments as warning indicators
- Quantitative easing explained: the role of the Central Bank
- Who are the issuers and who are the investors?
- What exactly is a bond? The basics of fixed income
- The importance of sovereign debt markets. Risk-free investing?
- Bond-pricing – coupons, yields, yield curves
- Corporate bonds and credit ratings: the role of rating agencies
- Shareholders at the end of the food chain – equities in context
- Corporate actions in the secondary markets: share splits, rights issues, buybacks and dividends
- Depositary receipts for emerging market corporates
- The changing environment of high-frequency trading and dark pools
- What can we expect from equities as an investor?
- Equities as a source of income and the importance of dividends
- Derivatives: what are they? Exchange traded or OTC?
- Options terminology: hedging or speculation?
- Interest rate and credit default swaps
- Futures: margin requirements and leverage, risk and exposure
- The role of the clearing house
Meet The Tutor
Jo has over 20 years’ experience in the financial services industry. Her initial career with JP Morgan saw her quickly rise to Director of Fixed Income based in South Africa at Barclays.
For the last 8 years’ Jo has been working as a consultant to provide technical training for financial institutions on topics such as derivatives in fund management, exchange traded derivatives, over the counter derivatives, swaps, fixed income and liability driven investments.
Jo supported many firms through the RDR transition; writing and delivering CISI accredited gap-fill courses to many who complete specialist regulated activities. She also delivers CISI courses to college students to develop their knowledge of the financial services industry including the post graduate Level 7 Chartered Wealth Manager programme.
Jo is a very thorough and conscientious trainer whose background means she can adapt sessions to ensure delegates can use their knowledge to apply the theory to real life situations.
Who is this course for?
This one-day briefing has been designed for:
- New employees of financial services firms
- Employees wishing to update their knowledge
- Students of foundation level qualifications
Training that makes a difference
Experienced engaging trainers
With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.
Packed with relevant information
We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.
Get personalised attention
Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.