The LME 3-day Introductory Course 2018 is focused on how the Exchange operates.
The LME 3-day Introductory Course 2018 covers topics such as:
- Introduction to Hedging on the LME with Futures
- Non ferrous - aluminium, copper, zinc, lead, nickel, tin
- Products and market overview
- Minor metals - cobalt and molybdenum
- Steel
- Basic INCO terms and their use
- Logistics
- Commercial techniques
- Actual physical trading
- P/L
- Pricing mechanism
- Shipping the products: carriers and documents
- Contracts
- Risk Management in physical trading
- Role of the LME in physical trading
- LME warehousing
- LME prices
- Introduction to the LME
- Market terminology of the LME
- History, organisation and services of the LME
- Carries
- LME prices quiz
- Trading at the LME
- Warehousing and fundamentals of delivery
- Role of the broker
- Clearing
- LME trading floor viewing - Site Visit
- Regulation of the LME
- Introduction to Hedging on the LME with Options
- Price risk management - what is it?
- Review of LME contracts and prompt date structure
- Hedging examples with futures
- What is hedging?
- Workshops
- Hedging examples with LME swaps
- Hedging examples with options
- LME Traded Options
- Workshops
- Traded Average Price Options (TAPOs)
- Questions and answer
