Courses

Spot 2 - Intermediate

Orderly markets
An orderly market should reflect the normal interplay of buying and selling interest in the instruments involved, and any resulting trades should be subject to the standard pricing mechanisms of the market place concerned... more »

Currency value factors
The value of a currency subject to a floating rate regime (ie. not fixed or pegged) is ultimately determined by supply and demand. The relative balance between supply of and demand for a currency can be driven by a variety of factors... more »

Risk management
Fluctuations in currency value factors obviously have an impact on risk management across all time frames. From a market maker's perspective, appreciable deterioration or improvement in a currency's value factors may influence the threshold at which it is hedged in the book... more »

Factors affecting position taking
The precise factors underlying participants' decision-making process regarding their FX position taking obviously vary widely...more »

Trade processing
In an environment where a high volume of FX transactions needs to be dealt, such as an asset manager/bank trading desk or corporate treasury, some means of organising the order flow and execution process is essential... more »