Understanding financial markets - in association with Leeds Beckett University
Leeds Beckett University, Old Broadcasting House, Leeds
This two day programme offers an authoritative introduction to today's global financial market place. It provides an overview of commercial and investment banking, foreign exchange, money and bond markets, stock markets and derivatives.
Understanding Financial Markets, taking place over two days, offers an authoritative and straightforward introduction to the mechanics of today's global financial market place. Designed to explain the principal markets and the products traded, this course is deliberately participative and interactive in nature and, whatever your learning objectives or prior knowledge, time will be devoted to ensure your questions are answered. It describes the financial world in clear, easy to understand terms and provides an overview of commercial and investment banking, foreign exchange, money and bond markets, stock markets and derivatives and an up to date analysis of the global financial crisis and its ongoing impact.
Attend and you will gain full insight into the purposes of the financial markets, the key participants and the role of the regulatory institutions. Attend and you will gain insight into the purposes of the financial markets, the key players and the role of the regulatory institutions. Acquire a grounding in the main financial products and how they are used, including: bonds, equities, futures and forwards, swaps and options. It will emphasise the practical rather than theoretical and will unravel some of the mystique and jargon surrounding today’s financial markets. In addition to addressing the traditional asset classes, the course will look at alternative investments and those associated with them.
Who should attend
- Recent graduates who have joined financial institutions
- Lawyers, accountants, compliance, internal audit, HR, IT and Public Relations professionals who seek to broaden their knowledge
- Anybody new to financial services needing to gain a broad understanding of today’s financial markets
- Non-executive directors and trustees of pension funds who wish to familiarise themselves with financial market activities
Course fee includes:
- Attendance at two day seminar
- Printed copies of all study materials
- Recommendations for further reading from course tutors
- Glossary of key terminology
Introduction & Overview
- Introduction – retail versus wholesale; risk and return; yield curve; taxation; accounting; role of government and central banks; borrowers and lenders and the differences in what they require
- Market structures: exchange-traded; OTC Central counterparties; brokers; market makers.
- Buy-side and sell-side institutions; primary and secondary markets; regulation and capital adequacy
Economics and financial markets
- What economic data matters to the markets?
- Why is the City so driven by statistics from overseas?
- Data that is important to money markets, bond markets and to stock markets
- How traders interpret and use data, and how the statistics are produced
- Where do we stand at present, and what can we expect in future?
- Key things to watch in 2016
Money markets and foreign exchange
- Money market and foreign exchange instruments, price discovery, trading and settlement, netting and offsetting.classes
The Equity Markets
- Primary Markets - Types of flotation
- The Main Market v AIM; alternative trading facilities
- Secondary Markets – instruments traded and key participants
- Corporate actions - Share Splits, Rights Issues, Buybacks, Dividends
- The regulatory framework
- A changing environment - High Frequency Trading and Dark Pools, trade reporting and commission allocation
Investment or fund management
- Active versus passive; selection of benchmarks; diversification and portfolio management theories; asset classes, traditional and alternatives; technical and fundamental analysis; exchange traded funds, pension funds, unit and investment trusts, sovereign wealth funds, hedge funds
The Derivatives Markets
- Derivative products: futures, options, swaps, indices, credit derivatives
The Bond Markets
- Fixed income, or bond markets including Order Book for Retail Bonds; issuance, rating and trading
- Closing remarks, conclusions and feedback