This course provides a comprehensive view of securities and derivatives markets for both new hires and experienced financial information industry executives. The instructor’s extensive experience in both securities and derivatives trading and market data management makes him uniquely qualified to present this material. Course content will include:

What is a security?
Types of securities
Trading in securities
Types of securities markets
Common stock
Common stock terminology
Preferred stock
Characteristics
Types of preferred stock
Warrants
Fixed income securities
Fixed income key terminology
Price vs. yield relationship
Classification of debt instruments by maturity
Classification of debt instruments by collateralization
Classification of debt instruments by repayment priority
Classification of debt instruments by interest rate
Classification of debt instruments by redemption
Fixed income securities—cont.
Types of fixed income securities
Types of corporate bonds
Types of US treasury issues
Governments agencies
Municipal securities
Types of money market securities
Functions of securities firms
Functions of Investment Banking
Acting as broker
Acting as a dealer
Customers of securities firms
Financial concerns of corporations
Financial services industry market drivers
Exchanges
Vendors
Financial institutions
What is an option?
Typical call option transaction
Typical put option transaction
Price components of an option contract
Determinants of theoretical option price
Volatility
Determinants of theoretical option price—matrix
Synthetic options
Risk management in options trading
Combination options strategies
What is a futures (forward) contract?
Determinants of futures (forwards) theoretical value
Theoretical price calculation
Program trading
FOREX options market structure
FOREX options
Volatility-based quotes
Typical FOREX option transaction
Credit default swaps
Foreign currency swaps
Features common to foreign currency swaps
Types of currency swaps
Loan deposit agreement or debt swap
FX forward outright contracts
Par value forward
Applications for swaps
Industry issues
E-Business impact on financial markets