LME 3-day Introductory Course 2018

The LME 3-day Introductory Course 2018 is focused on how the Exchange operates.

Topics

• 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