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The riskGRID™ ETRM Game –
Sapienza & LUISS (ISS 2015) July tba
• We are proud to announce that we will be offering a new a...
Content & Learning Outcome
• ETRM first principles.
• Fundamental analysis, Technical trading, Futures, Swaps, Options and...
Who learns ETRM/CTRM¹ ?
3
Commercially
“for traders, trader new-hires
and the teams who work with
them”
1 live price and v...
How do we know its good?
• Its like flying a fighter jet. When properly designed and built any experienced
(pilot)trader c...
How do we know its unique?
• Its like flying a fighter jet.
• With an experienced design, engineering and delivery team we...
riskGRID™ the GUI feed…
Curve
GEN
Price
GEN
Vol
GEN
6 Stack Agrimax
Exchange,
Physical, OTC
Futures, Swaps,
Options
Basis,...
riskGRID™ - the front end of
the Trader System
“Give me a lever long enough
and a fulcrum strong enough,
and I will move t...
STCB – Short Term Commercial Bank
8
CGP – Consumer Packaged Goods
9
e.g. A Tesco
• 3 hrs Fundamentals
• 1 hrs Technicals
• 2 hrs Futures
• 1 hrs Swaps
• 1 hrs Options
• 1 hrs Swaptions
• 1 hrs Deal Struc...
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The riskGRID™ ETRM Game – Sapienza & Luiss

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Learn and practise Energy Trading and Risk Management.
This is a market-driven course lead by practitioners.
Students will work in teams of four to build a strategy, execute, evaulate and rebalance within a Risk άdjusted Framework (RάF ™ by riskGRID) while their corporate world and its needs change with a dynamic market

Published in: Education
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  • DOWNLOAD FULL BOOKS, INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/yxufevpm } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/yxufevpm } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/yxufevpm } ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/yxufevpm } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/yxufevpm } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/yxufevpm } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
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The riskGRID™ ETRM Game – Sapienza & Luiss

  1. 1. The riskGRID™ ETRM Game – Sapienza & LUISS (ISS 2015) July tba • We are proud to announce that we will be offering a new and exciting opportunity to learn and practise Energy Trading and Risk Management at the International Summer School this year. • The course teaches the groundwork on Day 1 and then runs a competitive team game on Day 2. Day 1 will be different for Rome and Milan, Day 2 is July 5th, 2014. 1 The riskGRID™ ETRM Game
  2. 2. Content & Learning Outcome • ETRM first principles. • Fundamental analysis, Technical trading, Futures, Swaps, Options and Deal structuring (financial engineering). • How trading companies, banks and hedge funds work. How index trades and deal structuring work. • Deal booking, trading the price curve, trading the volatility surface, recognising and either leveraging or neutralising market moves by type. • Defining a Risk adjusted Framework and managing an ETRM strategy. • You will be graded as a team and individually. • This is a market-driven course lead by practitioners. We don’t teach from books, this is a pro-am event where our aim is to get you buckled in, down the runway and airborn as quickly as possible – with someone helping you. Whether front, middle, or back office; or any of the STCB or CPG ETRM roles …. 2 You will be ideally prepared for an interview… or simply superbly introduced to ETRM.
  3. 3. Who learns ETRM/CTRM¹ ? 3 Commercially “for traders, trader new-hires and the teams who work with them” 1 live price and vols 2 futures, physical and freight capability, index (Platts etc) 3 real market curves and surfaces (price, vol and correl) 4 trading, structuring, role playing, financial engineering 5 look at our recommendations on linkedin Academically ” for students and their teachers” 1 practitioner dominated faculty yet academically sound 2 trading, structuring, role-playing, financial engineering 3 a gradable case study in ETRM/CTRM 4 constant assessment by pop-quiz and a variety of games and tests 5 ideal preparation for trading and risk management front/middle/back office positions Professionally “corporate risk managers, accountants, lawyers” 1 Explains curve construction and management 2 Teaches accounting and regulatory best practice 3 Teaches risk management best practice 4 Captures structured deals allowing reverse engineering 5 teaches “as its taught” by your risk management service providers ¹ ETRM – Energy Trading & Risk Mgmt, CTRM – Commodity Trading & Risk Mgmt
  4. 4. How do we know its good? • Its like flying a fighter jet. When properly designed and built any experienced (pilot)trader can pick up the game and fly it after only minutes of familiarisation. • We were constrained in academia by poor IT when compared to the commercial world. Our game runs across the internet on the students laptop. Every problem you solve is an opportunity and becomes a critical success factor while slowing the competition. • We developed software with “live prices and live vols”. • The game content is based on real events as they happened – it is not a simulation but like the techniques used in the commercial world it is based on actual market action and information and heavily dependent on role playing within a real commercial environment. • The game itself runs for 8 hours – its a dense and intense day, just like the trading (ETRM) world. • Students work in teams of four to build a strategy, execute, evaulate and rebalance within a Risk άdjusted Framework (RάF ™ by riskGRID) while their corporate world and its needs change with a dynamic market 4 We were challenged to build something special
  5. 5. How do we know its unique? • Its like flying a fighter jet. • With an experienced design, engineering and delivery team we stripped down actual commercial software to first principles and built a student version with as few compromises as possible and many which were practical. • We then rigorously trained and taught with it, honing and developing our ETRM game. • At all times you will have experienced commercial market people training you hands on and taking the controls with you for the more complicated manouvers. • We hired others to teach with their software as a benchmark. We out- performed at every level. 5 We built something special – riskGRID™ for Academia
  6. 6. riskGRID™ the GUI feed… Curve GEN Price GEN Vol GEN 6 Stack Agrimax Exchange, Physical, OTC Futures, Swaps, Options Basis, Index, EFP Data Price Fundam entals Oil Gas Electricity Regional & Global Carbon, LNG, Weather, Structured Finance etc can be added CRM • Customer positions, limits, reports... CRO • Credit Limits , Risk Limits, reports… Risk • By commodity, strike, expiry… Commodities Generators Transaction types Biz Mgmt, Compliance & Controls riskGRID™ Architecture Database
  7. 7. riskGRID™ - the front end of the Trader System “Give me a lever long enough and a fulcrum strong enough, and I will move the world.” Archimedes Greece ca. 300 BC 7 Stack Agrimax Account: All 1 +/- day 0 30-Mar-12Prices riskGRID AS OF: March 30, 2012 Commodity last ∆ +/- IVol% +/- TDelta TGamma $Theta $Vega $Rho $P&L YTD $P&L TDY Futs Swaps TDelta 1d ∆ IV% 1w ∆ IV% 0 0 0 WTI (CL) Apr-12 103.02 (4.50) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% May-12 103.54 (4.41) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% Jun-12 104.03 (4.22) 0.00 20.00% 0.00 (0) (2) 139 (92) 25 (1,503) $ 200 100 300 400 0.01% 0.01% Jul-12 104.40 (3.90) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% Aug-12 104.66 (3.55) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% Sep-12 104.86 (3.23) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% Oct-12 105.05 (2.92) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% Nov-12 105.23 (2.63) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% Dec-12 105.33 (2.35) 0.00 20.00% 0.00 0 0 0 0 0 0 $ - 0 0 0 0.01% 0.01% (0) (1.6) $ 139 $ (92) $ (1,503) $ 200 100 300 400 HEAT (HO) Apr-12 316.84 (3.75) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% May-12 317.01 (3.49) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Jun-12 317.94 (2.50) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Jul-12 318.91 (2.11) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Aug-12 319.81 (1.78) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Sep-12 320.53 (1.55) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Oct-12 321.07 (1.51) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Nov-12 321.48 (1.65) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Dec-12 321.76 (1.74) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% 0 0.0 $ - $ - $ - $ - 0 0 0 RBOB (RB) Apr-12 338.99 13.27 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% May-12 330.81 5.74 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Jun-12 324.93 2.69 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Jul-12 319.47 1.00 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Aug-12 313.91 (0.15) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Sep-12 308.24 (0.84) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Oct-12 292.10 (1.41) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Nov-12 287.40 (1.38) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% Dec-12 284.94 (0.85) 0.00 20.00% 0.00 0 0.0 $ - $ - 0 $ - $ - 0 0 0 0.01% 0.01% 0 0.0 $ - $ - $ - $ - 0 0 0
  8. 8. STCB – Short Term Commercial Bank 8
  9. 9. CGP – Consumer Packaged Goods 9 e.g. A Tesco
  10. 10. • 3 hrs Fundamentals • 1 hrs Technicals • 2 hrs Futures • 1 hrs Swaps • 1 hrs Options • 1 hrs Swaptions • 1 hrs Deal Structuring Modules elements and duration The full Academic Course Dynamic Commodity Trading ABC Modules Overview Appreciation 30 Hours ABC Modules Basic 60 Hours cumulative Competent 90 Hours cumulative • 1 hrs Fundamentals • 1 hrs Technicals • 1 hrs Options • 1 hrs Swaptions • 1 hrs Deal Structuring • 1 hrs How Trading Companies Work • 1 hrs How Banks Work • 1 hrs How Hedge Funds Work • 1 hrs How Index Trades Work • 1 hrs How Structured Trades Work • 2 hrs Indices • 2 hrs Platts • 1 hrs Swaptions & Financing • 1 hrs Deal Structuring - for Finance • 1 hrs How Trading Companies Trade • 1 hrs How Banks Trade • 1 hrs How Hedge Funds Trade • 1 hrs How Index & Structured Trades Leverage • A Module allows total of 30 teaching hours • B Module allows total of 30 teaching hours • C Module allows total of 30 teaching hours A, B, C Common elements • Booking deals • Curve Structure – Price • Curve Structure - Vol • Market Moves • Trading Game • 3 hrs • 3 hrs • 3 hrs • 3 hrs • 9 hrs Duration • 3 hrs • 3 hrs • 3 hrs • 3 hrs • 9 hrs • 2 hrs • 3 hrs • 3 hrs • 3 hrs • 9 hrs A B C • Booking deals • Curve Structure – Price • Curve Structure - Vol • Market Moves • Trading Game • Booking deals • Curve Structure – Price • Curve Structure - Vol • Market Moves • Trading Game ABC module total duration

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