Introduction to ICE Features and ICE Clear Europe
The course covers the operations, structure, products, services and trading procedures of ICE Futures Europe. The WebICE Electronic trading platform is used to demonstrate execution of futures trades, both flat price and speards. There are explanations of the key operations areas of Membership, compliance, Market Supervision and Futures Clearing.
Who Should Attend
- Recommended for anyone entering the energy industry
- New traders to ICE
- Trading, risk management and financial departments of energy companies.
- Support and operations people involved in the energy markets.
- Producers, suppliers and distributors of oil, gas and other energy products
- Individuals working in trading companies, banks, brokers, oil producers, consumers, refiners, distribution companies, government and associated organisations.
Course Content
The basics of futures
- Characteristics
- Terminology
- Trading
Organisation of ICE Futures
- Membership
- Management
- Committees
Compliance, rules and procedures
- Role of compliance
- Disputes
- Discipline
Trading procedures
- Mechanics of trading
- Order flow
- Trade execution
- Clearing and settlement
The Clearing House
- Role of the clearing house
- Margin
- Delivery
The basics of options
- Characteristics
- Terminology
- Trading
- Profit and loss
The basics of swaps
- Characteristics
- Terminology
- Trading
- Profit and loss