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