Difference between oil broker and trader
Training is structured as interactive presentations followed by work on electronic trading simulations based on realistic market scenarios to emphasise key learning points and to capture the essentials of real and complex trading scenarios. Delegates trade individually with additional opportunities to work in teams and participate in face to face negotiation exercises.
The programme runs with a maximum of 14 delegates to ensure the high level of individual coaching and assessment for which this course is renowned. It is also applicable to all back, middle and front office staff in oil related functions and operations who want to further their understanding of this sector and to excel in their existing role. The skills and oil trading techniques covered are applicable to many other commodities.
By the end of this course you will have achieved a real understanding of the physical crude, product and derivative oil markets, with an ability to appreciate the main drivers of these markets and gained experience in the use of principal trading techniques:.
Our unique world class simulated trading and operations environments allow both individuals and teams to practically apply the knowledge gained from each lecture instantly. Learn about spread trading and how to use these techniques to manage price differences between geographic locations.
Use spread trading to manage price differences between various time periods in a single product market. The mechanisms for shipping and storing crude oil or products and using trading tools to exploit arbitrage opportunities. Learn why and how Dated Brent is used as the most important marker grade in the global oil markets.
Early closes due to holidays are common and schedules may continue to change until the date of the holiday session. Due to daylight savings time differences between the US and Europe, the Eurex session times will shift by 1 hour until both regions are on the same schedule.
This occurs during March and November. It remains the sole responsibility of the authorized trader of an account to manage the positions in accordance with the Intraday Margin Guidelines. Intraday Margins may be adjusted to account for excessive volatility and in extreme cases may change with limited or no prior notice.
In these situations the fees for liquidation will be waived however the accounts may still be liquidated to help protect the account. Trading in physically deliverable futures contracts is prohibited beginning on the business day preceding the earlier of the Last Trade Date or the 1st Notice Date through the Last Trade Date. Any account that has a position or places an order in a contract after this roll date is subject to immediate liquidation and associated margin violation fees.
They advise commodity pools and offer managed futures accounts. CTAs exercise discretion over their clients' accounts, meaning that they have power of attorney to trade the clients account on his behalf according to the client's trading objectives.
A CTA is generally the commodity equivalent to a financial advisor or mutual fund manager. A commodity pool is essentially the commodity equivalent to a mutual fund. This is the commodity equivalent to a registered representative. From Wikipedia, the free encyclopedia. Retrieved from " https: