2 Days Executive Workshop on Advanced Derivatives Trading

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2 National Stock Exchange of India Limited 2 Days Executive Workshop on Advanced Derivatives Trading OVERVIEW It is imperative to develop domain knowledge expertise in quantitative and qualitative Trading skills in Derivative so as to trade or invest profitably.it helps us understand the market in a better manner and often allows us to frame difference strategies as per the market movements. Increasing volatility across global markets has necessitated a multidimensional approach for understanding the Importance of Derivative Trading. Given the current market scenario and dynamism, Derivative Trading has attracted attention more than ever before. The concepts are multi-fold and are applicable across all financial markets: equities, fixed income, currencies-domestic or global. In view of this, NSE presents a comprehensive workshop on Derivative Trading for analysts, dealers, traders, consultants, and other market practitioners. The course provides an opportunity to understand various strategies ABOUT DERIVATIVE Derivatives are the financial contracts or instruments, which derive their value from some other variables. In short, these are the instruments whose value depends on underlying asset. The importance of derivatives is many fold. The power of derivatives lies in their versatility. They enable you to adapt or adjust your position according to any situation that arises. Options can be as speculative or as conservative as you want. This means you can do everything from protecting a position from a decline to outright betting on the movement of a market or index. PROGRAMME OBJECTIVE NSE's MDPs aims to enhance the competitiveness of executives of all levels in the financial industry. It is designed to assist professionals to take on a leadership role in their position individually and collectively, while improving their knowledge. NSE's MDPs are vital for practicing professionals and managers who are keen to take on leaderships roles with their organizations. NSE's MDPs attract some of the finest faculty from industry. Participants learn from both the rich practical experience of the faculty, as well as from the diverse experience of fellow learners. It provides an ideal platform for gaining new insights in order to be successful. NSE also conducts in-house workshops for corporate and financial institutions, especially designed for Members, Corporate executives, Entrepreneurs, Businessmen and students.

3 Management Development Program Distinguished Faculty GOPI SUVANAM Gopi has worked for four years in Deutsche Bank in NY and London before setting up FinStream. He worked in the role of strategist advising top-notch institutions around the world on the use of derivatives for investments and risk management. He has an MBA from the Indian Institute of Management (IIM) Ahmedabad. He also has a Bachelor's degree in Computer Science from IIT Madras. Gopi takes a keen interest in poetry, literature, number theory and international economics. AMIT TRIVEDI Amit has got more than 7 years of experience at various levels in IT and finance roles With some of the country's most respected corporations, Infosys, ICICI Bank and JM Morgan Stanley. Amit is a post graduate from IIM Ahmadabad. He is a voracious reader, a golf enthusiast and is into theatre. Augmenting capabilities

4 National Stock Exchange of India Limited Curriculum DAY 1 Introduction to Derivative (Speaker: Mr. Amit Trivedi) Ÿ Introduction To derivatives Ÿ Introduction to Forward, Future and options Ÿ Understanding Call and Put option Ÿ Risk - Return of Options Buyer and Seller Ÿ Payoff and Breakeven Matrix Ÿ Graphical Analysis Ÿ Wide variety of Options available in Market Delta One Strategies (Speaker: Mr. Amit Trivedi) Ÿ Cash-Futures Arbitrage Ÿ Choosing right strategy based on macro, fundamental and technical analysis Ÿ Bullish and Bearish Strategies Ÿ Outright Selling and Buying Options Ÿ Straddle and strange Strategies Ÿ Calendar and Spread Strategies Ÿ Butterfly and Condor Strategies Ÿ Box Strategy/4leg Strategies Ÿ Ratio Spread Strategies Ÿ Price Ratio Spread Ÿ Vega Ratio Spread Ÿ Delta Ratio Spread Ÿ Risk Free Arbitrage Strategies Ÿ Conversion- Reversion Strategy Ÿ Call Put Parity Ÿ Break Even Points Ÿ Pay off Analysis Ÿ Strategies Questions and Graphs Ÿ Appropriate time to Enter and Exit Market Ÿ Suitable Market Situation for Execution Pricing and Volatility Trading (Speaker: Mr. Vijay Gautam) Ÿ Concept of Volatility Trading Ÿ Understanding the best time to trade volatility Ÿ Volatility Trades with respect to Greeks Ÿ Implications of Long versus Short Volatility trading Ÿ Open Interest Theory in options Ÿ Understanding the calculation of open Interest Ÿ Strategic portfolio changes with risk and fall of open Interest Ÿ Black-Scholes Formula Ÿ Non-Quantifiable Factors Ÿ Quantifiable Factors Ÿ Understanding Volatility

5 Management Development Program Curriculum Day 2 (Advanced) 'GREEKS' (Speaker: Mr. Gopi Suvanam) Ÿ Implied vs. Realized trades Ÿ Calculating Realized vol Ÿ Delta. Theta, Vega, Gamma Ÿ Understanding the portfolio of Greeks - Definition - Important Properties of various Greeks - Effect of Greeks due to Change in Other Variables Ÿ Delta hedging Ÿ Optimal delta hedging strategy Ÿ Methods to neutralize Greeks Skew Trading (Speaker: Mr. Gopi Suvanam) Ÿ Historical Volatility Ÿ Implied Volatility Ÿ Difference between Historical & Implied Volatility Ÿ Understanding volatility Smile and skew Ÿ Volatility Skew and Smile Trading Ÿ Managing Portfolio of combinations of smile and skew Trades Ÿ Managing the Risk in smile and skew trades Ÿ Adjusting a smile and skew trade using options or futures Ÿ Best time to trade smile and skew Ÿ Common mistake made during smile and skew trading Volatility Relative Value and Advanced Strategies (Speaker: Mr. Gopi Suvanam and Mr. Vijay Gautam) Ÿ Across stock RV Ÿ Conditional trades Augmenting capabilities

6 National Stock Exchange of India Limited WHO SHOULD ATTEND? The workshop is ideal for Brokers, Dealers, Fund Managers, Corporate Executives, Financial Intermediaries, Students, Investors, Media & Journalist. Workshop Details MANAGEMENT DEVELOPMENT PROGRAM IS A TWO DAY EXECUTIVE WORKSHOP Date: 21st & 22nd February 2014 Time: 10:00 AM to 5:30 PM Venue: NSE, Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Mumbai FEE & REGISTRATION Training fee: Rs 11,000 plus 12.36% Tax (Total: Rs 12,360) (Special discount of 10% for a group of 3 or more participants attending together as a team.) The fee includes tuition, presentation material, etc. The completed Registration Form Along with Payment. PAYMENT MODE: - DEMAND DRAFT AND ONLINE PAYMENT Account payee demand draft drawn in favour of "NATIONAL STOCK EXCHANGE OF INDIA LIMITED", payable in Mumbai, should reach NSE at least seven days before the commencement of the program. FOR ANY FURTHER QUERIES AND FOR ONLINE PAYMENT OPTION PLEASE CONTACT Ms Shaheen Khan / Mr Harbir Singh Mehrolia (Mob: ) Landline: /48 hmehrolia@nse.co.in / crmsupport-mumbai@nse.co.in (Limited Seats)

7 MDP NOMINATION FORM 2 DAYS EXECUTIVE WORKSHOP ON ADVANCED DERIVATIVES TRADING NSE presents a comprehensive program on derivatives trading for you. The course will provide you an opportunity to understand the various trading strategies that can be employed for Equity & Currency derivatives trading with hands on session. Step 1. Take a printout of this Nomination Form Step 2. Fill the Nomination Form with the required details Step 3. Make a Demand Draft of Rs. 12,360/- (Inclusive of taxes) payable at Mumbai in favour of "National Stock Exchange of India Limited Step 4. Send the Demand Draft along with completed registration form and Copy of pan card to Ms Shaheen Khan / Mr Harbir Singh Mehrolia (Mob: ) National Stock Exchange of India Limited 6th Floor, Kohinoor City, Tower-1, Commercial-II, Kirol Road, Off. L.B.S. Marg, Kurla (W), Mumbai , India Landline: /48 hmehrolia@nse.co.in/crmsupport-mumbai@nse.co.in Details Participant Participant Participant Name id Mobile Date of Birth Designation Organisation Years of experience in Stock Market Sponsored by: a) Self b) Company How did you come to know about the program: a) SMS b) c) Facebook d) NSE website e) Friends Correspondence Address:... Pin Code:... Programme Opted For: Date:... Payment Details: Amount (Rs.)... Demand Draft No.... Date of DD... Bank...

8 MDP NOMINATION FORM 2 DAYS EXECUTIVE WORKSHOP ON ADVANCED DERIVATIVES TRADING NSE presents a comprehensive program on derivatives trading for you. The course will provide you an opportunity to understand the various trading strategies that can be employed for Equity & Currency derivatives trading with hands on session. Please fill this form and send it along with payment details to: Ms. Shaheen Khan / Mr. Harbir Singh Mehrolia (Mob: ) National Stock Exchange of India Limited 6th Floor, Kohinoor City, Tower-1, Commercial-II, Kirol Road, Off. L.B.S. Marg, Kurla (W), Mumbai , India Landline: /48 hmehrolia@nse.co.in crmsupport-mumbai@nse.co.in Name of the participant: (Participant- 1) Designation (Participant- 2) Designation (Participant- 3) Designation (Participant- 4) Designation Organization: Registration type Individual Corporate (If sponsored by organization) Years of exposure in the Stock Market years Date of Birth: dd mm yy. How Did you come to know about the program: SMS Facebook NSE website Friends Correspondence Address: Pin Code:... Mobile: Payment Details: Amount (Rs.)... Date of DD... DD No.... Name of the Bank...