Overview
Equity, FX, and Rate Futures Course Overview
This course focuses on currency futures, equity index futures, and interest rate futures and forwards. The course provides insight into key concepts such as cross rates, triangular arbitrage, and currency swaps. You will also learn how to calculate the fair value of equity index futures and use these instruments to hedge a position. By the end of the course, you will also have an understanding of forward rate agreements (FRAs), short-term interest rate futures (STIRs), interest rate swaps (IRS), and the relationship between spot rates and forward rates.
Equity, FX, and Rate Futures Learning Objectives
Upon completing this course, you will be able to:
- Identify triangular arbitrage opportunities by calculating cross rates
- Understand how to use equity index futures to hedge a position
- Describe the relationship between spot rates and forward rates
- Explain FRAs, STIRs, and IRS
- Understand currency futures, equity index futures, and interest rate futures
Who Should Take This Course?
This Equity, FX, and Rate Futures course is ideal for anyone looking to enhance their understanding of futures and forwards. It is designed to benefit students and professionals looking to begin a career in derivatives trading or for anyone interested in learning more about the space.
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See All Certification ProgramsWhat you'll learn
Lesson
Multimedia
Exams
Files
Currency Futures Contracts
Triangular Arbitrage Steps
Forward Exchange Swap
Exchange Rates Reminder
Free Preview
Buying and Selling Currency Futures - Example
What Is a Currency Swap
Bid Offer in FX
Cross Rates and Triangular Arbitrage
Free Preview
Quoting Forward Rates
Foreign Currency Futures - Example
Forward Price Formula
Currency Swap Stages
FX Forwards - Example
FX Forwards - Example Continued
Currency Swap - Example
Managing Currency and Interest Rate Risk
Forward Exchange Swap - Example
Cross Rate Examples
Interactive Exercise 1
Interactive Exercise 2
Equity Index Futures Contracts
Index Futures Calculations
Index Futures Contract Profit - Example
Index Futures – Example
Individual Equity Futures – Example
Hedge Outcome
Simple Hedge Ratio
Index Arbitrage
Index Futures Contract Sizes
Fair Value of Index Futures - Q1
Calculating the Fair Value of an Equity Index Future
Interactive Exercise 3
Interest Rate Futures and Forward Contracts
Forward Spot Interest Rate - Answer
Futures Codes
Series of FRAs
Creating a Forward Rate
FRA vs. Futures Contracts
Interest Rate Swap - Example
Notional Coupon
Price Factor
Spot Rates vs. Forward Rates
Bond Futures
Deliverable List and Price Factors
2x5 FRA Example
STIR Future - Example
STIR Futures Contracts
Interactive Exercise 4
Course Outro
Qualified Assessment
This Course is Part of the Following Programs
Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.
All Capital Markets & Securities Analyst (CMSA)® Courses
Equity, FX, and Rate Futures is part of the Capital Markets & Securities Analyst (CMSA)® certification, which includes 42 courses.
- Skills Learned Trading strategies used in the finance and capital markets
- Career Prep Work in capital markets, whether on the buy-side or the sell-side
Learner Reviews
Essential knowledge for corporate treasurers/CFO's
The course covers relevant techniques to mitigate forex, interest rates, equities, etc. fluctuations which are essential skills to have for those tasked of raising financing.
The course covers relevant techniques to mitigate forex, interest rates, equities, etc. fluctuations which are essential skills to have for those tasked of raising financing.
Love Manigsaca
A good course for Futures & Forwards
A good advanced course for Futures and Forwards
A good advanced course for Futures and Forwards
Kwong Sang Yeung
Better understanding of futures
This second part of the course on futures is as sound as the first one, and provides a good understanding on how and when equity and FX futures are to be used.
This second part of the course on futures is as sound as the first one, and provides a good understanding on how and when equity and FX futures are to be used.
Sylvain DAVID
Great
A good course which covers a lot of aspects about FX transactions and interest swaps.
A good course which covers a lot of aspects about FX transactions and interest swaps.
