Dual Licensing Fast Track Programme II

shadow
Dual Licensing Fast Track Programme II

Duration Venue
6 days
  • SIDC module : 2 days – Saturday and Sunday (Product)
  • BMD module: 4 days – Saturday (Regulation training) and Monday or Tuesday (Trading Simulation)
Securities Commission Malaysia, Bukit Kiara and Bursa Malaysia, Bukit Kewangan

Who Should Attend

This intensive course, jointly organised by the Securities Industry Development Corporation (SIDC) and Bursa Malaysia Derivatives (BMD), is specially designed for Capital Market Services Representative’s Licence (CMSRL) holders intending to achieve dual licence status for :

  • dealing in securities; and
  • trading in futures contracts
 

To be eligible for this programme, candidates should:

  • have at least 5 years of experience as a Dealer’s Representative as at 3 August 2012; and
  • be fit and proper as set out in section 65 of the Capital Markets & Services Act (CMSA) 2007

  • Programme Delivery

    Learning Outcomes

    Upon completion of this programme, participants will be able to apply hedging, arbitrage and speculative strategies on the trading of commodity, equity and financial derivatives on BMD.
     

    For SIDC’s programme module, participants will be able to:

    • explain the concepts of futures and options markets;
    • apply hedging, arbitrage and speculative trading strategies on commodity, equity, bond and interest rate futures traded on BMD;
    • apply fundamental and technical analysis of futures markets;
    • describe the structure of options markets;
    • discuss and apply specific option trading strategies;
    • utilise simple option pricing models and outline their uses in options trading; and
    • demonstrate the use of equity options.
     

     For Bursa’s programme module, participants will be able to:

    • recognise the regulatory structure of the derivatives market;
    • define Participants Supervision and Surveillance functions e.g. Do’s and Don’ts when trading derivative;
    • understand Globex system features, controls and policies;
    • trade using J-traders;
    • explain and apply options strategies; and
    • describe risk management for derivatives market.
     

    Methodology

    Interactive lecture, discussion, facilitated assessments and hands-on training

     

    Number of Participants

    • SIDC module: 40 participants per class
    • BMD module: Regulation training – 40 participants per class
      • Regulation training - 40 participants per class
      • Trading simulation – 20 participants per class
  • Programme Outline

    Day 1: Saturday, 09:00 am - 05:30 pm
    Overview of Derivatives
    Introduction to Futures
    Commodity Derivatives: Crude Palm Oil Futures (FCPO)
    Equity Derivatives: FTSE Bursa Malaysia KLCI Futures (FKLI)
    Equity Derivatives: Single Stock Futures (SSFs)
     
    Day 2: Sunday, 09:00 am - 05:30 pm
    Financial Derivatives: Malaysia Government Securities (MGS) Futures
    Financial Derivatives: 3-month Kuala Lumpur Interbank Offered Rate (KLIBOR) Futures
    Market Analysis
    Introduction to Options
    Option Strategies
    Option Pricing
     
    Day 3: Saturday, 09:00 am - 05:00 pm
    Overview of the CMSA 2007 in relation to the derivatives market
    Overview of BMD rules and Participants Supervision functions
    Introduction to Derivatives Surveillance
     
    Day 4: Monday or Tuesday, 06:30 pm - 09:30 pm
    Trading in Globex
    • System features, controls and policies
    BMD “J-Trader” Order Management System (OMS) training
     
    Day 5: Saturday, 09:00 am - 05:00 pm
    Introduction to Options
    The Basics
    Bursa Strategies for Options
     
    Day 6: Monday or Tuesday, 06:30 pm - 09:30 pm
    Roles of Bursa Malaysia Derivatives Clearing
    Importance of Risk Management for Derivatives Market
  • Programme Fees

    RM1,500 per participant + 6% GST = RM1,590