Course curriculum

  • 1. Introduction to Futures Contract

    • 1.1 Futures Contract

    • 1.2 History of Futures Trading

    • 1.3 Pop Quiz

    • 1.4 Tell us what you think

  • 2. Contract Standardisation

    • 2.1 Standardisation of Terms

    • 2.2 Expiration Dates

    • 2.3 Contract Value

    • 2.4 Trading Hours

    • 2.5 Contract Standardisation Promotes Liquidity

    • 2.6 Pop Quiz

    • 2.7 Tell us what you think

  • 3. Clearinghouse, Margins, and Price Limits

    • 3.1 Futures Margins

    • 3.2 Mark-to-Market

    • 3.3 Settlement Price

    • 3.4 Price Limits

    • 3.5 Offsetting Futures Positions

    • 3.6 Cash Settlement

    • 3.7 Special Quotation

    • 3.8 Pop Quiz

    • 3.9 Tell us what you think

  • 4. Pricing Stock Index Futures

    • 4.1 The Basis

    • 4.2 Basis Convergence

    • 4.3 Cash-Futures Arbitrage

    • 4.4 Pop Quiz

    • 4.5 Tell us what you

  • 5. Trading Stock Index Futures

    • 5.1 Outright Futures Trading

    • 5.2 Rolling Positions

    • 5.3 Spread Trading

    • 5.4 S&P-Nasdaq Index Spread Example

    • 5.5 Pop Quiz

    • 5.6 Tell us what you think

  • 6. Fund Management Applications of Stock Index Futures

    • 6.1 Popular Fund Management Applications

    • 6.2 Beta Adjustment

    • 6.3 Cash Equitization

    • 6.4 Creating Equity Out of Cash

    • 6.5 130-30 Strategies

    • 6.6 Portable Alpha

    • 6.7 Pop Quiz

    • 6.8 Tell us what you think

  • 7. Assessment

    • Instructions

    • Questions