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2011/2012  BA-HA_E160  Trading in Financial Markets

English Title
Trading in Financial Markets

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Elective
Level Bachelor
Duration One Semester
Course Period Autumn
schedule: Wed.:14.25-17.00, week:36-41, 43-46
Time Table Please see course schedule at e-Campus
Study Board
Study Board for BSc in Economics and Business Administration
Course Coordinator
  • Bjarne Florentsen - Department of Finance
Secretary Marianne Andersen - ma.fi@cbs.dk
Main Category of the Course
  • Finance

Taught under Open University-Taught under open university.
Last updated on 29 maj 2012
Learning Objectives
Through a combination of lectures and a dialogue and case based approach the student is trained in application of theoretical content to analyse, reason and recommend in relation to the actual theory and cases as well as examples.

To get the grade 12 the student should at the end of the course demonstrate:
  • Knowledge of the course’ crucial themes, theories and concepts as listed below
  • Ability to choose, combine and apply these in analysis of theory/cases/examples
  • Ability to draw conclusions and recommendations based on this
Prerequisite
This course requires that the students have obtained good results in a Financial Management course. In addition the course requires practical use of various derivative products like options and futures. It is the responsibility of the student to ensure the knowledge of these products, preliminary to following course.
Examination
4 hour closed book exam
4 hour closed book exam:
Assessment Written Exam
Marking Scale 7-step scale
Censorship No censorship
Exam Period Winter Term
Aids Closed Book
Duration 4 Hours
Examination
The exam is a 4 hour written closed book exam. The exam is PC-based with no internet access. No other exam aids.
Compulsory assignments (pass/no pass) during the course.
Assesment according to the 12-point scale.
Course Content

This course aims at introducing the student to the use of the platforms of negotiation, to the principal financial markets, and to the interactions existing between these markets and the operations in trading room. Furthermore, in the course the student is introduced to issues such as the return on a position, the various trading strategies and their objectives, and the investment decision.

 

A preliminary list of theories, concepts, and cases dealt with during the course includes:

Session 1: Introduction to the course and to trading in financial markets

Session 2: Valuation in general and technical analysis

Session 3: Futures and options on stock indices

Session 4: Option trading strategies

Session 5: Bond and interest rate markets

Session 6: Commodity and currency markets

Session 7: Markets in practice and intermarket analysis

Session 8: Alternative investments

Lession 9: Risks and risk management I

Lession 10: Risks and risk management II

 

The lessons will be fitted to the hours available.

Teaching Methods
In this course regular class lectures are complemented by assignments and trading cases.

Further Information

The course is normally taught at HEC Montréal. Hence, the students must be flexible with respect to the prerequisites. Also, the course content might change if appropriate.

Literature

All required reading will be provided through LEARN
Complenentary (not required reading):
Valdez, Stephen. An introduction to global financial markets, McMillan Press Ltd., London, 2000. (Highly recommended reading)

Murphy, John J. Technical Analysis of the financial markets, New York Institute of Finance, 1999

Malkel, Burton: A Randon Walk Down Wall Street.