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2013/2014  BA-HA_E160  Trading in Financial Markets

English Title
Trading in Financial Markets

Course information
Language English
Exam ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Semester
Course period Autumn
Changes in course schedule may occur
Class XA: Wednesday 14.25 - 17.00, weeks 36-41, 43-48
Class XB: Friday 11.40 - 14.15 weeks 36-39, 41, 43-48
Time Table Please see course schedule at e-Campus
Max. participants 45
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Bjarne Florentsen - Department of Finance (FI)
Teacher Lars Stentoft, lps.fi@cbs.dk
Secretary Louise Bruun Christensen - lbc.fi@cbs.dk
Main academic disciplines
  • Finance
Last updated on 19-08-2013
Learning objectives
Through a combination of lectures, dialogue, and a case based approach the student is trained in the applications of theoretical concepts to analyze, recommend, implement, and evaluate trading strategies in relation to the relevant theory, cases, as well as examples.

To get the grade 12 at the end of the course the student should demonstrate:
  • Knowledge of the course’ crucial themes, theories and concepts
  • Ability to choose, combine and apply these in analysis of theory/cases/examples
  • Ability to draw conclusions and recommendations
Course prerequisites
This course requires that the students have obtained good results in a Financial Management course. In addition, it requires practical use of various derivative products like options and futures. Though a general introduction will be given, it is the responsibility of the student to ensure that they have a sufficient prior knowledge of these products.
Prerequisites for registering for the exam
Compulsory assignments (assessed approved/not approved)
Compulsory assignment (pass/no pass) during the course.
Examination
4 hour written sit-in exam:
Examination form Written sit-in exam
Individual or group exam Individual
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter Term
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Allowed calculators
  • Allowed dictionaries
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

This course aims at introducing the student to the use of trading platforms, to the principal financial markets, to the interaction existing between these markets, and the operations in trading room. In addition to this the student is introduced to how trading may be conducted, the various types of trades and trading strategies, the role of the different market participants, and the importance of and the practical consequences of the organization of the financial markets.

 

A preliminary list of theories, concepts, and cases introduced 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
Teaching methods
In this course regular class lectures are complemented by assignments and trading cases.
Expected literature

Boyer, M., Cenesizoglu, T. and Stentoft, L. (2012): "Investing and Trading in Financial Markets", HEC Montréal.

All required reading will be provided online through LEARN during the course.
Last updated on 19-08-2013