This week’s London Metal Exchange (“LME”) / Euromoney Learning  webinar took a look at cash-settled futures which use price reporting agencies to determine the final cash settlement amount.  It included an in-depth look at the front-month contract and explains why the front-month quote can differ from spot prices in the physical market.

If you missed it, links to all the webinars in this series are here.  To learn more about these contacts, why not join the half-day course on 9th February 2022.

Last week’s London Bullion Market Association (“LBMA”) training courses got rave reviews despite a few hiccups along the way.  A brief internet outage dumped the trainer out, and the builder next door starting to cut through concrete slabs drowning out all conversation.

The attendees were superb throughout.  While the trainer was getting reorganised, one shared their personal experiences of being part of the gold fixing, the forerunner to the current LBMA price process.  And we all laughed at the willingness of the builder to stop work early on a Friday afternoon so that we could complete our leasing workshop.

Top marks to the group on the “How to Use Loco London” course as they achieved the stretch target of completing a bonus case study by racing through the standard course materials in record time. It was a satisfying end to a great two days.

“An Introduction to Loco London” and “How to Use Loco London” are scheduled to run on 22^nd and 23^rd February 2022 respectively.  Follow this link to secure your place.

Last week the London Metal Exchange (“LME”) ran their new “Introduction to Cash-Settled Futures” course for the first time.  Places filled up quickly with an impressive geographical spread of attendees from Malaysia to New York.

The focus of this course is on the cash-settled futures contracts introduced by the LME in more recent years, where the final settlement price is determined by a Price Reporting Agency (“PRA”).  The three-hour session combines theory with several practical examples, and encourages questions and discussions of real life situations.

Don’t just take their word for it.  Why not join the next session on 9^th February 2022?

 

Our first batch of online on-demand videos about commodity derivatives are now live on the Finance Unlocked platform. Check out the excellent graphics which certainly engage and hold attention.

Last week’s London Metal Exchange (“LME”) / Euromoney Learning courses were well attended with great representation across the value chain.  The “S” theme came from the attendees being based in Sweden and South Africa, from smelters, scrap recyclers and specialist steels, and Stephanie being the willing volunteer in many of the examples.

“I’m very glad I did this training. It was well worth the money and for a virtual course, it was very well explained and very interactive.”

“There were enough examples and recaps to really understand what was going on … and lots of room to ask questions.”

“I recommend it to all those who want to start trading and hedging.”

 

This month’s London Bullion Market Association (“LBMA”) “An Introduction to loco London”  training course trialled a new format.  Instead of delivering the course in a single day, there were two sessions on consecutive London afternoons.  The idea was to make the course more accessible to those “across the pond”, but interestingly this sold-out course had more attendees from Asia than the US and Canada.  Which format suits you better – all on one day or split over two? 

This course and the follow-on module, “How to Use Loco London”, return to the single day format on 2 & 3 December respectively. Check out Upcoming Courses for links to more details.

 

Attendees on this week’s London Metal Exchange  / Euromoney Learning introductory courses definitely got more than they bargained for.

An integral part of these courses are the side discussions that develop from questions raised by attendees.  This week there was a tremendous willingness to share real-life experiences.  When a consumer, new to hedging, was querying how to manage their US Midwest aluminium premium exposure, a physical trader shared their practical approach to premium risk in Europe.  On the options day, discussions included applying options to manage escalation clauses in concentrate agreements.  These bonus topics always make the few days more enriching and enjoyable.

Courses are scheduled to coincide with the business day in Europe, the US, Asia and the Middle East.  Check out Upcoming Courses to find a date and time zone that works for you.

This week’s London Metal Exchange (“LME”) / Euromoney Learning  webinar refreshed the very first webinar in this series.  The original webinar enjoyed strong registrations, and has easily been the most popular over the last two years.  There is clearly appetite for more as there was a record number of registrations, download figures are ticking up already and questions poured into the final Q&A.

 

This month’s London Bullion Market Association (“LBMA”) loco London training courses attracted participants from all over the world, from Tokyo to Texas, including Liverpool and Lugano.

The two modules, “An Introduction to loco London”  and “How to use Loco London”,  are designed as stand-alone courses and can be attended separately.  Several attendees opted for a deep dive and took the two courses on consecutive days.  Others preferred to split the courses over a few months, either due to busy schedules or a natural preference for consolidating new knowledge before moving onto the next level.  Those who have a basic knowledge of the market can jump straight into the “How to use” session.

The combination of a core group that attended both days plus the influx of new faces on the second day, made for lively Q&A sessions and interesting shared insights during the group workshops.

The next Introduction to Loco London course will be split over two London afternoons (15-16 September) to accommodate both European and US based attendees. Further course dates are being firmed up and will be confirmed shortly. Keep an eye on Upcoming Courses for dates and links to register.

 

WFH or TFH, Training From Home, was taken to a whole new level during last week’s London Metal Exchange  / Euromoney Learning introductory courses.  The courses were run in the New York time zone to cater to the Americas and one attendee was on holiday in Belize.  We were envious when we realised that the palm trees outside were not a virtual background.  Be it a holiday home, or makeshift home office, physical location is much less of an impediment to developing professional skills and networking across the industry than we might have feared at the start of the pandemic.

Courses are scheduled to coincide with the business day in Europe, the US, Asia and the Middle East.  Check out Upcoming Courses to find a date and time zone that works for you.