Going (or not going) Dutch

A series of training courses scheduled for Amsterdam were an early casualty of COVID-19. With less than 24 hours to go before the flight, measures to limit the virus spread meant the courses could not proceed.  The courses were reconfigured for virtual delivery and went ahead over the last fortnight. 

“Although, we planned to make this as a physical meeting months ago, it was also very convenient this way.”

“Thanks for the really appreciated training, excellent presentation, Zoom organization and cherished energy“

Course feedback confirmed that many participants found the virtual delivery better than expected, and almost all see a role for virtual training continuing even when in-person in-classroom training can restart.

Check out Upcoming Courses for our full course schedule.



Silver (and golden) lining

Since the beginning of the year, the ominous cloud that is COVID-19 has expanded to cover the entire globe.  They say every cloud has a silver lining, and COVID-19 has proved to have a silver and golden lining.

The London Bullion Market Association (“LBMA”) engaged us to design and deliver an in-classroom training course on the basics of the loco London precious metals market for launch towards the end of 2020.  Due to the outbreak of COVID-19, the course has been reconfigured for virtual delivery with course dates brought forward to July and September.  The LBMA volunteered its own staff for a test run last week, and feedback was tremendous.

“Interesting for those with no previous knowledge whilst also being insightful for those already working within the industry”

“Activities and break-out rooms were used effectively to consolidate information learnt”

“100% would recommend this to anyone in the industry”

Check out Upcoming Courses for links to find out more and to reserve your place.

Where do I start with options?

Today’s seventh webinar in the  LMEEuromoney series took a first look at options. It explained basic option vocabulary and clarified what it means for an option to be in-, at- or out-of-the-money.  There was an overview of the option declaration procedures for both LME traded options and LME TAPOs.

“Very clear explanations. I found this very helpful” Investment manager

The next webinar is scheduled for 8th September and will describe in more precise detail the mechanics of declaring and abandoning LME traded options.  All webinars can be accessed here.




Thumbs up for the virtual classroom

Last week’s London Metal Exchange / Euromoney Learning introductory courses were nominally “in” New York, but in reality, the trainer was in Ireland, and participants were in India, Bulgaria, the UK, Peru, Chile and Mexico.  While the experience is different to being in-classroom, it appears to be suiting some attendees very well.

“I am surprised.  I think this virtual learning actually suits me better.  It seems easier to learn while I’m comfortable at home.” Fastmarkets

“I couldn’t justify the expense of travelling to New York for a single day of training.  A virtual course meant I could attend.  It totally worked for me” Glorem

The next course is “in” London on 14-16 July.  Check out Upcoming Courses for a full schedule and links to secure your place.

A New Normal

Last week’s London Metal Exchange / Euromoney course proved the concept: training can be delivered effectively over virtual platforms.  COVID-19 forced a new normal on us. We have risen to the challenge and adapted.  The courses featured interactive learning and exercises in small group sessions to foster the group dynamic.  The overall feel was close to an in-person in-classroom experience, and most importantly, it was a significant improvement on a passive webinar.

“Astonishing. There was so much information and it didn’t feel like a video conference.  It felt like you were in the room with me” IMR Metal Powder Technologies

 “I did not feel that it was done virtually at all and it was quite seamless.” Natixis

“Emma did a great job adapting the course to the virtual format and also interacting with participants.” Vale

“I also really enjoyed the mini group sessions. Excellent overall!!!!” DMX Holdings Pty Ltd

So now there is no need to be limited by your location, and you save on travel costs and time way from the office.

The June and July courses will service the US and European timezones respectively.  Check out Upcoming Courses for a full schedule and links to secure your place.

Keep calm and carry on

This week’s sixth webinar in the series of LMEEuromoney seminars delved into more detailed uses of LME carry trades, looking at hedging less liquid prompt dates and locking in the shape of the forward curve.  At this difficult time, it was heartening to see so many participating in the live webinar, and engaging with the audience polls and Q&A.  It is proof that the world adapts and carries on.

The feedback speaks for itself:

“Amazing webinar! Couldn’t be better! Impressed! Both the stuff/material provided, the duration and the practical examples are excellent! Thank you so much.”

“I like the pace of these sessions. It is very clear. It covers complicated topics but explains it in a very digestible way.”

The next webinar is scheduled for 17th June and will start to look at the types of options available on the LME.  All webinars can be accessed here.

New Year, New Venue

The new venue for the LME introductory training courses this week proved popular.  Located right beside Moorgate station and just a short walk from the LME, attendees appreciated the convenience particularly when it came to leaving for flights at the end of the course.

The course covers the inner workings of the LME and essential knowledge for using LME futures and options.  Each course develops its own particular flavour as participants are encouraged to share their own experiences.  Gaining a better understanding of LME terminology was a goal for many attendees, and several were hear reciting “Yesterday’s Cash is today’s Tom” after the section on rolling prompt dates.

“A very useful course. Glad I attended”, Sucden

“Excellent course.  Best trainer I have experienced on any course I have been on”. Mestok Inox

The next courses will be Dubai (10-12 March), London (28-30 April) and New York (9-11 June).  Check out Upcoming Courses for a full schedule and links to secure your place.

Getting carried away

This week’s fifth webinar in the series of LMEEuromoney seminars discussed LME carry trades.  The difference between borrowing and lending, and the impact of the forward curve on the profit and loss of carry trades were explained.  An example of applying carries to adjust the dates on a risk position was worked through in detail.

The webinar content and the “Test Yourself” questions were the most challenging in the series so far.  Just 22% correctly answered the first question.  However, there was an impressive improvement to 71% correctly answering the second question after working through the first exercise.  Why not listen to the recording to see how you fare?  All webinars can be accessed here.

The next webinar is scheduled for 31st March and will discuss more applications of LME carries.

We were there

Last week’s attendees on Euromoney’s Commodity Derivatives course were fortunate to watch an exciting closing trading session for nickel, kindly facilitated by the London Metal Exchange.

The flurry of activity in the final moments of the ring, was instantaneously reflected in the prices visible on the electronic platform.  It was very satisfying reviewing the price chart the following morning, relating our on-hand viewing of the market to the price movement.

The LME visit is just one aspect of this comprehensive three-day course which covers the major commodity sectors and related derivatives techniques. The learning approach is practical, with several case studies and workshops offering opportunities to explore concepts at a deeper level.

“Everything is useful and on a high level professional approach. Likes it big time and definitely will bring my colleagues next year.” Sberbank

The course will run in London and Singapore during 2020:
London: 11-13 May 2020 and 17-19 November 2020
Singapore: 22-24 September 2020

Click here for more information and to register.

Record numbers during LME Week

LME Week is always busy, but this year saw record numbers attending the LME introductory training courses.

The courses upgrade knowledge and offer an excellent networking opportunity where topics not on the course agenda can be explored with other market participants.  To give a flavour of the spread of attendees, in just one corner we had Nicole, Nikita and Nikola, representing Australia, Estonia and Bulgaria, and working for a packaging company, a physical trader and an LME member.

“Excellent course and would recommend to anybody wanting to get an understanding of the LME”, Environmental Impact Group

“Emma is very professional and her way of explaining helped me understand all the concepts. She was available all the time, she encouraged us to ask questions and to have open discussions”. Lexar Commodities

“The trainer worked 1 on 1 with those students that needed additional help.” Nordmet Invest

The final course of the year will be in New York (10-12 December). 2020 dates are being finalised and will be available for booking shortly. Check out Upcoming Courses for a full schedule and links to secure your place.