Forex Dealing with Bourse Game

by National Institute of Bank Management Claim Listing

With a global turnover of more than $ 7.1 trillion a day, the forex market is the single largest financial market in the world. Commercial banks are conventionally the major players in the forex market.

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img Duration

5 Days

Course Details

With a global turnover of more than $ 7.1 trillion a day, the forex market is the single largest financial market in the world. Commercial banks are conventionally the major players in the forex market.

Though merchant banking requires banks to cater to their customers' needs in their buying and selling of currencies, they also can play the role of 'Market Maker' in the interbank market and take the opportunity to gain while covering their position which involves substantial risk.

Similarly, today commercial banks are highly engaged in 'proprietary trading' to gain by taking speculative positions. For today's dealing room activities, banks not only need sound risk management systems, but also well-trained personnel in the dealing rooms.

 

Objectives:

  • 5 days of FX BOURSE GAME on simulated platform and CCIL FX Clear platform
  • Interpretation of market news feed
  • Market making with two-way quotes – Spot and swap deals
  • Exchange arithmetic of USD/INR and crosses
  • Booking merchant deals for cash, spot, and forward; customer dealing; and exchange margin (special emphasis on EUR, GBP, JPY, and CHF)
  • FX swaps and interbank cover operation for cash, tom, and forward
  • Dealing with exchange position and NOSTRO positions in USD/INR and crosses in cash and forward
  • P&Lcalculation
  • Identifying trends and market volatility using quotes for both spot and swap deals
  • Reading charts and patterns using technical analysis (2 days hands-on sessions)
  • Bourse Game – 4 days of forex trading sessions conducted by a team of industry professionals in the simulated environment of the dealing room
  • Pune Branch

    National Institute of Bank Management NIBM Post Office, Pune

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