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Advanced Derivatives: Pricing & Hedging Training Course

This training course gives you skills in the pricing, risk management, and structuring of global derivatives products such as forwards, futures, swaps, options, caps, collars, and swaptions in the equity, foreign exchange, commodities, and interest rate markets.

Dates, Locations & Fees | Instructor | Download brochure | Book your seat

"One of the best speakers I ever had." - A.P., Bank DBS Indonesia

What you'll learn in this advanced derivatives training course

This 4-day intensive advanced derivatives workshop is focused on increasing your skills in the pricing, risk management, and structuring of global derivatives products.

The workshop focuses on forwards, futures, swaps, options, caps, collars, and swaptions in the equity, foreign exchange, commodities, and interest rate markets.

The workshop builds on the widely used text Options, Futures, and Other Derivatives (6th Edition) by John C. Hull and participants may elect to read or review parts of the text in advance of the workshop for more thorough preparation.

Advanced Derivatives Training Course Highlights

DAY 1
Module 1: Introduction and Overview of Derivatives Products and Markets
Module 2: Modeling of Spot Price and Rate Movements
Module 3: Pricing and Risk Managing Equity, FX, and Commodity Forwards and Futures

DAY 2
Module 4: Review of Options Trading and Combinations Payoffs
Module 5: Option Pricing I - Constructing and Using Replicating Portfolios
Module 6: Option Pricing II - Analytical Formulas in Continuous Time Stochastic Calculus
Module 7: Option Pricing III - Numerical Procedures and Non-Standard or Exotic Options

DAY 3
Module 8: Options Price Risk Management
Module 9: Review of Interest Rate Derivatives - Markets, Concepts, and Tools
Module 10: Modeling Standard Interest Rate Movements and Processes
Module 11: Interest Rate Zero Curve Bootstrapping Techniques
Module 12: Libor Forwards and Futures

DAY 4
Module 13: Interest Rate Swaps
Module 14: Swap Bid-Ask Spreads and Credit Risk/Returns
Module 15: Libor Caps, Floors, and Collars
Module 16: Advanced Short-Rate and Term Structure Models
Module 17: Structured Interest Rate Derivatives Applications, Pricing, and Hedging

Have a question? Email us at:

or call us at: (+852) 2273-4393

Here's what past attendees have said about this course:

"William speaks quite clearly and makes it interesting (for usually seen as a dry topic course) and patient to address all queries..." - G.M., EVP of Debt Markets & Derivatives, CIMB, Malaysia

"Excellent...The models provided enhance understanding of formula." - C.C., Manager-Banking Supervision, Bank Negara Malaysia, Malaysia

"William Allen is a very knowledgeable speaker and has a wealth of experience in exotic products. The speaker is very good and the examples used in class are very good especially the excel spreadsheets on option hedging." - C.A., VP, Audit, DBS Bank, Singapore

"Good blend of statistics, products and examples from real world." - J.N., SEB, Sweden

"Very good..." - B.D. - Citigroup, UK

"Mr Allen has enormous practical experience and can bring it alive in the classroom." -
Miko S., Structured Products at a global bank's Tokyo office

"Bill Allen brings a unique global experience that helped put in perspective and better understand what's going on here .." - John Y., Fixed Income Sales at a Singapore Investment Bank

"...everything was practical and current...I could put it to work in my job immediately, especially examples from deals in the market only shortly before the course..." - Henry T., Derivatives Trading at a Hong Kong Investment Bank

Who should attend this advanced derivatives training course?

The target audience includes a variety of bank treasury markets professionals; derivatives traders, marketers, and structurers; and institutional investors and finance professionals at corporations that must know how to price, risk manage, and structure a wide range of derivatives products.

Only a minimal amount of calculus knowledge is required in order to master the numerical analyses and examples in the workshop.

Those that are looking for a basic/fundamental course should attend the Derivatives School course first.

Course Level

Intermediate to Advanced

What you will need to bring

You will require a laptop computer with a full install of MicroSoft Excel, including all add-in Data Analyses functions.

Models and exercises will be distributed on a CD to you.

Have a question? Email us at:

or call us at: (+852) 2273-4393

What do you get from Ethan Hathaway courses?

Practical. Learn from experienced and active industry practitioners and what's being practiced by your peers.
Applicable. Apply what you learn in your job and your career
Specially designed courses by industry active experts for industry practitioners
Valuable. Earn more revenue or save your organisation from monetary loss. You and your organisation will quickly earn back your investment on the course fee and more
Enjoyable. Speakers who have a passion for their topic
Clear. Turning complex concepts into easy to understand concepts
You gain knowledge and skills that make you valuable to your company and your career
Instruction by industry experts
Course notes and reference materials package
Daily lunch, snacks and refreshments
Certificate of completion
Meeting your industry peers
Ask questions relevant to your job
Limited seats - each session is limited to between 18-25 seats
Much, much more
Download the course brochure to learn more

Your course instructor

William Allan: Mr Allen is the founder and executive managing director of a capital markets consulting firm, with offices in California, New York, Ireland, and other locations worldwide, providing consulting and executive education in the areas of derivatives, corporate finance, structured finance, mergers and acquisitions, capital markets, risk management, investment management, and asset/liability management for a number of major banks, securities firms, multinational corporations, and institutional investors around the world.

Mr Allen is recognised as a leading senior training consultant in the global financial arena, having dedicated the last 15 years to promoting education in these areas. He has trained and consulted for most large financial institutions and many large corporates and investors in major markets around the world.

He has published over 30 articles, notes, and books on various finance, capital markets, derivatives, and risk management topics.

Before consulting, Mr Allen worked with J.P. Morgan in various capital markets, risk management, securities and derivatives trading, arbitrage, hedging, and marketing activities in London and New York. He was a principal in a boutique M&A firm covering specialised industries. He worked as a portfolio manager and then Chief Investment officer of a university endowment. Mr Allen is a private advisor to a hedge fund manager for market-neutral and derivatives strategies. He actively trades his proprietary portfolio of securities and derivatives in order to test and refine new strategies.

Mr. Allen pursued MBA and Doctoral studies in capital markets at the Harvard Business School and was involved in various research and teaching roles in academia. He received the Elijah Watts Sells Award and the John S. Glenn Gold Medal for outstanding performance on the Certified Public Accountants (CPA) examination while with Ernst and Whinney (now Ernst and Young). Mr Allen was awarded the Robert Beyer Bronze Medal for outstanding performance on the Certified Management Accounting (CMA) examination. And he earned the professional designation of Chartered Financial Analyst (CFA) while a buy-side portfolio manager and then chief investment officer of a university.

William is a member in the Professional Risk Manager's International Association (PRMIA) and the Global Association of Risk Professionals (GARP), as well as participating in their respective continuing professional education and certification programmes.

Dates & Locations & Fees

Date	Location	Venue	Course Fee	Early Bird Fee	Register
13 Jul - 16 Jul, 2010	SG, Singapore	Marina Mandarin Hotel	US$5098	See Brochure
9 Nov - 12 Nov, 2010	HK, Hong Kong	Marco Polo Prince Hotel	US$5098	See Brochure

Early Bird Savings Early Birds Save Up To 30% Off the Regular Fee, download the brochure to learn more

Limited seats - Email us: for availability.

* Venue, dates, course fees, promotions, course content, course instructor are all subject to change

Can't find a session in a city near you?

If there's no session scheduled in a city near you, you have the following options:

In-house training: If you have a group of 8 or more, consider having us run this course in-house for you
Co-sponsored training: Between 5-7 people, consider a co-sponsored course - you agree to send this set number of people to the course if we run it in a city near you and Ethan Hathaway sells the remaining seats to other companies
Distance learning: Less than 5 people, consider distance training format: live trainer presents over phone lines/web at pre-scheduled times (available only for select courses)
Just tell us where you want the course: Let us know which city you'd like us to run this course in - we'll plan it if there's enough demand

Email us at: for more information regarding the above options.

Register for the course

You may book your place on the course by any of these methods:

Online booking - simply click on the "Register Me" button next to the course date you wish to register and it will take you through our quick online registration procedure.
Email us at: - please include your full contact details.
Fax us the booking form (included in the brochure) to: +852 3014-0721
Or call: +852 2273-4393 during normal office hours

Related Courses

Learn more about this course

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Detailed course agenda of what you'll learn
Eligible discounts
Our course quality guarantee
Course expert biography
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