: Concept of derivatives; Types of products, Participants
and functions; Difference between Exchange-traded
vs. OTC derivatives markets.
Interest Rates & Market Index : Understanding
Interest RatesConcept of Index; Index construction;
Desirable attributes of an Index and types of Indices;
Application of Index.
SEBI, SCRA, Accounting & Taxation.
& Settlement : Clearing entities; Clearing
and Settlement Mechanism; Risk Management and Margining
System., Settlement Procedure
& Options : Basics of Forward, Futures and
Options Markets; Payoff for futures and options contracts;
Difference between trading securities and trading
futures on individual securities., Greeks - Delta,
Gamma, Theta, Vega, Rho
Speculation, Arbitrage : Understanding Beta, Strategies
of hedging, speculation and arbitrage in Futures and
: Trading system of Futures and options; Entities
in the trading system; Functionalities of the NEAT
System; Types of Orders, Transaction Charges.