ICE Education & TwoTwoFive Natural Gas Trader Programs have been created specifically for individuals who are considering a career move into physical commodity trading, or those working in supporting roles who want to become more familiar with trading decision making.
Learning with a difference
The expert TwoTwoFive and ICE Education training team of former traders teach step-by-step 8 primary Natural Gas trading concepts in detail; revealing the key methodologies and intricacies of each by using interactive presentations, videos, tutorials and quizzes to test individuals knowledge as they learn.
Theory in practice
Everyone can test the theory by putting their learning into practice. Our unique trading simulator Ignite, is an advanced piece of software that provides a true view of the wealth of information a trader has to process, coupled with the functionality to play real-life trading scenarios. Ignite provides a learning experience like no other; as individuals will physically experience what it feels like to be sat in a traders chair…with the clock ticking…and adrenalin rushing. See our reviews HERE
There are three Natural Gas Trader programs available to book now – delivered over 4-days each trading course concept module features:
- A 1-hour digital pre-read to be taken before the live session
- 8 x 2-hour online sessions streamed and hosted live twice each day
- A knowledge check.
Click on the dates below to book and view the full course details and live session times. EMEA & Asia times available.
Derivatives: What is trading and why do companies trade. The major gas hubs. What is a gas derivative? What is the difference between forwards, futures, swaps, and options? Explains some trading terminology. How a futures exchange works. How traders use gas derivatives.
Simulations: 2 trading simulations where delegates will be able to trade futures, swaps, and forwards
Trading Best Practice: What is risk? The different types of risk – price, credit, operational, reputational. How risk can be managed successfully by a trader. Technical analysis. How risk is measured, what is VAR and how is it used. Trading lessons – common pitfalls.
Simulations: 2 trading simulations where delegates will be able to trade NBP, ZBR, PEG, TTF and NCG futures within a VAR trading limit.
Time Spreads: What is spread trading/different types of spread. Principles of spread trading. What a forward curve is and market structure. Different types of market structure and what they signify. How traders use time spreads.
Simulations: 2 trading simulations where delegates will be able to trade NBP and TTF futures within a trading limit.
Pricing Exposures: Term contracts. Spot contracts. Oil Indexation. Pricing periods. Price risks – oil v gas. Natural gas trading issues. Factors that influence supply. Factors that influence demand. Natural gas quality. Managing nat gas price risks.
Simulations: 2 trading simulations where delegates will be able to trade NCG, TTF, and NBP futures.
Arbitrage: Explains physical arbitrage. Gas pipelines. Trading geographical spreads. Costs to move gas. Valuing pipeline capacity. Optimisation of pipelines.
Simulations: 2 trading simulations where delegates will be able to trade around pipeline capacity between NCG and TTF markets.
Hedging: Why hedge. Basis risk. Futures as hedging instruments. JKM swaps as hedging instruments. Hedging considerations. Types of hedging. A detailed example of hedging floating price cargoes. Futures or swaps? Dirty or imperfect hedging.
Simulations: 2 trading simulations where delegates will be able to apply hedges to long term contract pricing priced off oil and gas as the gas prices in.
Storage: What is storage. Why companies might want storage. The costs associated with storing natural gas. Valuing storage. Optimisation of storage. Types of market structure. How to hedge a storage play. Intrinsic and Extrinsic Value.
Simulations: 2 trading simulations where delegates will be able to utilise withdrawal and injection rights to store TTF and NBP gas and apply hedges to capture a storage play.
Team Dynamics: How to extract value from a gas portfolio. Why speedy evaluation of opportunities is critical. Why teamwork is important. Applying all the trading concepts learnt across a portfolio.
Simulations: Working as a team, the delegates will apply all the trading concepts across a portfolio of gas positions, hedge long term contracts, pipeline arbitrage, seeking storage opportunities and speculatively trading the futures markets with flat price and spreads positions.