Fixed income derivatives trading is a complex financial transaction with the potential for great reward as well as great risk. To get a handle on what's involved in trading, investing in or accounting for such opportunities as equity fixed income derivatives, fixed income credit derivatives and structured income derivative products, look to experts in training.
Because the international fixed income derivative market is booming, you'll find the most popular and respected training resources operating out of London, long a global financial powerhouse. You don't need to travel to Europe to get training for fixed income derivatives, however, though you can if you want; training courses are offered in person in cities around the world, or online through e-learning plans. To learn more about fixed income derivatives:
1. Start with basic training for fixed income derivatives resources.
2. Immerse yourself in intensive professional training and certification for international fixed income derivative trading.
3. Explore opportunities for training in fixed-income derivatives accounting and auditing.
Action Steps
The best contacts and resources to help you get it done
Learn about fixed-income derivatives with basic resources
Training for fixed income derivatives investment, trading or accounting begins with a basic understanding of the principles involved. Make use of online resources, self-study and introductory courses that lay the foundation for more in-depth training in the arcane world of fixed income derivatives.
I recommend: Get a basic fixed income derivatives definition, along with a general introduction to the financial math involved in this form of trading, at
Global Derivatives' Quantitative Finance 101 page. Acquire a copy of John C. Hall's
Options, Futures and Other Derivatives (6th edition), the leading textbook on derivatives, fixed income and beyond, and use it for self-study. Contact the
Global Financial Markets Institute or
Taylor Associates Financial Training for information on basic and intermediate training for fixed income derivatives courses available in traditional or e-learning contexts.
Take advantage of intensive professional level training for fixed income derivatives trading
The global fixed-income derivatives market is booming, and opportunities for intensive advanced training and certification are available worldwide. Designed for investment and finance professionals, these fixed income securities and derivatives courses require a hefty investment in fees, but pay off in fixed income derivative expertise.
I recommend: Euromoney Financial Trading is a leading provider of professional training for fixed income derivatives; opportunities include a 4-day intensive
Fixed Income Instruments Course and a 5-day
Fixed Income Summer School. Be one of 18 participants in an Advanced Derivatives: Pricing & Hedging Training Course from
Ethan Hathaway. To become certified in international fixed income derivative trading, enroll in the International Fixed Income and Derivatives (IFID) certification program administered by the
International Capital Market Association (ICMA); students have 6 months to complete the online certification training, and can sit for the exam in major cities around the world.
Obtain specialized training for fixed income derivative accounting
The rules for fixed income derivatives accounting and auditing are as complex as the stochastic calculus behind fixed-income derivatives trading. Fortunately, you can find accounting training for fixed income derivatives, including introductory seminars and distance learning certification.
I recommend: Take a reasonably priced 1-day course in Accounting for Fixed Income Securities and Derivatives from
Securities Operations Forum; designed for middle management, the course has no prerequisites and offers CPE credits. Increase your career potential by preparing for and passing the Certified Investments and Derivatives Auditor (CIDA) exam through the
Investment Training and Consulting Institute.
Tips & Tactics
Helpful advice for making the most of this Guide
- Because the leading providers of training for fixed income derivatives are located in London, you'll find training costs quoted in British pounds or euros. These firms have a global outreach, however, so ask about converting fees to US dollars and attending training seminars held in US cities.
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