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    Certificate in Derivatives Market Strategies (CDMS)

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    The CDMS will help you unlock the complex world of derivatives, gain recognition for your expertise, and advance your career.

    What will I gain with the CDMS?

    • With derivatives a fast growing financial instrument category, demonstrate that you have achieved an advanced, global standard in developing strategies for their use.
    • Build your knowledge of exchange-traded derivatives products and OTC derivatives and their various product characteristics and applications.
    • Gain an in-depth understanding of the various underlying markets which key derivative instruments are based on and in which they are frequently used.
    • Attain the skills to unravel the technical complexities of derivatives into actionable knowledge that can be immediately applied in your current role or assist your career progression.
    • Gain recognition for specialized knowledge and qualifications in the advanced concepts of both exchange-traded and over-the-counter (OTC) derivative investments and their applications.

    How is the CDMS tailored to my learning needs?

    • Consists of 6 e-learning modules that comprise the Advanced Derivatives Market Strategies Course
    • To be eligible for the CDMS proctored examination students will need to complete the end of module quizzes for each of the six modules
    • Recognition for each module following completion of the module's online test is provided through the issuance of Moody’s Notice of Completion that is emailed to the student.
    • Course Materials can be easily accessed and studied through mobile devices
    • To achieve the CDMS, students must complete the in-person exam which is 3 hours in duration.
    • Estimated study time is in the 60 to 80 hour range.

    Who is taking the CDMS?

    • Trading Desk Professionals
    • Research Analysis
    • Investment Advisory Roles
    • Institutional Sales
    • Risk Management
    • Conventional & Alternative Portfolio Management
    • Structured Product Development
    • Treasurer Roles

    About CDMS

      The Certificate in Advanced Derivatives Market Strategies consists of Six modules and a final certification exam. Below is a breakdown of the topic areas for each of the modules:

      1. An Overview of Derivatives

      Candidates will be able to identify the key features of derivatives, understand its evolution, and note the similarities and differences among the various types of derivatives, including forward- and option-based and exchange-traded and OTC derivatives.

      2. Understanding Underlying Markets

      Understand the structural foundations and the various supply and demand factors affecting markets that underlie the most significant international derivatives contracts. Some of the markets examined include crude oil, natural gas, gold, agricultural commodities, interest rates and foreign exchange.

      3. Pricing of Forward and Option-Based Contracts

      This module provides advanced coverage of the unique aspects of pricing of both forward and option-based derivatives. In addition, the module covers the unique pricing features of each of the various financial, energy, metal and agricultural derivatives.

      4. OTC Derivatives

      This module provides advanced coverage of interest rate, currency, equity and commodity swaps, forward rate agreements, and OTC options such as caps, floors and collars. It helps understand how these instruments are structured, traded, priced and used.

      5. Advanced Trading Techniques Using Derivatives

      The module explains how options are priced and how they are used to create bull and bear spreads. In addition, you will learn about volatility, income, and hedging strategies, and about how technical analysis can be used as a tool for both options and futures trading.

      6. Advanced Risk Management and Product Structuring Techniques Using Derivatives

      This module explains how derivative instruments are used to mitigate interest rate, currency, equity, energy, metal, and agricultural price risk faced by organisations involved in these underlying markets. It covers option- and forward-based derivatives and exchange-traded and OTC derivatives. The module concludes by describing the benefits and risks of this increasingly common use of derivatives to investors.

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