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Upcoming Seminars



Program Title
Date
Location
Technical Analysis for Energy May 7-8, 2008 New York Mercantile Exchange
Energy Trading Fundamentals June 24-25, 2008 New York Mercantile Exchange
Technical Analysis for Energy August 14-15, 2008 New York Mercantile Exchange
Coal – Introduction to Trading and Hedging October 28-29, 2008 New York Mercantile Exchange
Energy Risk Management November 18-19, 2008 New York Mercantile Exchange
Energy Futures, Options and Derivatives December 16-17, 2008 New York Mercantile Exchange





 

Technical Analysis for Energy - NYC
May 7-8, 2008

Course Description

Technical analysis can add enormous value to trading strategies, but a lack of understanding can easily lead to adverse results. It is important that traders and risk managers be knowledgeable about the latest tools, techniques, and tactics for trading and hedging. This course explains the derivation, applications, strengths, weaknesses, and variations of the major technical indicators and techniques.

Participants will gain an understanding of:
  • A definition of technical analysis, how the tools and techniques work, and how they can be applied to the energy and metals industries
  • A view of the main elements of technical analysis used for trading discipline, quantifying, and managing risk
  • Coordinating technical and fundamental analysis
  • Using trend lines, Japanese candlesticks, support and resistance, and retracement levels
  • How to analyze and use volume and open interest
  • The characteristics of the Elliot wave theory and Gann
  • Calculating and using moving averages and MACD
  • Using parabolics, stochastics, relative strength indicators, momentum, Bollinger bands, and other technical tools
  • Combining indicators and approaches
  • Hedging with technical analysis
  • Speculating with technical analysis
  • Eliminating downside risk without limiting upside potential
  • Knowledge through real world trading and hedging examples using real time data with a market-to-market evaluation
  • Exposure to the working of the Exchange from back office to experiencing trading on the floor of the largest energy market forum in the world
Trading and hedging objectives will be discussed along with various strategies using the various technical analysis tools and techniques. This will allow each participant to develop his own trading and hedging strategies.

Course Instructor

Dominick Chirichella has more than 30 years of experience in commodity trading, risk management, education, consulting, and financial services, including managing marketing, international trading, manufacturing, consulting, start-up operations, and project finance operations for integrated major oil companies and international trading companies. Mr. Chirichella helped Texaco initiate its first use of futures exchanges as an integral part of its hedging and trading strategy. He was the chief operating officer at Triwell Marketing and Refining and led the Oil Price Information Service management-consulting and educational services group that focused on the downstream energy industry. He was a member of board of directors of Longview Refinery, and served on the New York Mercantile Exchange petroleum advisory committee.

Mr. Chirichella has developed a series of courses covering all aspects of the energy industry from crude oil production to managing the impact of oil prices and price volatility on the margins of refiners, resellers, traders, marketers, retailers and end-users. He has instructed hundreds of professionals from all facets of the industry representing major oil companies, independent marketers, and industrial and commercial energy consumers.


 
Course Location

New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101

Course Fee: $1,895

Request course syllabus and brochure.

Register online for the course.

 
Energy Trading Fundamentals
June 24-25, 2008
 

Course Description

Do you trade a little, trade a lot, support those operations or manage them than now is the time to expand the depth of your knowledge. This intensive two-day course covers many topics that are of special interest to energy traders of all of the energy commodities and more. The session has been designed from the perspective of an energy trader. The course moves logically from a macro overview of the basic concepts to advanced topics with many trading examples. The program is filled with an extraordinary amount of valuable information for traders at all levels. This session will focus on the use of conventional futures & options strategies as well as physicals and OTC. The session will use a series of examples (using current market data) to demonstrate the use of the principles of trading at every level of the energy infrastructure.

This critical 2-day course will give you an integrated framework for trading energy instruments from both a physical and financial perspective. During this course the attendees will achieve a very rigorous understanding of the what, who, and how of successfully trading energy instruments. This course assumes the attendee has some basic understanding of energy trading. The program will use energy examples in each session with current Nymex data. The course is designed to help traders, managers and trading support personnel in the energy industry gain a more detailed understanding of what all of the instruments, tools & techniques available for energy trading.

You will leave this course with a solid and immediately understanding of:
  • The basics and fundamentals of energy trading
  • The vocabulary of trading
  • The what , why, how & who of trading
  • The market participants
  • Technical & fundamental analysis and trading techniques
  • Market behavior
  • System development & testing
  • Advanced techniques
  • Combining fundamental & technical analysis
  • All about NYMEX
  • Real time trading examples for all products in the energy infrastructure using the various technical tools & techniques
  • Visit to the NYMEX to view first-hand real time trading as it occurs
  • What the various energy trading instruments, tools & techniques are and what is encompassed in the profession of energy trading, how all of the tools & techniques work and how they can be applied to the development of a successful trading program
  • All of the technical tools & techniques at your disposal to trade & manage the ongoing volatility and the price impact of the various energy markets
  • A view of the main elements of technical analysis used for trading discipline, quantifying and managing risk, and coordinating with fundamental analysis
  • How to combine indicators and approaches
  • Trading with technical & fundamental analysis
  • Mechanical trading system development:
    • Trend-following
    • Counter-trend
    • Combining non correlated trading systems
Based on the above approach and the attendee's exposure, specific trading objectives will be discussed along with various strategies using both traditional and financial instruments. This will allow the attendee to develop their own specific trading strategies most suited to meet the objectives of their companies using the knowledge based learned in the program.

Course Instructor

Mr. Dominick Chirichella has over 30 years of knowledge and experience in all facets of the complex — energy, commodity trading, risk management, education, consulting and financial services — including many years of managing marketing, international trading, manufacturing, consulting, start-up operations and project finance operations of well know companies; integrated major oil companies as well as international trading companies. Dominick helped Texaco initiate its first use of futures exchanges as an integral part of hedging/trading strategy. He was the Chief Operating Officer position at Triwell Marketing and refining. Lead the OPIS, Oil Price Information Service management-consulting and educational services group that solely focused on the downstream energy industry. Member of Board of Directors of Longview Refinery, 1988 Member of the New York Mercantile Exchange Petroleum Advisory Board, 1987-88.

Over the years Dominick has developed a series of intensive courses covering all aspects of Energy from production all the way to managing the impact oil price and volatility on the margin of end-users, resellers, traders, marketers, shippers, retailers and refiners. Dominick has had the privilege to instruct thousands of individuals representing all aspects of the energy industry, including every major oil company (i.e. Exxon Mobil, BP, Shell, Equilon, Motiva) small marketers (i.e. Sprague, Getty, Southern Counties, Western Petroleum) trucking fleets from 50 to 10,000 (i.e. UPS, U.S. Postal Service, Yellow, Pepsi, Werner), gasoline powered fleets hyper-markets (i.e. The Pantry, Wawa, BJs Wholesale) and many Fortune 500 energy consumers.

Simulated Trading on the Trading Floor

Step onto the NYMEX Floor for our exclusive "Mock Trading" exercise. The NYMEX trades all energy contracts - crude oil - petroleum products - natural gas - propane - electricity. In addition the NYMEX recently merged with COMEX - the metal exchange. Since the New York Mercantile Exchange was founded in 1872 with 62 dairy merchants and for more than 125 years the NYMEX pits have been centers of drama, history, and financial excitement. Our program offers a first hand experience of the live action of the day's futures & options trading in the actual NYMEX trading pit. Determine if it is time for you to give up your day job and become an actual futures floor trader!

 
Course Location

New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101

Course Fee: $1,895

Request course syllabus and brochure.

Register online for the course.

 
Technical Analysis for Energy
August 14-15, 2008
 

Course Description

Technical analysis can add enormous value to trading strategies, but a lack of understanding can easily lead to adverse results. It is important that traders and risk managers be knowledgeable about the latest tools, techniques, and tactics for trading and hedging. This course explains the derivation, applications, strengths, weaknesses, and variations of the major technical indicators and techniques.

Participants will gain an understanding of:

  • A definition of technical analysis, how the tools and techniques work, and how they can be applied to the energy and metals industries
  • A view of the main elements of technical analysis used for trading discipline, quantifying, and managing risk
  • Coordinating technical and fundamental analysis
  • Using trend lines, Japanese candlesticks, support and resistance, and retracement levels
  • How to analyze and use volume and open interest
  • The characteristics of the Elliot wave theory and Gann
  • Calculating and using moving averages and MACD
  • Using parabolics, stochastics, relative strength indicators, momentum, Bollinger bands, and other technical tools
  • Combining indicators and approaches
  • Hedging with technical analysis
  • Speculating with technical analysis
  • Eliminating downside risk without limiting upside potential
  • Knowledge through real world trading and hedging examples using real time data with a market-to-market evaluation
  • Exposure to the working of the Exchange from back office to experiencing trading on the floor of the largest energy market forum in the world
Trading and hedging objectives will be discussed along with various strategies using the various technical analysis tools and techniques. This will allow each participant to develop his own trading and hedging strategies.

Course Instructor

Mr. Richard Weissman has provided training and consultation services to traders and risk managers at financial services firms, investment banks, hedge funds and energy companies for over thirteen years. He has been the featured speaker at leading industry-wide conferences throughout the world on topics including technical analysis, derivatives, risk management, trading system development, implementation of hedging strategies and trader psychology. In addition, Mr. Weissman has eighteen years experience as a derivatives trader. He began his trading career as the President of R. Lloyd Associates (former members of the New York Futures Exchange), where he focused on the development and implementation of mechanical trading systems that were applicable to all trading vehicles and timeframes. In 2004, John Wiley & Sons published Mr. Weissmans book, Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis.

Course Location

New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101

Course Fee: $1,895

Request course syllabus and brochure.

Register online for the course.


 

 
Coal – Introduction to Trading and Hedging
October 28-29, 2008
 

Course Description

The course is designed to help traders, hedgers, managers and support personnel in the coal industry gain a more detailed understanding of what all of the instruments, tools & techniques available for coal hedging & trading.

Successful coal trading & hedging can add an enormous value to a firm, a lack of understanding can easily lead to disastrous results. It is therefore, vital for participants to be knowledgeable about the latest tools, techniques and tactics available for.

You will leave this course with a solid and immediately useful understanding of:

  • A thorough understanding of the fundamentals of the coal market
  • A thorough understanding of the various mechanisms of physical and OTC instruments for use in trading & hedging
  • The who, what, where & why to employ risk management in the coal sector
  • How all of the tools & techniques work and how they can be applied to the development of a successful program
  • Transportation techniques as applied to both trading & hedging coal
Based on the above approach and the attendees exposure, specific trading & hedging objectives will be discussed along with various strategies using both traditional and financial instruments. This will allow the attendee to develop their own specific strategies most suited to meet the objectives of their companies using the knowledge based learned in the program.
  • Fundamentals of the International Coal sector
  • The vocabulary of coal trading & hedging
  • The what , why, how & who of coal
  • Primary coal production locations and trends
  • The important quality factors
  • The market participants
  • Coal supply & trading activities
  • Market behavior
  • Coal supply and trading activities
  • Transportation considerations
  • Coal futures contracts and hedging applications
Trading and hedging objectives will be discussed along with various strategies using the various technical analysis tools and techniques. This will allow each participant to develop his own trading and hedging strategies.

Course Instructor

Mr. Dominick Chirichella has over 30 years of knowledge and experience in all facets of the complex — energy, commodity trading, risk management, education, consulting and financial services — including many years of managing marketing, international trading, manufacturing, consulting, start-up operations and project finance operations of well know companies; integrated major oil companies as well as international trading companies. Dominick helped Texaco initiate its first use of futures exchanges as an integral part of hedging/trading strategy. He was the Chief Operating Officer position at Triwell Marketing and refining. Lead the OPIS, Oil Price Information Service management-consulting and educational services group that solely focused on the downstream energy industry. Member of Board of Directors of Longview Refinery, 1988 Member of the New York Mercantile Exchange Petroleum Advisory Board, 1987-88

Course Location

New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101

Course Fee: $1,895

Request course syllabus and brochure.

Register online for the course.


 
Energy Risk Management
November 18-19, 2008
 

Course Description

This two-day NYMEX Sponsored course will introduce the tools needed to manage energy price volatility and mitigate the impact on profit margins.

The course examines the factors that affect the price and volatility of the energy products markets and how those elements can be used to manage price, volatility, and, most importantly, margins. The course will discuss the relationships of:

  • Market fundamentals
  • Buying and selling
  • Manufacturing and marketing
  • Futures and options
  • Over-the-counter swaps, options, and forwards
  • Techniques to put all of these pieces together
Specific purchasing and risk management objectives will be discussed along with hedging strategies and policies. This will allow attendees to develop their own strategies most suited to meet the objectives of their companies.

The course will also elaborate on the corporate policies, procedures, board resolutions, FASB 133 requirements, and the checks and balances required that would meet the most diligent auditor's requirements.

Executing hedges on the NYMEX Division will be discussed. Individual sessions will include real life examples.

What you will learn: This two-day course will provide an integrated framework for trading energy instruments from both a physical and financial perspective. During this course the attendees will achieve an understanding of the what, who, and how of trading energy instruments. This course assumes the attendee has a basic understanding of energy trading. The program will use energy examples in each session with current Exchange data. The course is designed to help traders, managers, and trading support personnel in the energy industry gain a more detailed understanding of the tools and techniques that are available for energy trading.

The course will cover:
  • Basics and fundamentals of energy trading
  • Vocabulary of trading
  • The what , why, how & who of trading
  • Market participants
  • Technical and fundamental analysis and trading techniques
  • Market behavior
  • System development and testing
  • Advanced techniques
  • Combining fundamental and technical analysis
  • An overview of the New York Mercantile Exchange
  • Real-time trading examples for energy products using the various technical tools and techniques
  • Visit to the Exchange to view trading first-hand
  • The tools available to trade and manage the ongoing volatility and the price impact of energy markets
  • A view of the main elements of technical analysis used for trading discipline, quantifying and managing risk, and coordinating with fundamental analysis
  • Combining indicators and approaches
  • Trading with technical and fundamental analysis
  • Mechanical trading system development
  • Trend-following

Course Instructor

Mr. Dominick Chirichella has over 30 years of knowledge and experience in all facets of the complex — energy, commodity trading, risk management, education, consulting and financial services — including many years of managing marketing, international trading, manufacturing, consulting, start-up operations and project finance operations of well know companies; integrated major oil companies as well as international trading companies. Dominick helped Texaco initiate its first use of futures exchanges as an integral part of hedging/trading strategy. He was the Chief Operating Officer position at Triwell Marketing and refining. Lead the OPIS, Oil Price Information Service management-consulting and educational services group that solely focused on the downstream energy industry. Member of Board of Directors of Longview Refinery, 1988 Member of the New York Mercantile Exchange Petroleum Advisory Board, 1987-88

Course Location

New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101

Course Fee: $1,895

Request course syllabus and brochure.

Register online for the course.




 

Energy Futures, Options and Derivatives
December 16-17, 2008

Course Description

Have you hedged too early? Have you applied the wrong tools for trading? Are you unaware of the myriad of instruments available for trading & hedging and do you know the implications of each tool & technique?  Have you ever wondered how the Nymex actually works and how the Trading floor functions? These are just a few of the questions that will be answered in this action packed comprehensive two-day program.

A short listing of some of the things you will learn & be exposed to follows:
  • The vocabulary of futures & options s
  • The what , why, how & who of futures markets
  • The market participants
  • The mathematics of futures & options premiums
  • All about NYMEX & the IPE
  • Difference & similarities of futures, options and derivatives
  • Real time trading & hedging examples for all products in the energy infrastructure using futures, options & derivatives
  • Correlation & Basis analysis
  • EFP's and Alternate Delivery Procedures
  • Setting up a futures, options or derivatives account
  • Types of exchange orders
  • Margin
  • Brokers
  • Contract specifications
  • Black - Scholes Model
  • Spot & Futures market relationships
  • How Option prices change when market conditions change
  • The latest tools & techniques for risk managers
  • Historical & implied volatility
  • Option pricing relationships
  • History of the Nymex
  • Visit to the Nymex to view first-hand real time trading as it occurs
  • Participation in an actual simulated trading exercise on the floor of the Nymex along side seasoned Nymex traders and floor personnel
Simulated Trading on the Trading Floor

Step onto the NYMEX Floor for our exclusive "Mock Trading" exercise. The NYMEX trades all energy contracts - crude oil - petroleum products - natural gas - propane - electricity. In addition the NYMEX recently merged with COMEX - the metal exchange. Since the New York Mercantile Exchange was founded in 1872 with 62 dairy merchants and for more than 125 years the NYMEX pits have been centers of drama, history, and financial excitement. Our program offers a first hand experience of the live action of the day's futures & options trading in the actual NYMEX trading pit. Determine if it is time for you to give up your day job and become an actual futures floor trader!

Course Instructor


Mr. Richard Weissman has provided training and consultation services to traders and risk managers at financial services firms, investment banks, hedge funds and energy companies for over thirteen years. He has been the featured speaker at leading industry-wide conferences throughout the world on topics including technical analysis, derivatives, risk management, trading system development, implementation of hedging strategies and trader psychology. In addition, Mr. Weissman has eighteen years experience as a derivatives trader. He began his trading career as the President of R. Lloyd Associates (former members of the New York Futures Exchange), where he focused on the development and implementation of mechanical trading systems that were applicable to all trading vehicles and timeframes. In 2004, John Wiley & Sons published Mr. Weissmans book, Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis

Course Location

New York Mercantile Exchange
World Financial Center
One North End Avenue
New York, NY 10282-1101

Course Fee: $1,895

Request course syllabus and brochure.

Register online for the course.

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