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Equity Derivatives 2: Exotic Options and Structured Products

This programme on Exotic Options and Structured Products follows on naturally from the LFS Equity Derivatives 1: Dividends, Swaps and Options course.

The first day of this programme looks at equity exotic options. It starts by considering barrier and binary options and the role they play in a variety of investment products. A detailed analysis is made of how best to price and manage the non-standard risks introduced by these products. The first day then moves on to consider correlation and basket options. It discusses how these features can be used to enhance an exotic product and how correlation products fit into an investment strategy.

The second day focuses on exotic underlyings and equity structured products. It starts by considering dynamic underlyings such as CPPI, risk controlled and risk budgeted indices and the role that these play in the current range of equity products. It then moves on to consider the variety of structured products seen in the equity markets today including capital protected notes, reverse convertibles, cliquets, and accumulators. Applications range from retail investment to equity capital markets and corporate finance. 

Finally, the course takes an in depth look at the autocallable market including structuring, valuation and risk management for this important market sector. The impact of regulation and the latest trends in autocallable features are considered in detail. 

The approach is hands-on and learning is enhanced through many practical exercises covering hedging, valuation and risk management. They use Excel spreadsheets that can be taken away for immediate implementation.

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  • Date:
  • 19th - 20th March 2020
  • Venue:
  • Central London and remotely via LFS LiveLFS Live
  • Fee:
  • £1345 per day

Who The Course is For

  • Equity and Derivative sales, traders, structurers, quants and relevant IT personnel
  • Asset allocation managers
  • Equity portfolio managers
  • Insurance Company investment managers
  • Company finance executives and investment bankers
  • Risk managers, finance, IPV professionals, auditors and accountants

Learning Objectives

  • Learn in detail about Exotic Options – Barriers, Binaries, Correlation and Baskets
  • Become familiar with how to use them, price them and manage risk
  • Understand the various exotic underlyings and structured products – risk controlled indices, reverse convertibles, capital protected notes and accumulators
  • Gain a thorough understanding of the current state of the autocallable market
  • Learn how to use exotic options and structured products in investment management and corporate M&A

Prior Knowledge

Knowledge of Microsoft Excel and a good understanding of equity markets, indices, dividends, swaps and options.


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