Wall Street Prep
Sat Oct 22, 10a-4p (ET)

Sales & Trading

6-Hour Virtual Boot Camp
Format: Live Virtual
Date: Oct 22
Time: 10a-4p (ET)
CPE Credits: 7

Boot Camp Overview

  • Learn to use Bloomberg the way it’s done on the job
  • Grasp securities trading and derivative trading & hedging with real-word examples
  • Bond math, options pricing, equity option & interest rate swap hedging and more

Designed for finance professionals and those seeking a career in Sales & Trading, this 3-Day boot camp teaches how securities and derivatives are priced, traded and hedged by S&T professionals.

Trainees learn the ins and outs of Bloomberg and key skills of the S&T job function such as delta hedging and proxy hedging for derivatives.

This boot camp is not an academic or “at-home trading” course. It is taught by experienced Wall Street traders and is the same training used prepare new hires in Sales & Trading at some of the world’s top financial institutions.

Agenda

Day 1
Financial Markets, Economics and Foreign Exchange Designed by practitioners to provide an overview of Financial Markets and showcase applications of Economics on Wall Street. We explore how markets are actually traded, bid-offers and supply and demand dynamics. We decode jargon and separate economic noise from indicators that actually matter. The trading simulation allows us to put our knowledge to the test, focusing on actual skills required by Wall Street Flow Traders and Market Makers. We conclude the day with Foreign Exchange, linking FX concepts to macroeconomics and going through actual FX trades and calculations.
Day 2
Equity Market and Option Theory We expect most participants interested in Sales and Trading to have traded stocks in your personal brokerage account. We’re not going to teach you which stocks to buy, but how the exchanges and how the Wall Street trading floor actually works. We’ll show you how financing and Prime Brokerage play a role into how the markets function. We’ll explore the Delta One Markets and the interactions between Stocks, Futures, ETFs and TRS. Volatility and Options are next, covering Option Theory well beyond what is tested for the Series 7. We spend time not only analyzing the Greeks to arrive at the correct option price, but also how to delta hedge an option and risk manage it afterwards. We conclude the day focused on Convertible Bonds and Structured Notes to apply option theory beyond vanilla options.
Day 3
Fixed Income Fundamentals Bond math is typically taught horribly with many “textbook experts” never having sold a bond before. This course is taught by actual bond traders using examples on a product by product basis. The goal is to teach bond math without being overly technical, focusing on the skills required on a day to day job. The Bloomberg Terminal is used to run the key calculations, with the instructor explaining the math behind the function. During the afternoon, we demystify Interest Rate and Credit Derivatives not only covering mechanics and conventions, but also how they are traded and hedged. We discuss proxy hedges, cost and speed of hedging to place participants in the seat of a trader.
Online
Pre-Seminar Excel training

This boot camp assumes proficiency in Excel. Enrollment includes access to our popular Excel Crash Course for those who need an Excel refresher.

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Wall Street Prep training is used at ...

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Who is this boot camp for?

  • Salespeople, structurers, traders and researchers
  • Hedge fund associates, asset managers and other investment professionals
  • Finance and quantitative students seeking a career in S&T
  • Investment bank quants, mid-office and risk professionals
  • Anyone seeking to understand how Wall Street Traders trade

Boot Camp Details

Revisit what you learn This virtual seminar will be recorded and available for you to review any time from your Wall Street Prep learning dashboard.

This 3-day seminar covers foreign exchange, equities and fixed income and provides an overview of financial markets and economics in the context of a real-world sales and trading role. Led by an experienced trader, this is an applied course focused on real-world examples of stocks, bonds and derivatives. The interactive seminar uses group exercises and trading simulation to give real-world context to concepts discussed in the classroom.

Instructor

Eric CheungThis course is taught by Eric Cheung, a Capital Markets professional with 10 years of experience at J.P. Morgan across Trading, Structuring, Capital Markets and Cross Asset Sales. Eric brings global work experience from New York, London, Hong Kong and Tokyo and real world experience across Equities, Fixed Income, Currencies and Commodities.

What’s Included?

Comprehensive training materials (manuals and exercises), detailed reusable modifiable Excel templates for reviewing bond math and option theory, and unlimited e-mail support for content-related questions for 12 months post-seminar.

What to Bring

Laptop, Notepad, and Calculator.

Prerequisites

This seminar presumes knowledge of financial accounting (at least 1 semester or equivalent). Participants without this background are encouraged to enroll in and complete the Accounting Crash Course prior to attending the seminar.

CPE Credit

CPE logoWall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Cancellation Policy

Participants may cancel up to 3 weeks prior to the event for a full refund. A 20% cancellation fee will apply up to 1 week prior to the event. No refunds will be granted for cancellations made within 1 week of the event. Wall Street Prep reserves the right to cancel the seminar if enrollment is insufficient. Trainees will be refunded in full in the event of a cancellation.

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Trainee Reviews

"Great in-depth view of S&T! The exercises and simulations were pointed and relevant and Eric was knowledgeable, patient and personable, which made an otherwise dry topics quite entertaining. Loved it."
Davis K.
"It’s a great overview of the practical things we need to know on the desk. This training went well with with the general training [my company] gave us, but I feel more prepared for my specific role now."
Raymond F.
"Very informative! I have learned more in two days with Eric than then in seven days of [my company’s] S&T internship program."
Jon K.
"This course covers a lot of material in a short amount of time. Eric did a very good job engaging everyone and kept it interesting and entertaining."
Hansen L.
"Highly relevant to the job. Presenter is very experienced in the field."
Kelvin L.
"I feel so much faster with Bloomberg — monitoring the markets, finding data, calculations, etc. Would highly recommend this course."
Gregory P.

Why attend a boot camp?


  • Comprehensive training

    Our live courses pulls no punches. Each boot camp is the same intensive training used to prepare incoming analysts at top financial institutions.


  • Learn by doing

    Attendees “learn by doing” by working through practical exercises and building financial models from scratch using real case studies.


  • Networking opportunity

    Boot camps provide an opportunity to network with MBAs and professionals from industries including investment banking, corp dev and FP&A.


  • Experienced instructors

    Our instructor-practitioners are experienced bankers who give real-world context by connecting training to their own experience on the desk.


  • Excel Mastery

    Our training reinforces speed, efficiency and consistency in Excel that investment banking analysts are expected to have on Day 1.


  • Continuing ed & webinars

    Enrollment to most boot camps includes access to our continuing education online training platform and webinar series.

CPE logo

Earn 7 CPE Credits for this Seminar

CPE logo Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Questions? We're standing by.

To learn more about this boot camp, fill out the form below or call us at: 617-314-7685

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