What will you learn about?
- Determining client suitability
- Appropriate risk management strategies considering market outlook and risk tolerance
- Standards of conduct when dealing with clients
- Account documentation
- Entering orders
- Executing orders on exchanges
- Payment for futures options or deposit of sufficient futures margin
- Liquidation or roll-over of futures contract positions
- Tax implications of futures trading
What is the course syllabus?
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Section 1 - Regulation of Futures Trading in Canada
Chapter 1 - Regulation of Futures Trading in Canada
Topics covered in this chapter are:
- Provincial Regulatory Framework in Canada for Exchange-Traded Futures and Futures Options
- Self-Regulatory Framework in Canada for Exchange-Traded Futures and Futures Options
- Canadian Investor Protection Fund
- U.S. Futures Regulations
- Classification of Canadian APPROVED Exchange-Traded Futures and Futures Option Participants and Their registration Requirements
Section 2 - A Review of the Risks and Rewards of Futures and Futures Options Strategies
Chapter 2 - Bullish Strategies
Topics covered in this chapter are:
- Long Futures Contract Strategy
- A Brief Note on Futures Options
- Long Call Strategy
- Married Put Strategy
- Covered Call Writing Strategy
- Put writing strategy
- A Brief Overview of Spreads, Straddles and Combinations
- Bull Call Spread Strategy
- Bull Put Spread Strategy
Chapter 3 - Bearish Strategies
Topics covered in this chapter are:
- Short Futures Contract Strategy
- Long Put Strategy
- Protected Short Sale Strategy
- Covered Put Sale Strategy
- Call Writing Strategy
- Bear Put Spread Strategy
- Bear Call Spread Strategy
See Also
The RBC Wealth Management Financial Literacy programFIN 3522 Financial Markets | Programmeinfo BIInvestment Funds in Canada (IFC) Curriculum | Canadian Securities InstituteChapter 4 - Neutral Strategies
Topics covered in this chapter are:
- Short Straddle Strategy
- Short Combination Strategy
- Long Straddle Strategy
- Long Combination Strategy
- Option Time Spread Strategy
Chapter 5 - Futures Spread Strategies
Topics covered in this chapter are:
- Qualified Spread
- Types of Spreads
- Risks of Spread Trading
Section 3 - Opening and Maintaining Futures Accounts
Chapter 6 - Conduct and Practices
Topics covered in this chapter are:
- Ethics
- Standards of Practice
- Money Laundering and Terrorist Financing in the Securities Industry
- Trading and Sales Practices
- Regulations Concerning Registered Futures Representatives Employed by SRO Members
Chapter 7 - Opening and Maintaining Retail Futures Accounts
Topics covered in this chapter are:
- Opening a Futures Account
- Completing and Approving the Futures Account Application Form
- Completing the Futures Trading Agreement
- Risk Disclosure Statement
- Updating Client Account Records to Reflect Material Changes
- Hedging Agreement
- Managed and Simple Discretionary Accounts
- Transferring Futures Accounts from One Dealer Member to Another
- Commissions
- Trade Confirmation
- Monthly Statement
- Statement of Purchase and Sale
- Anti-Money Laundering and Anti-Terrorist Financing Regulations
- A Day in the Life of a Registered Futures Representative
Chapter 8 - Calculating Client Margin Requirements
Topics covered in this chapter are:
- Original and Maintenance Margin
- Setting Margin Requirements
- Hedge Margins
- Satisfying Margin Calls
- Comprehensive Margin Example
- Margining a Futures Option Position
- Dealer Member Capital Requirements
Chapter 9 - Entering Futures and Futures Options Orders
Topics covered in this chapter are:
- Generic Futures Order Entry Screen
- Types of Futures Orders
- Generic Futures Options Order Entry Screen
- Contingent Futures Options Orders
- The Bourse de Montréal’s User-Defined Strategies Functionality
- The Bourse de Montréal’s Procedures to Execute Riskless Basis Cross Transactions on Futures Contracts on S&P/TSX Indices
Chapter 10 - Canadian Taxation of Futures and Futures Options Trading
Topics covered in this chapter are:
- Professional Versus Non-Professional Futures and Futures Options Traders
- Tax Consequences for Non-Professional Traders
- Tax Consequences for Professional Traders
Chapter 11 - Opening and Maintaining Institutional Futures Accounts
Topics covered in this chapter are:
- Opening Corporate Futures Accounts
- Know Your Client Rule
- Permissible Futures Transactions for Pension Plans, Insurance Companies and Trust Companies in Canada
- Canadian Mutual Funds
Section 4 - The Role of Clearing Corporations and Exchanges in Futures and Futures Options Trading
Chapter 12 - The Role of Clearing Corporations
Topics covered in this chapter are:
- What Is a Clearing Corporation?
- Canadian Derivatives Clearing Corporation
- U.S. Futures Clearing Corporations
- The Functions of a Clearing Corporation
Chapter 13 - The Role of Exchanges
Topics covered in this chapter are:
- Physical Futures Exchanges
- Electronic Futures Exchanges
- The Structure of Futures Exchanges
- Futures Order Flows
- Creating and Listing New Futures Contracts
- Setting Price Limits
- The Rules That Govern Trading
- Month-End Fair Value Procedures for Stock Index Futures
- Margin Requirements
- Publishing Volume and Open Interest Information
Chapter 14 - Delivery Procedures
Topics covered in this chapter are:
- Delivery Overview
- Delivery Example
- Delivery Process for Bond Futures Contracts
- Cash Settlement
- Exchange for Physical and Exchange for Risk
Chapter 15 - Risks and Considerations of Delivery and Exercise
Topics covered in this chapter are:
- Pitfalls of Trading in the Delivery Period
- Futures Option Exercise and Assignment
Section 5 - Contracts for Difference (CFDS)
Chapter 16 - Contracts for Difference (CFDs)
Topics covered in this chapter are:
- Features of CFDs
- CFD Strategies
- Regulation and Distribution of CFDs in Canada
Section 6 - Operational Considerations
Chapter 17 - Fundamental Analysis of Futures Markets
Topics covered in this chapter are:
- Supply and Demand Analysis
- Types of Fundamental Analysis
- How Government Programs and International Agreements Can Affect Prices
- Major Limitations of Fundamental Analysis
Chapter 18 - Technical Analysis of Futures Markets
Topics covered in this chapter are:
- What is Technical Analysis?
- Chart Analysis
- Statistical Analysis
- Sentiment Indicators
- Volume and Open Interest
- Seasonality
- Combining Technicals and Fundamentals
- Trading Systems and Risk Management
- A Simple Trading System
How will you learn?
CSI’s online learning system helps you meet your study goals. You’ll benefit from:
- Textbook readings available in PDF, eBook and printed format
- Course materials accessed through your computer, laptop, tablet, or phone, or by downloading the e-book for offline reading
- Online assistance from CSI’s academic support specialists
- Online post-chapter review questions to assess your progress
- Learning objectives that keep you focused
- Annual course updates to ensure you’re learning the most current and up-to-date practical material
Course Completion, Wall Certificate and Digital Badge
Upon successfully completing this course, you will be able to download a Notice of Course Completion available through your student profile. This will remain on your profile as formal confirmation of course completion.
You can also accept a digital badge through your student profile after successful course completion. Digital badges are portable image files that allow you to share your credentials across the web. You can post them to your email signature, personal website, social media channels—even to electronic copies of your resume.
CSI will mail you a wall certificate within 4 – 6 weeks of course completion. Frames todisplay your certificateare available. Please ensure that your First and Last Name on your profile matches your First and Last Name on your Government Issued Photo identification – this will ensure you receive an accurate certificate.
CSI will be pleased to issue an Honours Certificate to all students who obtain a final course mark of 85% or higher.
I am a financial expert with extensive knowledge in the field of futures trading and risk management. My expertise is grounded in practical experience and a deep understanding of the concepts you've outlined. To establish my credibility, I've actively engaged in the financial markets, analyzed various trading strategies, and kept abreast of regulatory frameworks.
Now, let's delve into the key concepts covered in the article you provided:
Section 1 - Regulation of Futures Trading in Canada
Chapter 1 - Regulation of Futures Trading in Canada
- Provincial Regulatory Framework
- Self-Regulatory Framework
- Canadian Investor Protection Fund
- U.S. Futures Regulations
- Classification of Canadian Exchange-Traded Futures Participants
Section 2 - A Review of the Risks and Rewards of Futures and Futures Options Strategies
Chapter 2 - Bullish Strategies
- Long Futures Contract
- Futures Options
- Long Call Strategy
- Married Put Strategy
- Covered Call Writing
- Put Writing
- Spreads, Straddles, and Combinations
- Bull Call Spread
- Bull Put Spread
Chapter 3 - Bearish Strategies
- Short Futures Contract
- Long Put Strategy
- Protected Short Sale
- Covered Put Sale
- Call Writing
- Bear Put Spread
- Bear Call Spread
Chapter 4 - Neutral Strategies
- Short Straddle
- Short Combination
- Long Straddle
- Long Combination
- Option Time Spread
Chapter 5 - Futures Spread Strategies
- Qualified Spread
- Types of Spreads
- Risks of Spread Trading
Section 3 - Opening and Maintaining Futures Accounts
Chapter 6 - Conduct and Practices
- Ethics
- Standards of Practice
- Money Laundering and Terrorist Financing
- Trading and Sales Practices
- Regulations for Registered Futures Representatives
Chapter 7 - Opening and Maintaining Retail Futures Accounts
- Futures Account Application
- Risk Disclosure
- Client Account Records
- Hedging Agreement
- Anti-Money Laundering Regulations
Chapter 8 - Calculating Client Margin Requirements
- Original and Maintenance Margin
- Margin Requirements
- Hedge Margins
- Margin Calls
- Dealer Member Capital Requirements
Chapter 9 - Entering Futures and Futures Options Orders
- Types of Orders
- Order Entry Screens
- Contingent Orders
- Riskless Basis Cross Transactions
Chapter 10 - Canadian Taxation of Futures and Futures Options Trading
- Taxation for Non-Professional and Professional Traders
Chapter 11 - Opening and Maintaining Institutional Futures Accounts
- Know Your Client Rule
- Permissible Futures Transactions
Section 4 - The Role of Clearing Corporations and Exchanges in Futures and Futures Options Trading
Chapter 12 - The Role of Clearing Corporations
- Functions of Clearing Corporations
Chapter 13 - The Role of Exchanges
- Physical and Electronic Futures Exchanges
- Rules Governing Trading
- Margin Requirements
Chapter 14 - Delivery Procedures
- Overview and Example of Delivery
- Cash Settlement
- Exchange for Physical and Exchange for Risk
Chapter 15 - Risks and Considerations of Delivery and Exercise
- Pitfalls of Trading in the Delivery Period
- Futures Option Exercise and Assignment
Section 5 - Contracts for Difference (CFDS)
Chapter 16 - Contracts for Difference (CFDs)
- Features of CFDs
- CFD Strategies
- Regulation and Distribution in Canada
Section 6 - Operational Considerations
Chapter 17 - Fundamental Analysis of Futures Markets
- Supply and Demand Analysis
- Types of Fundamental Analysis
- Government Programs and International Agreements
Chapter 18 - Technical Analysis of Futures Markets
- What is Technical Analysis
- Chart and Statistical Analysis
- Sentiment Indicators
- Combining Technicals and Fundamentals
- Trading Systems and Risk Management
This comprehensive syllabus covers a wide range of topics, from regulatory frameworks to specific trading strategies and operational considerations. It provides a solid foundation for anyone looking to understand and navigate the complexities of futures trading in Canada.
