NCFM Derivatives Market (Dealers) case studies
NCFM Derivatives Market (Dealers) · Put your knowledge to work in context.
The NCFM Derivatives Market (Dealers) module is one of the certification modules listed under NCFM, the certification programme delivered through the NCFM Portal by NAL Academy Limited (formerly known as NSE Academy Limited), an NSE group company. Candidates register through the "Get started for NCFM" process and select the module from the NCFM Certification Modules listing. The NCFM Derivatives Market (Dealers) case studies are 5 cases and about 3,993 words.
1Index futures basis: cheap or just illiquid?
A dealer on the institutional derivatives desk is reviewing a roll request from a corporate treasury client. The client holds 400 long Nifty 50 futures contracts, lot size 25, and wants to roll them to the three-month contract.
772 words, about 4 min2Working a large weekly option order without moving the market
A dealer on the institutional sales desk receives an urgent request from an FII client at 1:40 p.m. The client wants to buy 2,500 lots of the Nifty 24,900 weekly call expiring in three trading sessions.
792 words, about 4 min3Expiry-day calendar spread: when the margin benefit disappears
A proprietary trading firm clears through a clearing member. On the morning of expiry, the firm holds 400 lots long Nifty 24,800 calls expiring that day and 400 lots short Nifty 25,200 calls expiring next week.
796 words, about 4 min4Order-to-trade ratio breach or layering?
A proprietary desk runs a low-latency algorithm in Bank Nifty weekly options. On a volatile day, the algorithm sends 42,000 orders and executes 1,050 trades.
741 words, about 4 min5A 'safe' put-selling strategy for a conservative retiree
A relationship manager at a full-service broker is paid a higher trail commission on derivative strategies than on fixed deposits. He recommends that a 68-year-old retired teacher, whose only income is a pension and whose risk profile is 'conservative', invest ₹18 lakh of her ₹45 lakh retirement corpus in a 'monthly income' strategy.
892 words, about 4 min