Hedging with LME Options One Day | London Metal Exchange

About the course

This one-day introductory course will provide you with an overview of the London Metal Exchange (LME) and teach you how to use LME options to manage your price risk. This training programme offers an unparalleled opportunity to learn directly from the LME on how best to use LME options in order to benefit your business. You will learn how to use options effectively to mitigate risk by understanding LME pricing and hedging and working through relevant examples.

Classroom and virtual training

We offer our courses both in a classroom environment and virtually.

All our courses, classroom and virtual, are trainer-led and offered in four locations or time zones: London, New York, Singapore, Dubai or their equivalent time zones. You will receive learning materials and if in London, have an opportunity to visit the Ring.

Why attend?

Access the most comprehensive education regarding the LME ecosystem.
Get to grips with LME pricing, hedging and delivery.
Gain an in-depth understanding of hedging with LME options.
Get invaluable insight brought to you first hand by our expert trainers.
Work through relevant and practical examples to apply directly to your business.

Who should attend?

Whether you are a current user looking to understand how to use the LME more effectively, or a potential user looking to understand why and how to using LME services could benefit your business, this course is for you.

We strongly recommend that if you have no prior knowledge of the LME, you also attend our ‘Introduction to the LME: One Day’ course. The understanding gained from this course will give you the context necessary to grasp fully how to hedge with options on the LME.

This course could benefit:

Anyone who wishes to develop a practical understanding of hedging with LME Options
new traders on the LME
metal producers and consumers, in particular trading, risk management, procurement and finance departments
physical traders and merchants
anyone with exposure or interest in metals prices and metals trading.

Contact us

For further information please email our Education team.

Start time: 09.00
Finish time: Approximately 17.00

During the one-day introductory course on hedging with LME options, you will cover:

Introduction to options terminology
examples using physically settled options
examples using cash-settled options
risk implications and motives
trading combinations
options pricing.

Emma Jenkins

Emma has a First Class Honours degree and gold medal in Mathematics from Trinity College, Dublin, and over 20 years of banking experience.

She commenced her banking career with Goldman Sachs and initially her roles were mathematically focussed and she worked as a quantitative analyst on swaps, interest rate options and FX desks implementing pricing and risk management models for traders, salespeople and risk managers.

She became involved in commodity markets in the late 1990s when she joined Credit Suisse in Sydney as a marketer of structured gold derivative products. Shortly thereafter she transferred to the London office and was instrumental in the integration of the short-date flow and structured derivatives businesses.

At Credit Suisse, she developed her specialised commodity skills through vanilla and structured transactions on a physical and paper basis with the spectrum of participants in the metals markets, in both derivative and lending markets.

She subsequently moved to Macquarie Bank as a director specialising in precious and base metals derivatives sales. Her clients used both LME futures and OTC derivatives. She worked closely with the bank's base metals traders to determine how the bank would hedge exotic OTC derivatives with LME futures.

Areas of expertise:

Structuring commodity derivatives strategies to mitigate price risk.
Valuation and risk analysis of derivatives.
Communicating complex concepts in a straight forward, clear and effective manner.

How to book

Our LME Education courses are run in conjunction with Euromoney Learning and all courses are booked via their website.

To book onto this course:

Click the ‘Book now’ button below, this will take you to the Euromoney website.
Ensure that you are on the correct course page by checking the course title at the top.
Select your course via the drop down on the right-hand side of the page.
Check that the location, date and duration of the course are correct.
Click the blue ‘Book now’ button on the Euromoney website. This will take you to the final booking and payment pages for you to secure your place.

Book now

Testimonials

“A robust, interactive, and engaging course. I found the experience really fascinating and this course went above and beyond my initial expectations.”- Nanhua Financial

“Astonishing. There was so much information and it didn’t feel like a video conference. It felt like you were in the room with me”- IMR Metal Powder Technologies

“Well designed and very interesting course about LME hedging. Special kudos to the trainer who was always open to answer any hedging related question. Highly recommend!”- Sberbank

“I gained the understanding of the foundation of the markets and things started to fall into the right place.”- Natixis

“Emma did a great job adapting the course to the webinar format and also interacting with participants.”- Vale

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