Simulation: Unauthorised Trader

This highly interactive simulation gives participants the opportunity to apply their existing knowledge of financial markets, to work as a team, and trade effectively. Participants will each get the opportunity to play the role of a Trader and Contoller. The teams objective is to trade within their risk limits, based on regular market data, capitalising on expected market moves.


For individuals with a working knowledge of fixed income markets and trading

Learning Outcomes

At the end of this course delegates should understand_x000D_
‐ The relationship between front office and middle / back office functions_x000D_
‐ How the pressures on Controllers and Traders can alter their behaviours_x000D_
‐ The role of technology in helping to eliminate risk_x000D_

Course Content

Order-Driven Market_x000D_rn‐ A typical order-driven screen_x000D_rn‐ Client costs_x000D_rn_x000D_rnThe Order Book_x000D_rn‐ Iceberg orders_x000D_rn‐ Dealing away and best execution_x000D_rn‐ Limit orders_x000D_rn‐ Market or ‘at best’ orders_x000D_rn‐ Execute and eliminate_x000D_rn‐ Fill or kill_x000D_rn_x000D_rnExercises: Filling in the order book for a range of order types_x000D_rn_x000D_rnExecution Platforms and Methods_x000D_rn‐ Electronic trading_x000D_rn‐ Dark venues_x000D_rn‐ Transaction costs and slippage_x000D_rn_x000D_rnEfficient Trading Frontier_x000D_rn‐ Market impact and timing risk_x000D_rn_x000D_rnProgram Trading_x000D_rn‐ How program trading works & typical participants_x000D_rn‐ Volumes and tranching_x000D_rn_x000D_rnExercises: Identifying appropriate trade execution approaches. Completing trade tickets and client P/L statements based on trade data


of our clients would recommend Alpha to a colleague or peer


of a cohort was promoted within 2 years after participating in an Alpha course.


of participants felt more confident in their role, following an Alpha commercial leadership course.

Why study with Alpha?

Innovation and creativity born from experience

We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

Knowledge Exchange Evangelists

We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

Generation Proof

Quality and innovation, using current market and industry best practices, have made us a trusted partner in delivering dynamic and motivating training for the financial and capital markets. Our programmes are generation proof and responsive to evolving learner needs and styles. Our solutions use a multi-stakeholder engagement strategy that expands beyond relationships between the learner and learning provider. We create connections with managers, peers and the wider business to drive impactful return on investment..

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The team are so friendly and pleasant to work with, everyone is very professional and keen to help us. Building a relationship over the past couple of years helps us to feel like the Alpha team are even more able to understand our needs and provide more proactive solutions.
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