Commodities, Derivatives and Structured Products

Equity Derivatives - Part 1 (2022)


This eCourse consists of two modules. Module 1 introduces the most important equity derivatives, including stock options, stock index futures and options, warrants and convertibles, and structured equity derivatives.

Module 2 looks at equity index futures and options, two of more popular financial derivatives used by traders. Finally, we look at how derivatives can be grouped together to dynamically hedge a portfolio’s market exposure over time.


On completion of this course, you will be able to:
- Describe the structures and applications of equity futures, equity options and equity index options, convertibles and warrants, contracts for difference, equity swaps and structured equity derivative products
- Define equity index futures and options
- Determine the intrinsic value of both index futures and options
- Identify how equity index futures and options are used in arbitrage

Content Highlight

Module 1: Equity Derivatives – An Introduction
Topic 1: Overview of Equity Derivatives
Topic 2: Equity Futures & Options
Topic 3: Securities with Embedded Equity Derivatives
Topic 4: Equity Swaps
Topic 5: Other Equity Derivatives
Topic 6: Issuer & Investor Motivations
Topic 7: Risks of Equity Derivatives

Module 2: Equity Index Futures & Options
Topic 1: Index Equity Futures
Topic 2: Equity Index Options

Administrative Details

Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
SFC:2.00, PWMA:2.00
All Member: HKD610
Non-Member: HKD890
Staff of Corporate Member: HKD610