Commodity Exchanges

Summary

The course provides students with a comprehensive overview of the functioning of commodity exchanges. During lectures, students will learn about the classification of commodities, market and trend analysis, trading mechanisms and main investment instruments. The aim is to understand how commodity markets influence the global economy and how to effectively manage the risks associated with commodity trading. Emphasis is placed on the practical application of theoretical knowledge and current developments in global commodity markets. During the exercises, students gain practical experience by working on a semester project on an application topic. Students will be able to describe the principles and tools of trading on commodity exchanges and classify the main traded commodities. They will be able to choose appropriate methods of market and trend analysis and explain different approaches to trading on commodity exchanges. Students will be able to evaluate the risks affecting the price of commodities.

Literature

SCHWAGER, Jack D. a ETZKORN, Mark. A complete guide to the futures market: technical analysis, trading systems, fundamental analysis, options, spreads, and trading principles. Online. Second edition. Wiley trading series. Hoboken, New Jersey: Wiley, [2017]. .
SOUMARÉ, Issouf. Commodity exchanges: concepts, tools and guidelines. Cheltenham, UK: Edward Elgar Publishing, [2022]. ISBN 978-1-80088-703-9.
SWINDLE, Glen. Valuation and risk management in energy markets. New York: Cambridge University Press, 2014. ISBN 978-0-117-03684-0.
THOMPSON, Alex. Commodity Trading: Navigating Markets, Sustainability, and Innovation. Side Hustle Success, 2023. .

Advised literature

CLARK, Iain J. Commodity option pricing: a practitioner's guide. Wiley finance series. Chichester: Wiley, 2014. ISBN 978-1-119-94451-5.
DEMPSTER, M. A. H. a TANG, Ke (ed.). Commodities: fundamental theory of futures, forwards, and derivatives pricing. Second edition. Chapman & Hall/CRC financial mathematics series. Boca Raton: CRC Press, Taylor & Francis Group, [2023]. ISBN 978-1-032-20817-6.
KEENAN, Mark J. S. Advanced Positioning, Flow, and Sentiment Analysis in Commodity Markets. Wiley, 2020. .
SCHOFIELD, Neil C. Commodity derivatives: markets and applications. Second edition. Wiley finance series. Chichester: Wiley, 2021. ISBN 978-1-119-34910-5.

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Language of instruction	čeština
Code	545-0196
Abbreviation	KB
Course title	Commodity Exchanges
Coordinating department	Department of Economics and Control Systems
Course coordinator	doc. Ing. Roman Kozel, Ph.D.