CME Institute

Education Lesson Inventory Note to User:

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WHAT’S NEW: COURSES/LESSONS

FUTURES ENERGY
WTI product overview Overview of Weather Markets
Natural gas overview Hedging Weather Risk
E-mini Nasdaq-100 product overviev
EQUITY INDEX
E-mini S&P 500 product overview
E-mini S&P 500 Equal Weight Futures Product Overview
E-mini Dow product overview
INTEREST RATES
Introduction to E-mini Russell 2000 index futures contract
How to use the CME Group SOFR Watch Tool
Euro FX product overview
Understanding Micro Treasury Futures
Gold product overview
Trading T-Bill Futures Spreads
Silver product overview
Using Eris SOFR Swap Futures to Manage Interest Rate Exposure
Copper product overview
CME Group credit Futures Product Overview
What are Bitcoin futures?

LANGUAGE KEY CN-S SIMPLIFIED CHINESE DE GERMAN FR FRENCH IT ITALIAN KO KOREAN PT PORTUGUESE
CN-T TRADITIONAL CHINESE ES SPANISH HE HEBREW JA JAPANESE NL DUTCH

Updated August 2024 1

 CME Institute

TABLE OF CONTENTS

Premium courses 6
CME Institute Live:
Financial futures and options Workshop. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Master the Trade: futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Futures 8
Introduction to futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Things to Know Before Trading CME Group futures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Trading Psychology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Learn About Key Economic Events. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Understanding Micro futures Contracts at CME Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Understanding the Benefits of futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Futures vs. ETFs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Understanding futures Spreads. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Introduction to Event Contracts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Event Contracts Underlying Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Options 15
Introduction to options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Options on futures for Equity Traders. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Option Greeks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Option Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Introduction to CME Direct and Quikstrike Analytics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Introduction to CVOL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Long options: Underlying and Volatility Impact. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Tools for Option Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

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Ags 19
Introduction to Agriculture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Introduction to Grains and Oilseeds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Introduction to Livestock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Understanding South American Soybean futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Introduction to Dairy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Hedging with Grain and Oilseed futures and options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Hedging with Livestock futures and options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Understanding Livestock Markets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Introduction to Lumber futures and options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Standalone Lessons - Agriculture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Cryptocurrency 24
Introduction to Bitcoin. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Micro Bitcoin Basics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Introduction to Cryptocurrency futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Micro Cryptocurrency futures and options Fundamentals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Introduction to Ether . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Energy 28
Introduction to Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Introduction to Natural Gas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Introduction to Crude Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Introduction to Power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Introduction to Refined Products. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Understanding CBL Global Emissions Offset futures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Basic Principles of Micro WTI Crude Oil futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Standalone Lessons - Energy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

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Equity Index 31
Introduction to Equity Index Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Introduction to Equity Index Sector futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Learn About E-Mini Russell 2000 futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Portfolio Management with Equity Index futures and options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Introduction to TOPIX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Trading at a Basis to an Index (BTIC and TACO). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Understanding the E-Mini Nasdaq-100. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Micro E-Mini futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Micro E-Mini options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Understanding the Adjusted Interest Rate (AIR) Total Return futures Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Introduction to the Nasdaq Veles California Water Index (NQH2O) futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Equity ESG Essentials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Standalone Lessons - Equities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

FX 35
Introduction to FX. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
What is CME FX Link? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
CME Institute Live: Micro FX futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Standalone Lessons - FX. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Interest Rates 37
Introduction to Treasuries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Introduction to SOFR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
CME Institute Live: Micro Treasury Yield futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .38
Understanding STIR futures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Introduction to ESTR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39
Introduction to SONIA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Standalone Lessons - Interest Rates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

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Metals 40
Introduction to Precious Metals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Introduction to Base Metals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Introduction to Ferrous Metals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Hedging Price Risk with Steel futures Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Get to Know Aluminum futures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Standalone Lessons - Metals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Market Regulation 43
Market Regulation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Clearing 46
Clearing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Managed futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Managed futures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Trading and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Building a Trade Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

Trading and Analysis 48

Trade and Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Technical Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Using Fundamental Analysis When Evaluating Trades. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

5
 CME Institute

LANGUAGES AVAILABLE*
PREMIUM COURSES CN-S CN-T DE ES FR HE IT JA KO NL PT

CME INSTITUTE LIVE:

FINANCIAL FUTURES AND OPTIONS WORKSHOP 10 LESSONS

CHAPTER 1: INTRODUCTION TO CME GROUP AND FUNDAMENTALS OF FINANCIAL FUTURES AND OPTIONS

Introduction to CME Group

Introduction to FX futures
Introduction to Equity Index futures
Introduction to Interest Rate futures – U.S. Treasury Foundations
Introduction to Short-Term Interest Rates (STIRs)
Introduction to options
CHAPTER 2: PRACTICAL APPLICATIONS AND STRATEGIES OF FINANCIAL FUTURES AND OPTIONS

FX futures and options

Short-Term Interest Rate futures and options (STIRs) 2.0
U.S. Treasury futures and options 2.0
Equity Index futures and options 2.0

 ME Institute premium courses consist of instructor-led lessons developed with a specialized, deeper focus on the content and additional learning components.
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PREMIUM COURSES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

MASTER THE TRADE: FUTURES 13 LESSONS

CHAPTER 1: EXPANDING YOUR FUTURES KNOWLEDGE

Comparing Stock Trading with futures Trading

Contract Specifications

Physical Delivery vs. Cash Settlement

Understanding Product Moves

Economic Events
CHAPTER 2: TAKE YOUR TRADE PLAN TO THE NEXT LEVEL

Download the Trade Plan

What Kind of Trader Am I?

What Does Risk Actually Mean?

Managing futures Risk

Utilizing Stop Orders

CHAPTER 3: PRACTICE WHAT YOU’VE LEARNED

Drawing Trade Trendlines

Defining Your Parameters for Exiting a Trade

Entering a Trade Using Moving Averages

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LANGUAGES AVAILABLE*
FUTURES CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO FUTURES 18 LESSONS       

Definition of a futures Contract       

Learn About Contract Specifications        

Understanding Contract Trading Codes        

Get to Know futures Expiration and Settlement       

Tick Movements: Understanding How They Work        

What Are Price Limits and Price Banding        

About Contract Notional Value        

Mark-To-Market        

Margin: Know What’s Needed       

Understanding futures Expiration and Contract Roll        

Price Discovery    

Calculating futures Contract Profit Or Loss        

Understanding the Role of Speculators        

Understanding the Role of Hedgers        

Midwest Grain Trade: History of futures Exchanges      

Futures Contracts Compared to Forwards        

What is Volume?        

Open Interest      

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LANGUAGES AVAILABLE*
FUTURES CONTINUED
CN-S CN-T DE ES FR HE IT JA KO NL PT

THINGS TO KNOW BEFORE TRADING CME GROUP FUTURES 6 LESSONS  

Getting Started with Your Broker 

Submitting a futures Order 

Futures Order Types   

What Happens When You Submit an Order?  

Position and Risk Management   

Closing Your Position  

TRADING PSYCHOLOGY 6 LESSONS   

Emotional Intelligence    

The Importance of Self-Confidence    

The Mathematics of Trading Success    

Planning for Trading Losses    

Making It Real    

Qualities of Successful Traders    

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LANGUAGES AVAILABLE*
FUTURES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

LEARN ABOUT KEY ECONOMIC EVENTS 9 LESSONS  

What is Gross Domestic Product (GDP)?  

About the Retail Sales Report  

What is the Non-Farm Payroll Report?  

Understanding Consumer Price Index and Product Price  

Understanding U.S. Housing Data  

What is the European Central Bank?  

Understanding the FOMC Report  

The Importance of Consumer Confidence Surveys  

Understanding the Oil Data Report  

UNDERSTANDING MICRO FUTURES CONTRACTS AT CME GROUP 24 LESSONS  

MICRO E-MINI FUTURES

Micro E-Mini Equity Index futures Products Overview

Hedging with Micro E-Mini futures 

Managing Micro E-Mini futures Expiration 

MICRO E-MINI OPTIONS

Get to Know options on Micro E-Mini futures  

Understanding Listings and Expirations  

Micro E-Mini options Strategies  

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LANGUAGES AVAILABLE*
FUTURES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

MICRO CRYPTOCURRENCY FUTURES

Micro Ether futures Product Overview

Micro Bitcoin futures Product Overview
Managing Micro Bitcoin futures Expiration
MICRO METAL PRODUCTS

Micro Gold and Silver futures Overview  

Micro Copper futures Product Overview  

Understanding options on Micro Gold futures

MICRO ENERGY FUTURES

Micro WTI Crude Oil futures Overview  

Option Hedging with Micro WTI Crude Oil futures  

Managing Expiration of the Micro WTI Crude Oil futures Contract  

Micro Henry Hub Natural Gas futures Product Overview

MICRO ENERGY OPTIONS

Understanding options on Micro WTI Crude Oil futures

Basic Principles of Micro WTI Crude Oil options  

Understanding options on Micro Henry Hub Natural Gas futures 

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LANGUAGES AVAILABLE*
FUTURES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

YIELD FUTURES

Yield futures Overview  

MICRO FX FUTURES

Micro FX futures Product Overview  

MICRO CRYPTOCURRENCY OPTIONS

Understanding options on Micro Bitcoin and Micro Ether futures

MICRO CRYPTOCURRENCY FUTURES

Managing Expiration and Exercise for Micro Cryptocurrency options

Strikes and Listings for Micro Cryptocurrency options

UNDERSTANDING THE BENEFITS OF FUTURES 8 LESSONS   

The Benefits of Portfolio Diversification    

The Benefits of Day Trading futures    

The Benefits of Liquidity    

Managing Contract Expiration    

The Benefits of futures Margin    

The Benefits of Open Access to futures    

The Power of Leverage    

Understanding the Benefits of the Bid-Offer Spread    

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LANGUAGES AVAILABLE*
FUTURES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

FUTURES VS. ETFS 4 LESSONS   

What is an ETF?  

Why Trade futures Instead of ETFs?     

Reasons to Trade E-Mini Russell 2000 futures Over Russell 2000 ETF (IWM)  

options on futures Vs ETFs     

UNDERSTANDING FUTURES SPREADS 11 LESSONS   

Futures Spread Overview 

Metals Intramarket Spreads 

Grain Intramarket Spreads and Storage 

Rolling an Equity Position Using Spreads

Equity Intermarket Spreads
Gold and Silver Ratio Spread 

Learn About the 1:1 Crack Spread  

Understanding Intermarket Spreads: Platinum and Gold 

Treasury Intermarket Spreads - The Yield Curve   

Spread Trading with E-Mini Russell 2000 futures

INTRODUCTION TO EVENT CONTRACTS 4 LESSONS

What is an Event Contract?

Event Contracts - Products
Event Contracts - Profit Example
Event Contracts - Loss Example

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FUTURES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

EVENT CONTRACTS UNDERLYING MARKETS 11 LESSONS

WTI product overview 

Natural gas overview 
E-mini Nasdaq-100 product overviev 
E-mini S&P 500 product overview 
E-mini Dow product overview 
Introduction to E-mini Russell 2000 index futures contract 
Euro FX product overview 
Gold product overview 
Silver product overview 
Copper product overview 
What are Bitcoin futures? 

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LANGUAGES AVAILABLE*
OPTIONS CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO OPTIONS 16 LESSONS        

Introduction to options     

Understanding Option Contract Details       

Get to Know Underlying (options on futures)        

What is Exercise Price (Strike)?        

What is Expiration Date (Expiry)?        

Explaining Call options (Short and Long)        

Explaining Put options (Short and Long)        

Understanding AM/PM Expirations   

Learn About Exercise and Assignment       

Understanding the Difference: European vs. American Style options     

Calculating options Moneyness and Intrinsic Value       

Understanding options Expiration (Profit and Loss)        

Introduction to options Theoretical Pricing     

Discover options Volatility    

Put-Call Parity    

What is an RFQ?   

Options on futures Vs ETFs    

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LANGUAGES AVAILABLE*
OPTIONS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

OPTIONS ON FUTURES FOR EQUITY TRADERS 4 LESSONS     

Trading options on futures Using Strategies You Already Know    

Influence of Pricing on the Option for Equity Traders    

Why options on futures Gives Added Benefit of Diversifying Risk    

Trading options During Economic Events    

OPTION GREEKS 5 LESSONS   

Options Delta - the Greeks  

Options Gamma - the Greeks  

Options Theta - the Greeks  

Options Vega - the Greeks  

Options Premium and the Greeks   

OPTION STRATEGIES 9 LESSONS       

Straddles       

Strangles       

Option Butterfly       

Option Ratio Spreads   

Option Calendar Spreads       

Bull Spread       

Bear Spread       

Covered Calls       

Collars       

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LANGUAGES AVAILABLE*
OPTIONS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO CME DIRECT AND QUIKSTRIKE ANALYTICS 11 LESSONS

CMED Market Activity

CMED Quick options Grid
CMED QS Spread Analyzer
CMED Booking a ClearPort Block
CMED Creating a Hedged Strategy
CMED Directed RFQ
Options Calculator
Event Volatility Calculator
Open Interest Heatmap
TWiO (This Week in Options)
QuikVol Tool

INTRODUCTION TO CVOL 4 LESSONS

Understanding the CVOL Index

Introduction to CVOL Skew
Learn About Convexity
Accessing CVOL on CME Direct

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LANGUAGES AVAILABLE*
OPTIONS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

LONG OPTIONS: UNDERLYING AND VOLATILITY IMPACT 2 LESSONS

Long Call Scenarios   

Long Put Scenarios   

TOOLS FOR OPTION ANALYSIS 8 LESSONS   

QuikVol Tool   

TWiO (This Week in options)   

FX options Vol Converter  

Strategy Simulator Overview  

Event Volatility Calculator   

Options Calculator   

Open Interest Heatmap   

What is an RFQ?   

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 CME Institute

LANGUAGES AVAILABLE*
AGS CONTINUED
CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO AGRICULTURE 22 LESSONS  

Learn About Agricultural Markets 

Get to Know Agricultural options on futures  

INTRODUCTION TO GRAINS AND OILSEEDS 16 LESSONS

Learn About Agricultural Markets    

Get to Know Agricultural options on futures   

Grain and Oilseed Overview     

Learn About Corn Production, Use, and Transportation  

Soybean Production, Use, and Transportation     

Wheat Production, Use, and Transportation     

Understanding Grains Volatility and Supply and Demand     

Understanding Seasonality In Grains     

Learn About Basis: Grains     

Learn About Grain Convergence     

How to Hedge Grain Risk     

Grain Intramarket Spreads and Storage  

Overview of Grain Intercommodity Spreads     

Understanding Soybean Crush    

Understanding the Grain Delivery Process     

Variable Storage Rate 

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 CME Institute

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AGS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

Understanding Fertilizer futures 

Understanding the Soybean Oil Delivery Process 

INTRODUCTION TO LIVESTOCK 5 LESSONS    

The Livestock Overview   

Livestock Hedging and Risk Management   

Fundamentals and Their Impact on Livestock Prices   

Learn About Basis: Livestock    

Understanding Seasonality: Livestock    

UNDERSTANDING SOUTH AMERICAN SOYBEAN FUTURES 2 LESSONS  

South American Soybean futures Product Overview  

Trade the Basis - North and South American Soybean futures Contracts  

INTRODUCTION TO DAIRY 13 LESSONS

Dairy Overview
Federal Milk Marketing Orders
Dairy Price Reporting and Settlement Prices
Understanding Supply and Demand: Dairy
CME Dairy Spot Markets
Buying futures for Protection Against Rising Dairy Prices
Selling futures for Protection Against Falling Dairy Prices

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Establishing a Ceiling Price By Buying Dairy Call options

Establishing a Floor Price By Buying Dairy Put options
Learn About Dairy Strips and Spreads
Establishing a Dairy Selling Price Range
Establishing a Dairy Buying Price Range
Dairy Basis

HEDGING WITH GRAIN AND OILSEED FUTURES AND OPTIONS 10 LESSONS 

RISK MANAGEMENT FOR BUYERS OF COMMODITIES

Buying futures for Protection Against Rising Prices

Establishing a Ceiling Price By Buying Grain Call options
Lowering a Grain Purchase Price By Selling Put options
Establishing a Grain Buying Price Range
Comparing Grain Buying Strategies
RISK MANAGEMENT FOR SELLERS OF COMMODITIES

Selling futures for Protection Against Falling Prices

Establishing a Floor Price By Buying Put options
Establishing a Selling Price Range Using Grain options
Increasing a Grain Selling Price By Selling Call options
Comparing Grain Selling Strategies

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HEDGING WITH LIVESTOCK FUTURES AND OPTIONS 6 LESSONS 

Buying futures for Protection Against Rising Livestock Prices 

Establishing a Ceiling Price By Buying Livestock Call options 

Establishing a Buying Price Range for Livestock 

Selling futures for Protection Against Falling Livestock Prices 

Establishing a Livestock Selling Price Range 

Establishing a Floor Price By Buying Livestock Put options 

UNDERSTANDING LIVESTOCK MARKETS 11 LESSONS

The Livestock Overview

Livestock Hedging and Risk Management
Fundamentals and Their Impact on Livestock Prices
Learn About Basis: Livestock
Understanding Seasonality: Livestock
Buying futures for Protection Against Rising Livestock Prices
Establishing a Ceiling Price By Buying Livestock Call options
Establishing a Buying Price Range for Livestock
Selling futures for Protection Against Falling Livestock Prices
Establishing a Floor Price By Buying Livestock Put options
Establishing a Livestock Selling Price Range

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AGS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO LUMBER FUTURES AND OPTIONS 3 LESSONS

Lumber futures Product Overview

Understanding the Lumber futures Delivery Process
Hedging with Lumber futures

STANDALONE LESSONS - AGRICULTURE 12 LESSONS

What Are Short Dated New Crop options

Trading At Settlement (Tas) for Agricultural futures
Soybeans Product Overview
Wheat Product Overview
Corn Product Overview
Feeder Cattle and Live Cattle Product Overview
Lean Hogs Product Overview
Pork Cutout futures Product  

Understanding Agricultural Calendar Spread options

Global Activity In Agricultural options  

Canadian Wheat futures Product Overview

New Crop Weekly options

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LANGUAGES AVAILABLE*
CRYPTOCURRENCY CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO BITCOIN 9 LESSONS      

What is Bitcoin?      

Cryptocurrency Reference Rates and Real-Time Indices Overview

What Are Bitcoin futures?      

Micro Bitcoin futures Product Overview    

Managing Bitcoin futures Expiration: Rolling Forward  

Get to Know options on Bitcoin futures

Options on Bitcoin futures - Expiration Date and Strike Price
BTIC on Cryptocurrency futures
How to Trade Ether/Bitcoin Ratio futures

MICRO BITCOIN BASICS 8 LESSONS

What is Bitcoin?
Cryptocurrency Reference Rates and Real-Time Indices Overview
Micro Bitcoin futures Product Overview
Managing Micro Bitcoin futures Expiration
BTIC on Cryptocurrency futures
Understanding options on Micro Bitcoin and Micro Ether futures
Strikes and Listings for Micro Cryptocurrency options
Managing Expiration and Exercise for Micro Cryptocurrency options

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LANGUAGES AVAILABLE*
CRYPTOCURRENCY CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO CRYPTOCURRENCY FUTURES 17 LESSONS

BITCOIN

What is Bitcoin?
Introduction to Bitcoin Reference Rate
What Are Bitcoin futures?
Managing Bitcoin Future Expiration: Rolling Forward
BTIC on Cryptocurrency futures
ETHER

Ether futures Product Overview

Defining Ether and Ethereum
CME CF Ether Reference Rate & Real Time Index
How to Trade Ether/Bitcoin Ratio futures
MICRO CRYPTOCURRENCY FUTURES

Micro Bitcoin futures Product Overview

Managing Micro Bitcoin futures Expiration
Micro Ether futures Product Overview
OPTIONS ON CRYPTOCURRENCY FUTURES

Get to Know options on Bitcoin futures

Options on Bitcoin futures - Expiration Date and Strike Price

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LANGUAGES AVAILABLE*
CRYPTOCURRENCY CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

MICRO CRYPTOCURRENCY OPTIONS

Understanding options on Micro Bitcoin and Micro Ether futures

Strikes and Listings for Micro Cryptocurrency options
Managing Expiration and Exercise for Micro Cryptocurrency options

MICRO CRYPTOCURRENCY FUTURES AND OPTIONS

FUNDAMENTALS 11 LESSONS

MICRO BITCOIN

Managing Micro Bitcoin futures Expiration

Cryptocurrency Reference Rates and Real-Time Indices Overview
What is Bitcoin?
Micro Bitcoin futures Product Overview
BTIC on Cryptocurrency futures
MICRO ETHER

Defining Ether and Ethereum

CME CF Ether Reference Rate & Real Time Index
Micro Ether futures Product Overview
MICRO OPTIONS

Understanding options on Micro Bitcoin and Micro Ether futures

Managing Expiration and Exercise for Micro Cryptocurrency options
Strikes and Listings for Micro Cryptocurrency options

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LANGUAGES AVAILABLE*
CRYPTOCURRENCY CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO ETHER 6 LESSONS

Defining Ether and Ethereum

CME CF Ether Reference Rate and Real Time Index
Micro Ether futures Product Overview
Ether futures Product Overview
BTIC on Cryptocurrency futures
How to Trade Ether/Bitcoin Ratio futures

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LANGUAGES AVAILABLE*
ENERGY CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO ENERGY 25 LESSONS  

INTRODUCTION TO NATURAL GAS 9 LESSONS   

Natural Gas Overview  

Natural Gas futures Product Overview   

Understanding Henry Hub  

Understanding Supply and Demand: Natural Gas  

Introduction to Natural Gas Seasonality  

Understanding Natural Gas Risk Management Spreads & Storage

Natural Gas Calendar Spread options  

Gulf Coast LNG Export futures Overview 

Henry Hub options RFQ on CME Direct

INTRODUCTION TO CRUDE OIL 15 LESSONS   

PRODUCT OVERVIEW

Discover WTI: a Global Benchmark

WTI Product Overview
Understanding Crude Oil In the United States
The Importance of Cushing, Oklahoma
Introduction to European Crude Oil
Brent Crude Product Overview

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LANGUAGES AVAILABLE*
ENERGY CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

Learn About Crude Oil Across Asia Region

Understanding Commodity Storage
Crude Oil: futures Versus ETFs
Monday and Wednesday Weekly options on WTI Crude Oil futures
CRUDE OIL FUNDAMENTALS

Assessing Oil Markets   

Geopolitics and Crude Oil   

Delivery of WTI futures   

Crude Oil Crack Spread   

Economic Data and Crude Oil   

INTRODUCTION TO POWER 3 LESSONS   

Understanding Basics of the Power Market  

Energy Market and Risk Management with options   

Managing Risk in the Capacity Market   

INTRODUCTION TO REFINED PRODUCTS 4 LESSONS

A Look Into the Refining Process

RBOB Product Overview
Learn About the 1:1 Crack Spread
Heating Oil Product Overview

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LANGUAGES AVAILABLE*
ENERGY CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

UNDERSTANDING CBL GLOBAL EMISSIONS OFFSET FUTURES 4 LESSONS    

Understanding the Carbon Offset Market

CBL Global Carbon Emissions Offset (GEO) futures Product Overview
Comparing Emissions Offset futures    

Voluntary Carbon Emissions Offset Trailing futures

BASIC PRINCIPLES OF MICRO WTI CRUDE OIL FUTURES 5 LESSONS    

Micro WTI Crude Oil futures Overview  

Option Hedging with Micro WTI Crude Oil futures  

Managing Expiration of the Micro WTI Crude Oil futures Contract

Understanding options on Micro WTI Crude Oil futures    

Basic Principles of Micro WTI Crude Oil options    

STANDALONE LESSONS - ENERGY

Voluntary Carbon Emissions Offset Trailing futures
Overview of Weather Markets 
Hedging Weather Risk 

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LANGUAGES AVAILABLE*
EQUITY INDEX CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO EQUITY INDEX PRODUCTS 10 LESSONS  

What is an Index Future? 

Discover Equity Index Notional Value and Price  

Understanding Equity Index Daily and Final Settlement  

The Importance of Depth (Volume)  

Who Uses Equity Index Products? 

What is Equity Index Basis? 

Rolling an Equity Position Using Spreads 

Hedging and Risk Management for Equity Index futures

Trading Opportunities In Equity Index futures 

Equity Intermarket Spreads 

INTRODUCTION TO EQUITY INDEX SECTOR FUTURES 2 LESSONS

Understanding Equity Index Sector futures

Understanding Implied Liquidity In Equity Sector futures

LEARN ABOUT E-MINI RUSSELL 2000 FUTURES 4 LESSONS

Introduction to E-Mini Russell 2000 Index futures Contract

Spread Trading with E-Mini Russell 2000 futures
Reasons to Trade E-Mini Russell 2000 futures Over Russell 2000 ETF (IWM)
Options on E-Mini Russell 2000 futures

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LANGUAGES AVAILABLE*
EQUITY INDEX CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

PORTFOLIO MANAGEMENT WITH EQUITY INDEX

FUTURES AND OPTIONS 4 LESSONS

Alpha/Beta and Portable Alpha

Cash Equitization - Cash Drag In the Cross Hairs
Transition Management Using Stock Index futures
Beta Replication and Smart Beta

INTRODUCTION TO TOPIX 4 LESSONS

What is TOPIX?
Introducing TOPIX futures
Migrating From iShares MSCI Japan ETF (EWJ) to TOPIX futures
Basis Trade at Index Close (BTIC) for TOPIX futures

TRADING AT A BASIS TO AN INDEX (BTIC AND TACO) 7 LESSONS

Understanding Basis Trade at Index Close (BTIC)

Introduction to Trade at Cash Open (TACO)
Introduction to BTIC + and TACO +
BTIC + Trading Examples
Basis Trade at Index Close (BTIC) for TOPIX futures
Basis Trade at Index Close (BTIC) for Nikkei futures
BTIC on Cryptocurrency futures

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LANGUAGES AVAILABLE*
EQUITY INDEX CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

UNDERSTANDING THE E-MINI NASDAQ-100 7 LESSONS  

E-Mini Nasdaq-100 Product Overview

E-Mini Nasdaq-100 futures Contract Vs Fangs
Why Trade futures Instead of ETFs?
E-Mini Nasdaq-100 futures Versus Nasdaq ETFs
TCA Tool: Cost Efficiencies Between Nasdaq-100 futures and ETF
Trading Opportunities In Equity Index futures
Monday and Wednesday Weekly options on E-Mini Nasdaq-100 futures (European-Style)  

MICRO E-MINI FUTURES 3 LESSONS   

Micro E-Mini Equity Index futures Products Overview   

Hedging with the Micro E-Mini futures   

Managing Micro E-Mini futures Expiration  

MICRO E-MINI OPTIONS 3 LESSONS     

Get to Know options on Micro E-Mini futures     

Understanding Listings and Expirations    

Micro E-Mini options Strategies    

UNDERSTANDING THE ADJUSTED INTEREST RATE (AIR)

TOTAL RETURN FUTURES CONTRACT 3 LESSONS

AIR (Adjusted Interest Rate) Total Return futures - Product Overview

Trading the AIR Total Return futures
Trade Aspects of the Adjusted Interest Rate (AIR) Total Return futures Contract

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LANGUAGES AVAILABLE*
EQUITY INDEX CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO THE NASDAQ VELES

CALIFORNIA WATER INDEX (NQH2O) FUTURES 2 LESSONS

Understanding the Nasdaq Veles California Water Index

Nasdaq Veles California Water Index (NQH2O) futures Product Overview

EQUITY ESG ESSENTIALS 2 LESSONS

Introduction to the E-Mini S&P 500 ESG futures

E-Mini S&P Europe 350 ESG futures Product Overview

STANDALONE LESSONS - EQUITIES

E-Mini S&P 500 Product Overview
E-Mini Dow Product Overview
Nikkei Product Overview
What is the Mutual Offset System?
Understanding E-Mini S&P 500 Option Block Trades
Derived Block Trade with Equity Index futures
What Are Commodity Index Products?
Overview of Trade Marker At Close (TMAC) on E-Mini Equity Index futures
E-mini S&P 500 Equal Weight Futures Product Overview 

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LANGUAGES AVAILABLE*
FX CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO FX 6 LESSONS   

What is FX  

Understanding FX Quote Conventions  

The Importance of FX futures Pricing and Basis

Understanding the FX Delivery and Settlement Process  

How to Manage Risk in FX   

A Look At FX EFP  

WHAT IS CME FX LINK? 8 LESSONS

FX Link: What is It?

FX Link: Convert Non-IMM Dated to IMM-Dated Forward
FX Link: Offset FX Hedge
FX Link: Swap Replication
FX Link: Replacement of OTC FX Option Delta Hedge
FX Link: Optimizing an Exchange Listed FX Option Hedge
FX Link: Hedge FX Risk of a Non-IMM Dated FX Exposure
FX Link: Understanding FX Links with C-Cross

CME INSTITUTE LIVE: MICRO FX FUTURES 3 LESSONS  

Micro FX futures - Understanding the FX Market  

Micro FX futures - Contract Specifications and futures Contract Pricing  

Micro FX futures- Trading Illustrations  

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LANGUAGES AVAILABLE*
FX CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

STANDALONE LESSONS - FX
Euro FX Product Overview
Japanese Yen Product Overview
British Pound Product Overview
Canadian Dollar Product Overview
Australian Dollar Product Overview
FX options Expiration Time Change
Micro FX futures Product Overview
BTIC and BTIC+ for FX futures
eFix Matching Service Overview
Trading Cross-Rate futures
FX Link: Market Examples
Hedging FX Exposure in the Brazilian Corn Trade

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LANGUAGES AVAILABLE*
INTEREST RATES CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO TREASURIES 9 LESSONS   

Learn About the Treasuries Delivery Process 

Understand Treasuries Contract Specifications

The Basics of Treasuries Basis 

Get to Know Treasuries CTD 

How Can You Measure Risk in Treasuries? 

Calculating U.S. Treasury Pricing 

Treasuries Hedging and Risk Management 

Treasury Intermarket Spreads - the Yield Curve   

Understanding Micro Treasury Futures 

INTRODUCTION TO SOFR 10 LESSONS   

What is SOFR?   

Trading SOFR futures   

A Look At CME Term SOFR   

Explaining the SOFR Settlement Process

Understanding IMM Index and Dates
Understanding the Importance of Basis Point Value
Understanding SOFR Strips
Understanding SOFR Packs and Bundles
Term Mid Curve SOFR options
How to use the CME Group SOFR Watch Tool 

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LANGUAGES AVAILABLE*
INTEREST RATES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

CME INSTITUTE LIVE: YIELD FUTURES 3 LESSONS  

Yield futures - Underlying U.S. Treasury Market  

Yield futures - Contract Description and Terms  

Yield futures - Case Studies and Analytical Tools  

UNDERSTANDING STIR FUTURES 13 LESSONS

Introduction to STIR futures

Introduction to Fed Fund futures
Introduction to the CME Fed Watch Tool
What is SOFR
Fundamentals and Interest Rate futures
Understanding Convexity Bias
Understanding the FOMC Report
Trading SOFR futures
What is SONIA?
Trading SONIA futures
Explaining the SOFR Settlement Process
Understanding IMM Index and Dates
Understanding the Importance of Basis Point Value
T-Bill futures Product Overview
Trading T-Bill Futures Spreads 

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LANGUAGES AVAILABLE*
INTEREST RATES CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO ESTR 3 LESSONS

What is ESTR?
Trading ESTR futures

INTRODUCTION TO SONIA 2 LESSONS

What is SONIA?
Trading SONIA futures

STANDALONE LESSONS - INTEREST RATES

Treasuries Product Overview
Understanding BrokerTec RV Curve
Yield futures Overview
CME Treasury Watch Tool Basics
20-Year U.S. Treasury Bond futures Product Overview
UST Market Profile Tool
Using Eris SOFR Swap Futures to Manage Interest Rate Exposure 
CME Group credit Futures Product Overview 

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LANGUAGES AVAILABLE*
METALS CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO PRECIOUS METALS 9 LESSONS   

Introduction to Precious Metals  

Understanding Supply and Demand: Precious Metals  

What is Contango and Backwardation 

How and Where Precious Metals Are Traded  

What is the Precious Metals Delivery Process?  

Introduction to Precious Metals Risk Management/Hedging and Ratios  

Understanding the Precious Metals Spot Spread   

Gold & Silver Ratio Spread  

Understanding Intermarket Spreads: Platinum and Gold  

INTRODUCTION TO BASE METALS 9 LESSONS   

Introduction to Base Metals  

Base Metals Supply and Demand   

What is Contango and Backwardation 

Metals Intramarket Spreads

What is the Base Metals Delivery Process  

Learn About Base Metals Financing  

How to Manage Base Metals Risk Management and Hedging  

Cash Flow In Metals futures Vs Forwards

Hedging with Copper futures

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LANGUAGES AVAILABLE*
METALS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

INTRODUCTION TO FERROUS METALS 4 LESSONS  

Understanding Supply and Demand: Ferrous Metals  

What is Contango and Backwardation  

Metals Intramarket Spreads 

Understanding Hedging and Risk Management In Ferrous Metals 

HEDGING PRICE RISK WITH STEEL FUTURES CONTRACTS 4 LESSONS

Steel futures Contracts

Hedging with Hot Rolled Coil (HRC) Steel futures Contracts
Hedging with HDG Premium Steel futures
Hedging with Northern European Hot-Rolled Coil Steel futures

GET TO KNOW ALUMINUM FUTURES 2 LESSONS  

Aluminum futures Product and Delivery Overview  

Understanding the Aluminum Auction  

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LANGUAGES AVAILABLE*
METALS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

STANDALONE LESSONS - METALS

Gold Product Overview 

Silver Product Overview 

Copper Product Overview 

Platinum Product Overview

Palladium Product Overview
Zinc futures Overview
Clearing of London Gold Forwards
SGE Gold futures Product Overview 

Micro Gold and Silver futures Overview  

Hedging with Copper futures

Gold (Enhanced Delivery) futures ‒ Accumulated Certificates of Exchange
Hedging with Cobalt Metal (Fastmarkets) futures 

Hedging with Lithium futures  

Hedging with Molybdenum Oxide (Platts) futures

Understanding Lithium Carbonate and Hydroxide futures 

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MARKET REGULATION CN-S CN-T DE ES FR HE IT JA KO NL PT

MARKET REGULATION 39 LESSONS   

OVERVIEW

CME Group Rules and Regulation Overview  

Market Regulation: Meet the Team  

WASH TRADES

Wash Trades - Definition of a Wash Trade   

Wash Trades - Responsibility and Implications   

Wash Trades - Automated Trading Systems   

Wash Trades - Freshening   

EFRP

EFRP - What is an EFRP?

EFRP - Parties to an EFRP
EFRP - Pricing and the Related Position for EFRPs
EFRP - Reporting and Recordkeeping
EFRP - Prohibited Transitory EFRPs

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LANGUAGES AVAILABLE*
MARKET REGULATION CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

BLOCK TRADES

Block Trades - What is a Block Trade?

Block Trades - Participant Eligibility
Block Trades - Eligible Products, Times and Prices
Block Trades - Reporting and Recordkeeping
Block Trades - Pre-Hedging
Block Trade Alerts
Block Trades - TAS, TAM and BTIC
DISRUPTIVE PRACTICES PROHIBITED

Disruptive Practices Prohibited - General Information  

Disruptive Practices Prohibited - Factors Market Regulation Considers   

Disruptive Practices Prohibited - Spoofing   

Disruptive Practices Prohibited - Flipping   

Disruptive Practices Prohibited - Additional Examples   

Disruptive Practices Prohibited - Frequently Asked Questions   

CME GLOBEX OPERATOR ID REQUIREMENTS

CME Globex Tag Operator Id Requirements - General Rule

CME Globex Tag Operator Id Requirements - Registration and Requirements
CME Globex Tag Operator Id Requirements - Individual and Team Operators

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LANGUAGES AVAILABLE*
MARKET REGULATION CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

PRE-EXECUTION COMMUNICATIONS

Pre-Execution Communications - Overview and Crossing Protocols

TAS, TAM, BTIC AND TACO

TAS, TAM, BTIC, and TACO  

ENFORCEMENT PROCESS

Enforcement Process - Introduction and Initial Referral  

Enforcement Process - Offer of Settlement  

Enforcement Process - Settlement Hearing

Enforcement Process - Default Hearings  

Enforcement Process - Contested Hearings  

Enforcement Process - Appeals  

POSITION LIMITS

Position Limits - Overview 

Position Limits - Aggregation of Contracts and Table 
Position Limits - Aggregation of Accounts 
Position Limits - Exemptions 
Position Limits - Position Accountability Levels 

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LANGUAGES AVAILABLE*
CLEARING CN-S CN-T DE ES FR HE IT JA KO NL PT

CLEARING 5 LESSONS  

What is Clearing?  

Clearing Market Structure  

Clearing House Risk Management  

Clearing House Activities  

Clearing House Account Definitions

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MANAGED FUTURES CN-S CN-T DE ES FR HE IT JA KO NL PT

MANAGED FUTURES 4 LESSONS 

What Are Managed futures? 

Compelling Reasons to Allocate to Managed futures 

Evaluating CTAs Quantitative and Qualitative Factors

Comparing CTA Strategies 

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LANGUAGES AVAILABLE*
TRADING AND ANALYSIS CN-S CN-T DE ES FR HE IT JA KO NL PT

BUILDING A TRADE PLAN 6 LESSONS 

Step 1: Your Trade Plan Objective 

Step 2: Methodology Behind Your Trade Plan 

Step 3: Risk Management and Your Trade Plan 

Step 4: Trading Strategies In Your Trade Plan 

Step 5: Keep a Trade Log 

Trader Tips 

TRADING AND ANALYSIS 7 LESSONS 

Market Makers vs. Market Takers   

Liquidity and Immediacy   

Trading and Analysis - Fundamental Analysis  

Fundamental Trading Methods   

Technical Analysis   

Trend vs. Anti-Trend  

Support and Resistance   

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TRADING AND ANALYSIS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

TRADE AND RISK MANAGEMENT 7 LESSONS 

Risk Aversion 

Misconception of Taking Losses 

The 2% Rule 

Controlling Risk 

Proper Position Size 

System-Based vs. Discretionary Trading 

Setting Realistic Expectations 

TECHNICAL ANALYSIS 8 LESSONS    

Chart Types: Candlestick, Line, Bar  

Understanding Moving Averages  

Trend and Continuation Patterns  

Technical Patterns: Reversals 

Support and Resistance  

Fibonacci Retracements and Extensions  

Oscillators: MACD, RSI, Stochoastics  

Fundamental Analysis vs. Technical Analysis  

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LANGUAGES AVAILABLE*
TRADING AND ANALYSIS CONTINUED CN-S CN-T DE ES FR HE IT JA KO NL PT

USING FUNDAMENTAL ANALYSIS WHEN EVALUATING TRADES 9 LESSONS

What is Fundamental Analysis?

Fundamental Analysis vs. Technical Analysis
Fundamental Analysis - futures Supply and Demand
Fundamentals and Equity Index futures
Fundamentals and Energy futures
Fundamentals and Interest Rate futures
Fundamentals and FX futures
Fundamentals and Agricultural futures
Fundamentals and Metal futures

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