Recorded Seminars

Fundamentals of NYMEX & ICE Energy/Electricity Futures Contracts
Recorded Seminar Lesson D103
Register for one or both recorded sessions of this two part seminar
How This Seminar Works
  1. Each seminar session consists of a high quality streamed audio recording combined with Internet-posted and PDF formatted PowerPoint slides. The audio recording includes all questions asked during the original presentation as well as the instructor's response.
  2. After registering for a seminar session, you will be emailed a Web link and password which will enable you to view the online seminar session through your computer's Internet connection. Seminar slides will also be provided in PDF format in case you want to print a copy.
  3. Upon registration, you will receive immediate online access to each seminar session you purchase. Your 48 hour viewing period does not begin until the first time the seminar is accessed. Flexible viewing options are available for groups of 10 or larger. Please call Janice Ohmura at (440) 853-1038 for more information.
  4. After your access time is completed the online session will expire, but the PDF formatted seminar slides will be yours to keep. You can access the online seminar session using one or more computers, but you will need to register the total number of attendees who will view the seminar.
  5. Instructor contact information will be provided to you before you access the seminar. After you have viewed the presentation, questions can be directed to the instructor via email or telephone.

NYMEX futures contracts are one of the primary tools used by consumers, producers, marketers, and processors to manage energy and electricity price risk.

The first session of this seminar will walk you through the fundamentals of futures contracts, how they evolved, and the specifics of today's energy and electricity contracts.

The second session will introduce you to the world of the New York Mercantile Exchange (NYMEX) and will explain how futures contracts trade; the specifics of margining & the clearing of transactions; and how a futures brokerage account works. Click Here to Register

What You will Learn - Session #1
  • What futures contracts are, and how they evolved.
  • The three primary purposes served by energy futures markets.
  • The detailed contract specifications and delivery points for natural gas, crude oil, heating oil and PJM Electricity futures contracts and how to keep these specifications up-to-date.
  • The meaning of futures-related terms such as "cash", "prompt month", "final settlement", "daily settlement", "open interest", and "cash-settled".
  • Why physical prices and futures prices converge.
  • The pros and cons of futures contracts versus over-the-counter financial instruments.
  • How arbitrage traders keep physical energy prices in equilibrium with energy futures contracts.
What You will Learn - Session #2
  • The role of the futures exchange, futures commission merchants and other key players.
  • How the NYMEX is structured and how it operates.
  • The difference between the NYMEX futures market, the CME-Globex electronic system, ICE Futures, and NYMEX's ClearPort online trading platform.
  • How energy futures contracts are bought and sold both on the floor of the exchange and electronically.
  • The role of locals, floor brokers, floor reporters, clockers and other exchange participants.
  • How your order to buy or sell futures contracts is executed through the exchange.
  • The meaning of "At-the-Market", "Limit", "Stop-loss", "Market-if-Touched" and other types of broker orders.
  • How to go to standard delivery through the NYMEX.
  • How margining works, and what the differences between original, variation, maintenance, spot and super-spot margins.
  • How your futures account and margining requirements are managed by brokerage houses and the exchange.
  • What funding risk is and how it can destroy your hedging program. (A seminar exercise).
Your Instructor

John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.

Who Should Attend this Seminar

These seminar sessions will benefit those organizations and professionals interested in learning the relationship between coal, natural gas and electric power prices and the basics of power generation economics. Energy producers, utilities, banks, law firms, municipals, ISOs, power marketers, industrial companies, and electric generators will gain valuable insights, as will energy and electric power executives, traders, marketers, (sales, purchasing and risk management professionals), accountants, trading support staff, auditors, attorneys, government regulators, rate-making specialists, plant operators, engineers and corporate planners.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS program today, and join over 12,000 energy and financial professionals who have already attended one or more of PGS's proven courses. View Past Seminar Attendees

Prerequisites

This seminar has no prerequisites. No advance preparation is required before the seminar.

Registration Fee

Each session is $149 for the first attendee, $75 for the second attendee, and $45 for each attendee thereafter.

Flexible viewing options are available for groups of 10 or more.
Please call Janice Ohmura for details at (440) 853-1038.

Click Here to Register

Payment and Cancellations

Payment can be made by Visa, Master Card, American Express, Diners Club, check or wire transfer. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane HHP · Hilton Head Island, SC 29926. Due to the nature of this pre-recorded product, no refunds are possible, but full credit for one year will be given toward another seminar. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

PGS Energy Training · 26 Teal Lane · Hilton Head Island, SC 29926
Tel: (440) 853-1038 · Fax: (866) 230-1261 · newinfo@pgsenergy.com · Privacy Policy