Simulation Platform

Optimise your abilities with the Simulation Platform

Whether you have gained knowledge in daily practice at work or at our simulation platform, one day the moment you need to apply it will appear. However, the impact of a potential error often forms an obstacle to get started with full force and with maximum enthusiasm. Practising in advance on a safe simulation platform without consequences removes the hindrances and helps you to gain confidence.

Simulation Platform

The simulation platform is an online platform with simulations to master product knowledge, pricing expertise, trading strategies, risk management and trading operations for every professional in the commodity or energy markets with a business, control or support function.

Feel competent and confident

Practice on the simulation platform will lead to a range of improvements and it enhances your knowledge, skills, and your overall performance in the wholesale markets. You will feel much more competent and confident with concepts, processes and terminology.

Inside the Simulation Platform

A short preview of the simulations and trading environment

  • Learn about commodity trading operations
  • Manage daily operations and related deal-making
  • Relate the asset & client portfolio to market activity
  • Master fundamental price driving factors
  • Learn how physical features impact production costs
  • Master pricing mechanisms
  • Control or support the trading process
  • Learn about competitive pricing
  • Simulate again altering your approach
  • Test whether you are fit-for-purpose
  • Tutorials guide you
  • Master balancing of a power portfolio

“Learn-by-doing: see through the eyes of your colleagues & peers”

Simulation Platform Training Clusters

Within specific fields of expertise, our simulation platform offers “Training Clusters” (a limited number of simulations).

24/7 access to simulations

The trading simulations cover different products, various technical aspects and strategies, risk management and trading activities. Run the trading simulations repeatedly, each time with a new scenario, they mimic real market conditions. They help you to apply knowledge, optimise competencies and increase expertise.

Licence for group

It is possible to obtain a group licence for each Training cluster
1 year full access

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Our study advice is based on a well-thought plan of education which relies on our extensive experience as a provider of learning services. Nevertheless, the advice concerns a recommendation, certainly not a must. Our study advice is as follows:

For non-traders (hence, any professional operating in or relating to the wholesale markets):

Starters:
You are advised to follow the first simulations (nr. 1-15), consecutively. This way, you are guided to master basic concepts, processes, technicalities and related terminology. This way, you also learn about trading technicalities and, thus, how, you can transact, as well as how to read all reflected data and graphical representations. Hereafter, you should be ready to follow any other simulation.

Advanced:
You are advised to follow any simulation of preference, possibly concerning a specific commodity, and eventually regarding a particular activity or strategy. This way, you can extend your knowledge base, or apply what you already have learnt.

For traders:

Starters:
New recruits can use the simulations to kick-start their career. You are advised to follow the first simulations (nr. 1-15), consecutively. This way, you are guided to master basic concepts, processes, technicalities and related terminology. This way, you also learn about trading technicalities and, thus, how, you can transact, as well as how to read all reflected data and graphical representations. Hereafter, you should be ready to follow any other simulation.

Advanced:
You can follow any simulation of preference, but especially those on ‘Options’ may be very informative. These simulations allow you to master this type of derivative and its pricing, as well as the related risk parameters (Greeks). This knowledge can be applied to trade the products, as well as to model flexibility embedded in supply contracts and physical capacity.

Whether you have gained knowledge in daily practice at work or at our Learning Platform, one day, the moment will appear that you need to apply it. However, the impact of a potential error often forms an obstacle to get started with full force and with maximum enthusiasm.

Exercise without risk

Practising in advance in a safe environment without consequences removes the hindrances and helps you to gain confidence and embed knowledge at a deeper level.

Practise unlimited

The aim of the simulation platform is manifold. It includes simulations to familiarise with order submission, order matching, price formation, market analysis and price forecasting, trading strategies, trading technicalities, position management, clearing, settlement, margining, transaction cost, order types, risk management, value at risk, the Greek variables, and many more topics and themes.

Objectives

The bundle of trading simulations includes the following learning objectives:

  • Master basic processes & concepts – Incl. related terminology
    • The trading environment
    • The trade process & the contract lifecycle
    • Straight through processing (of orders and deals)
    • The decision-making process, psychology of markets and handling emotions
  • Become an expert in trading
    • Transacting or deal-making (buying & selling)
    • Open a position & close a position
    • Order types, plus order submission, processing and matching
    • Hitting & lifting
    • Market making & market taking (the role of initiator versus aggressor)
  • Learn about position management
    • Long/short (master short selling)
    • Netting (multilateral)
  • Conquer types of product
    • Forwards, futures & options
    • Spreads (cross-commodity spreads, time spreads, location spreads)
  • Assure your expertise in pricing
    • Price formation, order book and bid & ask
    • Market liquidity
    • Price volatility
  • To familiarise with the look & feel of screen-based trading
    • What is shown on a screen? And which details matter most?
    • Analyse what bid or ask stands for
  • Master the working of an order book
    • To analyse the bid-ask spread
    • To observe market depth
    • Master OTC trading and the usances in bilateral deal-making, including:
    • Master agreement, credit risk management (limits) & the role of inter-dealer brokers
  • Overcome exchange-trading
    • Clearing
    • (Cross-)margin
  • Learn about risk management
    • Value at risk (VaR)
    • Price correlation
    • Greek variables (Delta, Gamma, Vega, Theta, Rho)
  • Perform market analysis
    • Processing data &, news as well as price forecasting
    • Fundamental analysis, technical analysis, quantitative analysis, psychological analysis
  • Price chart analysis
    • Dynamic graphical representation of the price development
    • Charting: Support & resistance lines, as well as confirmation & reverse patterns
  • Forward curve analysis
    • Static graphical representation of prices of contracts with a different time-to-maturity
    • Contango & Backwardation
    • Cost of carry
  • Master FX trading
    • Exchange one currency position for another currency position, as you like
    • Monitor FX rate developments and the impact of it for deal-making
    • Provide price quotations & learn about FX exchange rates
    • Experience inter-bank transactions
  • Become an expert in timing
    • For any market participant, timing is essential; it will impact the financial performance.
  • Learn how to optimise the financial performance
    • Experience future cash flows are margins can be assured
  • Interpret result – Understand the financial statement
    • Take into account relevant aspects in order to qualify or to quantify the performance:
      • Direct transaction costs (fees), as well as indirect transaction costs (slippage)
      • Profit & loss (P/L), realised (after liquidation) & unrealised (open positions; M-to-M)
    • The process of (cash) collateralisation
      • Deposits (initial margin + variation margin)
    • Cash management
      • Finance liquidity & working capital
    • Identify transaction cost
      • Exchange fee & clearing fee
  • Learn about trading psychology (mental management)
    • Experience the gaming effect – Experience stress & adrenaline due to market dynamics
    • Experience a profit, but also a loss; hence, an a-symmetric mental experience
    • Experience the market going against your position
    • Perform multi-tasking

Our (Self-study) Learning Platform

As the Trading Simulations are provided at different levels, embedding different layers of complexity, a certain minimum understanding of markets and trading is very desirable. In order to master the concepts and processes plus related terminology, which are covered by the simulations, users are recommended to follow ENTRIMA’s Online (Self-study) Courses.

The following online courses are of direct relevance for the simulations:

Try a simulation

Experience what it means to learn in an interactive environment that mirrors real-world dynamics in the commodity & energy markets. The online simulation lets you explore scenarios, make decisions and observe outcomes in a safe, engaging setting.

Curious how it works? Try the simulation yourself and discover the impact of applied science; hence, Learning-by-doing.

Simulation Platform (Competence Trainer)

See through the eyes of your colleagues
& learn-by-doing

Run simulation (free)

Frequently asked questions

For whom is the Simulation Platform most useful?

The Simulation Platform is suitable for any professional in the commodity & energy markets with a business, control or support function. This includes regulators, compliance officers, surveillance experts, risk managers, analysts, clearing specialists, settlements officers and IT professionals, as well as junior traders and brokers.

How does it work?

Practice your abilities unlimited without risk. The simulations mimic real-life situations at work and the required market-related actions. A user can, for instance, act in the capacity of a trader and perform screen-based training, via a front-end trading system (replicating both OTC trading and exchange-trading), as well as by responding to telephone calls, either based on a dedicated assignment or free format (in any role of choice).

Is it difficult to perform the training?

No, there are five ways to guide you, namely 1. instructions (pre-simulation), 2. a tutorial (at the start of the simulation), 3. reminders (during the simulation), 4. report & advice (post-simulation), and 5. exam.To ensure progress is not hindered, a tutorial helps you to get started, while reminders are generated during the simulations to keep you on track.

What ensures that I improve my competencies with the Simulation Platform?

You turn information into knowledge. The Simulation Platform facilitates the conversion of information into knowledge by guiding learners through active engagement, critical analysis, and practical application of lessons learnt.

How much time will it take me to go through all the simulations?

At every simulation you can choose to run it in fast mode (5 minutes), medium (10 minutes) or slow (30 minutes). Next, you have access to a multitude of (different) simulations. This means you need to multiply by this number. Furthermore, as you may run each simulation unlimited times, you can spend as much time as you’d like. Luckily, every time you run the same simulation;you will face other circumstances just like in reality (random scenarios lead to different market developments).

What are my options if the validity period of my licence has expired but I haven’t gone through everything yet?

Send your request to renew your licence per email to info@entrima.org. Upon your payment we’ll effectuate your renewal.

Can I extend the validity period of my licence?

Yes, easily. Send your request to extend the validity period of your licence per email to info@entrima.org. Upon your payment we’ll extend the validity period, or (if already expired) we’ll effectuate your renewal.

Do I get a certificate if I have completed everything correctly?

Any simulation ends with an exam, consisting of a selection of questions. Upon passing you’ll be certified instantly, ready for immediate download from the system, so that you can upload into your corporate and/or personal files.

How can I develop my competencies even further?

ENTRIMA offers a variety of learning services. Amongst these, a tailored training guided by a tutor (online or on-site) might be preferred, although ENTRIMA’s “Intervision” service is another excellent option to extend your knowledge and skills by reflecting on a wide range of topics ongoing. This way, continuous professional developed is effectuated.

Upskilling professionals across the world’s key hubs

In the global commodity & energy markets, trading, risk management and trade operations  run around the clock. The major hubs - Singapore, Shanghai, Dubai, Abu Dhabi, Geneva, Riyadh and London - connect physical flows with financial markets, regulation and technology-driven operations.

ENTRIMA provides a 24/7 learning offering designed for professionals working in these fast-moving centres. With flexible, blended-learning journeys accessible anytime and anywhere, you stay aligned with the pace, complexity and continuous evolution of worldwide commodity markets.

Commodity & Energy Markets

ENTRIMA has trained numerous professionals and certified thousands of learners, and counting