Capital Markets Trading & Risk Academy
Ten courses of 100 chapters each, taught through a working dealer rather than a syllabus. A learner starts on a sovereign bond desk, then adds rates, inflation, FX, credit, securitized credit, equities, financing and digital assets, carrying the same discipline into each new market.
10 courses · 100 chapters each · 1,000 chapters · beginner to advanced · spreadsheet first, Python and SQL optional
One desk at a time, not one syllabus for everything
A single cross-asset course either stays shallow or becomes unfinishable. These ten are cumulative instead: each owns one market exclusively, and a concept taught once is applied afterwards rather than retaught. The learner meets a familiar formula only to make a new decision with it.
Each course stands alone for someone who only needs that desk. Taken in order, they build one cross-asset trading and risk capability ending in a graded risk-committee defence.
Ten courses
Every course is 100 chapters across 10 modules, with a module artefact at each close and a final pack the learner defends.
What each course owns, and only that course
Ownership applies to teaching objectives and assessed artefacts. An earlier definition can be referenced later, but its derivation, beginner lesson, numerical lab and assessment are not recreated.
| Course | Market | Exclusive primary teaching object |
|---|---|---|
| 01 | Sovereign Bonds & Money Markets | Cash sovereign bonds, bills, short-term funding, sovereign desk risk |
| 02 | Interest Rate Derivatives | Futures, swaps, swaptions, rate options, the derivatives hedge lifecycle |
| 03 | Inflation & Real Rates | Linker conventions, inflation curves, swaps, breakevens, inflation risk |
| 04 | FX Spot, Forwards & Swaps | Currency conversion, carry, FX forwards, FX swaps and NDFs |
| 05 | FX Options & Structured FX | Currency volatility, vanilla and structured FX optionality |
| 06 | Corporate Credit & CDS | Issuer risk, corporate bonds, credit spreads, CDS and default |
| 07 | Securitized Credit | Mortgage, asset-backed and collateralized loan cash flows and tranching |
| 08 | Equities & Equity Derivatives | Cash shares, corporate actions, equity options and equity risk |
| 09 | Repo & Securities Financing | GMRA, secured funding, collateral, securities lending and specials |
| 10 | Digital Assets & Tokenized Markets | Digital market structure, custody, tokenization, cross-asset risk |
The same ten questions, asked of every market
The markets differ; the discipline does not. Because the shape repeats, a learner who finishes one course knows how to navigate the other nine.
| Market foundations | What the instrument is, who trades it, and why the market exists |
|---|---|
| Conventions and data | Day counts, calendars, quoting, fixings and the as-of discipline |
| Pricing and valuation | From cash flows to a defensible mark, calculated by hand first |
| Execution | How the trade is actually done, quoted, confirmed and settled |
| Funding and carry | What holding the position costs and who pays for it |
| Position and P&L | Attribution that reconciles, not a single movement figure |
| Risk | Sensitivities, scenarios and the limits that constrain the desk |
| Controls and conduct | Independent verification, governance and market conduct |
| Stress and failure | What breaks, how it is detected and what recovery looks like |
| Committee defence | Present the book and defend the numbers under challenge |
Anyone who has to own a number in front of a committee
Written for practitioners rather than as an introduction to finance, and equally for the functions that have to challenge the desk.
Three ways to take Capital Markets Trading and Risk Academy
| Feature | Self-paced | Cohort | Enterprise |
|---|---|---|---|
| Format | Written chapters, video explainers and podcasts | Everything in self-paced, plus scheduled live sessions | Everything in cohort, delivered privately to your team |
| Live sessions | None | Scheduled, instructor-led | Scheduled, instructor-led, private |
| Mentorship | Not offered | Not offered | Not offered |
| Access | Lifetime | Lifetime | Lifetime for every enrolled seat |
| Pace | Entirely your own | Guided schedule with a peer group | Agreed with your desk |
| Tailoring | Fixed curriculum | Fixed curriculum | Sequenced to your markets, systems and governance |
| Best for | Individuals learning around a job | Individuals who want structure and deadlines | Desks building the same capability together |
Get the programme guide
The full chapter list, what each module covers, and how the tiers compare - sent to your inbox as a PDF.
Run this for my desk
Private delivery for your desk, sequenced to your markets and systems. Tell us the team and we will scope it.
Run this for my deskBuild the desk capability, not the certificate
Take one course, sequence several, or bring the academy to a trading, risk or control function.