Equities Markets Certification (EMC©) By Eric Cheung – Wall Street Prep

Your Path to Certification

This course is designed to prioritize and emphasize career development and professional advancement.

We will commence by providing an overview of the trading process for individual equities on an exchange.

We begin by examining the factors that influence a company’s public valuation using the Bloomberg Excel Add-In and the investor relations function.

We then delve into the topic of equity indices and explore various investment strategies available in the market, such as asset managers, ETFs, futures, and Delta One.

Finally, we conclude by discussing securities lending and prime brokerage, specifically analyzing how asset managers provide hedge funds with shares for short selling purposes.

What’s Included

• Cash equities

Cash equities serve as the fundamental components of the equity markets.

We commence by providing a comprehensive outline of the Equities trading floor, delineating the distinct roles and corresponding responsibilities.

Next, we examine exchange trading, including various order types, trading conventions, and the processes of beginning and finishing auctions.

• Valuation of Equity

This course offers a comprehensive introduction to equity valuation, specifically tailored for salespeople and traders.

It covers key concepts such as the P/E ratio and EV/EBITDA.

Let us commence by providing a comprehensive summary of valuation indicators and the factors that influence the income statement.

In this discussion, we will explore the concept of EPS (Earnings Per Share) and the process of reaching a consensus on EPS.

Upon analyzing the notions, we observe the utilization of salespeople, traders, and investors.

• Analysis of three equity indices, asset managers, and exchange-traded funds (ETFs).

Equity indices, such as the S&P500, strongly influence market sentiment.

We commence by examining the primary stock indices and thereafter delve into the intricacies of their composition and computation.

Next, we will examine Asset Managers and analyze their investment strategies for both institutional and individual clients.

• Equity futures and Delta One are two financial instruments.

The majority of traders commence their day by examining Equity Futures.

This course is a continuation of the Equity Indices, Asset Managers and ETFs course, which focused on financed investments.

The Equity Futures and Delta One course emphasizes the study of financial instruments known as derivatives, as well as the strategies employed to replicate the same market exposure without the need for actual capital involvement.

• Five hedge fund strategies

This course elucidates the intricacies of Hedge Fund Strategies and the methodology employed by Hedge Fund Investors to assess Hedge Funds.

We commence by examining conventional equities hedge funds, followed by an analysis of the methodologies employed by burgeoning quantitative hedge funds.

Following that, we will get into Macro, Relative Value, and Credit Hedge funds, which often employ leverage to amplify their profits.

• Securities lending and prime brokerage are two distinct financial services.

What is the process of shorting a stock?

This course covers the procedure for short selling a stock and provides a detailed illustration of how a hedge fund can borrow shares from an asset manager through a securities lender.

We analyze the fee structure and economic aspects of borrowing shares from a securities lender.

• Investing in Environmental, Social, and Governance (ESG) factors, as well as in Green Bonds and Social Bonds.

Over the past ten years, there has been a significant and rapid increase in ESG investing on a global scale.

This course is specifically designed for anyone interested in understanding the role of Sustainable Finance inside an Investment Bank.

It delves into the process of how this change occurred and how the market established the structure and norms for Green Bonds and Social Bonds.

• Obtain the Equities Markets Certification

Trainees have the opportunity to sit for the WSP Equities Markets Certification Exam within a period of 24 months starting from the date of their enrollment.

Individuals who successfully finish the examination and achieve a score higher than 70% will be awarded the certification.

The exam is a rigorous online evaluation that encompasses the most intricate ideas taught in the curriculum.

INTRODUCE YOUR INSTRUCTOR

Eric Cheung

Eric serves as the principal instructor for Wall Street Prep’s Capital Markets and Sales & Trading programs.

Eric’s career in financial markets commenced with his selection as a finalist in J.P. Morgan’s Fantasy Futures trading competition.

Eric has a decade of experience at J.P. Morgan, where he held several positions in DCM, Syndicate, and Sales & Trading.

He was part of the Cross Asset Sales & Structuring department and gained expertise in executing trades across all asset classes.

Eric possesses extensive expertise in International Markets and Cross-Border transactions, having acquired global job experience in New York, London, Hong Kong, and Tokyo.