Eleven international delegates successfully completed our new Managing Risk training.

The one-and-a-half-day course took place in Festival City, Dubai from 29-30 August and was delivered by industry expert Chris Kramedjian (risk management consultant with INTL FCStone). The training focused on key areas of risk management for the cotton trade – from gaining a deeper understanding of how ‘Futures and Options’ work to developing trading plans and strategies.
Following the training, Chris Kramedjian said: “Futures and options are essential for cotton price risk management, but we often focus too much on the instruments rather than how they are being used in different firms and situations. While we focused on futures and options, our main goal was to have attendees come away with an actual risk management plan to build on. After all, we don’t want them to fit their business to derivatives, but to learn how derivatives fit their business.”
Petros Piki (finance controller and head of strategy at Cotton Company of Zimbabwe) was one of the delegates who benefited from the training: “It was a good networking experience and excellent introductory course for further understanding of risk management skills development”.
The training built on delegates’ basic subject knowledge and covered the following modules: Identifying and Quantifying Risk, Global Economy, Technical Analysis, Futures and Options.
Following the success of this training, we plan to run more in 2013. You can view photos from the event here >