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  1. Certifications
  2. >
  3. Capital Markets Immersion

Capital Markets Immersion

The “capital markets” are places that bring buyers and sellers together to exchange or trade stocks, bonds, currencies, and numerous other types of financial instruments. The complexity of these markets has exploded, and the markets themselves range from highly automated, sophisticated and systematized technologically to those that are “over the counter,” one-to-one or loosely structured trades. This program seeks to help you dig through this complexity and develop a strong working understanding how capital markets work.
Spencer Morris
Doug Carroll
Doug CarrollSpencer Morris
Finance | core | 24 hours 20 minutes

    Discussions

Overview

4.2KSTUDENTS*
94%RECOMMEND*

This journey includes:

  • 24+ hours of on-demand video
  • 19 modules
  • Core level
  • Direct access/chat with the instructor
  • 100% self-paced online
  • Many downloadable resources
  • Shareable certificate of completion
The “capital markets” are places that bring buyers and sellers together to exchange or trade stocks, bonds, currencies, and numerous other types of financial instruments. The complexity of these markets has exploded, and the markets themselves range from highly automated, sophisticated and systematized technologically to those that are “over the counter,” one-to-one or loosely structured trades.  This program seeks to help you dig through this complexity and develop a strong working understanding how capital markets work.

Skills You Will Gain

Capital Markets
Derivatives

Learning Outcomes (At the end of this program you will be able to)

  • Understand the basic functioning of the capital markets
  • Define the products, players and markets
  • Discuss and appreciate the fixed income/bond markets
  • Discuss and appreciate the equity/stock markets
  • Discuss and appreciate the currency and derivative markets

 

Who Should Attend

Anyone new to the financial business and eager to understand how the capital markets work, some of the key products used in those markets, and how the players interact.

Curriculum

Experts

Frequently Asked Questions

How much do the courses at Starweaver cost?

We offer flexible payment options to make learning accessible for everyone. With our Pay-As-You-Go plan, you can pay for each course individually. Alternatively, our Subscription-Based plan provides you with unlimited access to all courses for a monthly or yearly fee.

Do you offer any certifications upon completion of a course at Starweaver?

Yes, we do offer a certification upon completion of our course to showcase your newly acquired skills and expertise.

Does Starweaver offer any free courses or trials?

No, we don't offer any free courses, but we do offer 5-day trial only on our subscriptions-based plans.

Are Starweaver's courses designed for beginners or advanced students?

Our course is designed with three levels to cater to your learning needs - Core, Intermediate, and Advanced. You can choose the level that best suits your knowledge and skillset to enhance your learning experience.

What payment options are available for Starweaver courses?

We accept various payment methods such as major credit cards, PayPal, wire transfer, and company purchase orders. For more information related to payments contact customer support.

Do you offer refunds?

Yes, we do offer a 100% refund guarantee for our courses within a specified time frame. If you are not satisfied with the course, contact our customer support team to request a refund with your order details. Some restrictions may apply.

*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.
Capital Market Road Map

Capital Market Road Map

Fundamental Financial Math

Fundamental Financial Math

Part 1: Capital Market Road Map

This course will give you a brief, but broad introduction of the capital markets - who are the primary participants, issuers, investors, intermediaries, what they trade thre, and both the applications of the products, and much more....

Part 2: Fundamental Financial Math

This course will introduce you to a wide variety of calculations and related concepts that are used by financial market participants in a wide variety of applications - calculating prices, rates of return, and yields for example. Much more...

Interest Rate Swaps

Interest Rate Swaps

Part 7: Interest Rate Swaps

This course looks at interest rate swaps in detail. First, swaps in general are introduced, then we will be looking at the structure of the most common type of interest rate swap - the fixed or floating interest rate swap. And more...

Introduction to Futures and Options

Introduction to Futures and Options

Part 6: Introduction to Futures and Options

This course will introduce derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. The course then segues into a detailed discussion of how these all work.

Yield Curve Dynamics

Yield Curve Dynamics

Part 3: Yield Curve Dynamics

This comprehensive course will cover a variety of issues relating to yield curves, their construction, and their use in a variety of analytical applications to assess risk and return.

Fixed Income Securities

Fixed Income Securities

Part 4: Fixed Income Securities

This course will introduce you to the market for fixed income securities, provide you with a lot of details on the characteristics of fixed income securities , as well as discuss specific characteristics of FI specific sectors.

Equity Products

Equity Products

Part 5: Equity Products

Introduction to the types of equity products, types of shares and exchanges, investors, diversification and volatility.

1Welcome to the course!
2Interest Rate Conventions and Time Value of Money
3Debt Security Pricing
4Bond Yields and Rates of Return
1Welcome to the course!
2Introduction to Interest Rate Swaps
3Risk Management of Floating Rate Liabilities
4OTC Clearinghouses
5Swap Pricing and Valuation
6Risk Management with Interest Rate Swaps
1Welcome!
2Introduction to Derivatives
3Introduction to Futures Contracts
4Future Contracts Trading and Cash Flows
5Futures Pricing
6Introduction to Options
7Option Pricing and Applications
1Welcome!
2Introduction to Yield Curves
3Duration and its Applications
4The Level of Rates and Shape of the Yield Curve
5Spot Rates and Forward rates
6Total Return Analysis
7Tools
1Welcome!
2Capital Markets Overview
3Fixed Income Markets
4Equity Markets
5Currency and Derivatives Market
1Welcome!
2Equities Introduction
3Equity Indices
4How to Buy the Market
1Welcome!
2Introduction to Fixed Income Securities and Markets
3Bond Contact Features and Investment Characteristics
4Types of Fixed Income Securities

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

Futures Terminology and Contract Features

Futures Terminology and Contract Features (Slides)

Physical Delivery to Close a Futures Position

Physical Delivery to Close a Futures Position (Slides)

Cash Settlement, OTC Derivatives

Cash Settlement, OTC Derivatives (Slides)

Futures Clearinghouse and Third Party Contracts

Futures Clearinghouse and Third Party Contracts (Slides)

Futures Margins and Futures Contracts

Futures Margins and Futures Contracts (Slides)

Cost of Carry/Carrying Charges

Cost of Carry/Carrying Charges (Slides)

Cost of Carry Pricing and The Forward Pricing Curve

Cost of Carry Pricing and The Forward Pricing Curve (Slides)

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

Spencer Morris

Spencer Morris

With over two decades in finance and a wealth of experience in banking and trading, I have dedicated my career to developing and delivering high-impact financial training. My background includes extensive work on equity and interest rate trading floors, which has enriched my ability to teach complex financial concepts with practical insights. Over the past 12 years, I have trained tens of thousands of students, ranging from graduates and sales staff to high-level executives and family office managers, across various asset classes including equities, fixed income, and foreign exchange. My approach to financial education is rooted in a deep understanding of market dynamics and regulatory environments. I have designed and delivered training programs for a broad spectrum of clients, from traditional funds and hedge funds to central banks and sovereign wealth funds. My expertise spans from basic to advanced derivatives courses, accounting and valuation classes, and comprehensive staff training across all levels and functions within financial institutions. I bring a unique blend of practical experience and instructional excellence to my teaching. Having worked with major financial institutions and asset managers globally, I am adept at creating tailored training solutions that address specific client needs. My goal is to empower professionals with the knowledge and skills necessary to navigate complex financial landscapes and make informed decisions in their roles.
VIEW MY CHANNEL
Doug Carroll

Doug Carroll

With over 40 years of experience in financial markets and instruments, I bring a wealth of expertise to training and education. My background spans across sales, trading, and investment management, providing me with a comprehensive understanding of various financial topics. I specialize in designing and delivering interactive, high-energy training sessions that bridge the gap between theoretical concepts and practical applications. My diverse experiences have enabled me to cater to audiences ranging from industry newcomers to seasoned professionals, ensuring that each session is tailored to the participants' needs. Throughout my career, I've developed and led training programs on a wide array of subjects including bond math, equity derivatives, portfolio management, and fixed income analytics. My ability to communicate complex topics effectively in both classroom settings and digital formats has been honed through years of delivering presentations and creating educational content for global audiences. Whether through live webinars or in-person sessions, I am dedicated to providing impactful learning experiences that resonate with participants and enhance their professional skills. In addition to my extensive training background, I hold advanced degrees in finance and economics and have earned numerous professional licenses. This rigorous academic and practical grounding supports my ability to deliver content that is both relevant and insightful. My passion for education drives me to continually refine my teaching methods and engage with learners, making each training session a valuable opportunity for growth and development.
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Option Fundamentals: Contract Features and Terminology

Option Fundamentals: Contract Features and Terminology (Slides)

Option Contract Example: Long Call Positions

Option Contract Example: Long Call Positions (Slides)

Option Pricing Basics

Option Pricing Basics (Slides)

Time Value, Intrinsic Value and Moniness

Time Value, Instrinsic Value and Moniness (Slides)

Short Option Positions

Short Option Positions (Slides)

Investment Characteristic of Options

Investment Characteristic of Options (Slides)

Overview of Long Put, Short Call and Short Put Positions

Overview of Long Put, Short Call and Short Put Positions (Slides)

Fixed for Floating Interest Rate Swaps

Fixed for Floating Interest Rate Swaps (Slides)

Periodic Settlement Payments on Interest Rate Swaps

Periodic Settlement Payments on Interest Rate Swaps (Slides)

Hedging Cash Flow Uncertainty with Interest Rate Swaps

Hedging Cash Flow Uncertainty with Interest Rate Swaps (Slides)

Net Interest Cost of a Synthetic Fixed Coupon Bond

Net Interest Cost of a Synthetic Fixed Coupon Bond (Slides)

Option Pricing and Sensitivities (Option "Greeks")

Option Pricing and Sensitivities (Option "Greeks") (Slides)

Option Deltas

Option Deltas (Slides)

Delta Hedging

Delta Hedging (Slides)

Delta Neutral Hedging Example

Delta Neutral Hedging Example (Slides)

Black-Scholes and Option Volatility (Vega)

Black-Scholes and Option Volatility (Vega) (Slides)

Implied Volatility and Volatility Trading

Implied Volatility and Volatility Trading (Slides)

Bond Yields

Bond Yields (Slides)

Yield to Maturity

Yield to Maturity (Slides)

Yield to Maturity Versus Rate of Return

Yield to Maturity Versus Rate of Return (Slides)

Yield to Maturity as an Expression of Current Value

Yield to Maturity as an Expression of Current Value (Slides)

Introduction to Equity Securities

Introduction to Equity Securities -Slides

Investment Characteristics and Valuation of Equity Securities

Investment Characteristics and Valuation of Equity Securities -Slides

Valuation of Equities Using Earnings Multiples (P/E Ratios)

Valuation of Equities Using Earnings Multiples (P/E Ratios) -Slides

Yield Curve Shapes and the Level of Interest Rates

Yield Curve Shapes and the Level of Interest Rates (Slides)

Yield Curve Theories

Yield Curve Theories (Slides)

Yield Curves and the Business Cycle

Yield Curves and the Business Cycle (Slides)

Pricing Zero Coupon Bonds

Pricing Zero Coupon Bonds (Slides)

Pricing Coupon Bonds

Pricing Coupon Bonds (Slides)

Bond Pricing Versus Bond Valuation

Bond Pricing Versus Bond Valuation (Slides)

Pricing Discount Securities

Pricing Discount Securities (Slides)

Discount Rates Versus Bond Equivalent Yield

Discount Rates Versus Bond Equivalent Yield (Slides)

Interest Rates and Yields

Interest Rates and Yields (Slides)

Interest Rates and Rates of Return

Interest Rates and Rates of Return (Slides)

Interest Rate Conventions and Time Value of Money Part 1

Interest Rate Conventions and Time Value of Money Part 1 (Slides)

Interest Rate Conventions and Time Value of Money Part 2

Interest Rate Conventions and Time Value of Money Part 2 (Slides)

Compound Interest

Compound Interest (Slides)

Time Value of Money and Bond Pricing

Time Value of Money and Bond Pricing (Slides)

Introduction to Swaps

Introduction to Swaps (Slides)

Interest Rate Swap Basics

Interest Rate Swap Basics (Slides)

Interest Rate Swap Contract Features

Interest Rate Swap Contract Features (Slides)

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Spencer Morris

Key pointers for success in this course

Major Market Segments and Types of Instruments

Major Market Segments and Types of Instruments-Slides

Economic Functions of Capital Markets

Economic Functions of Capital Markets-Slides

Securities Markets and Important Market Participants

Securities Markets and Important Market Participants-Slides

Commercial Banking and Investment Banking

Commercial Banking and Investment Banking-Slides

Primary and Secondary Markets

Primary and Secondary Markets-Slides

Primary Market Offerings

Primary Market Offerings-Slides

Roles of Financial Intermediaries

Roles of Financial Intermediaries-Slides

Comparing Securities to Derivatives

Comparing Securities to Derivatives-Slides

Total Return Analysis

Total Return Analysis (Slides)

Total Return Analysis Illustration

Total Return Analysis Illustration (Slides)

Introduction to Fixed Income Securities

Introduction to Fixed Income Securities-Slides

Fixed Income Securities: Sources of Return and Types of Risk

Fixed Income Securities: Sources of Return and Types of Risk -Slides

Government and Government Agency Securities

Government and Government Agency Securities -Slides

Corporate Securities and Structured Securities

Corporate Securities and Structured Securities -Slides

Bond Pricing and Valuation

Bond Pricing and Valuation -Slides

Yield Curves, Credit Markets and the Business Cycle

Yield Curves, Credit Markets and the Business Cycle -Slides

Yield Curves, Monetary Policy and the Real Economy

Yield Curves, Monetary Policy and the Real Economy -Slides

Bond Contact Features

Bond Contact Features (Slides)

Bond Coupons, Accrued Interest and Bond Pricing Conventions

Bond Coupons, Accrued Interest and Bond Pricing Conventions (Slides)

Day Count Conventions & Bond Retirement

Day Count Conventions & Bond Retirement (Slides)

Types of Risk

Types of Risk (Slides)

Sources of Return and Bond Yields

Sources of Return and Bond Yields (Slides)

Bond Yields, Yield to Maturity and Rate of Return

Bond Yields, Yield to Maturity and Rate of Return (Slides)

Yield Curves

Yield Curves (Slides)

Tracking Funds

Tracking Funds (Slides)

Exchange Traded Funds (ETF's)

Exchange Traded Funds (ETF's) (Slides)

Introduction to Derivatives

Introduction to Derivatives (Slides)

Forward Contracts

Forward Contracts (Slides)

Futures

Futures (Slides)

Equity Swaps

Equity Swaps (Slides)

Options

Options (Slides)

Structured Products (Warrants, Certificates and Notes)

Structured Products (Warrants, Certificates and Notes) (Slides)

OTC Clearinghouses

OTC Clearinghouses (Slides)

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse

Cleared Swaps Versus OTC Swaps Ex-Clearinghouse (Slides)

Functioning of OTC Clearinghouses

Functioning of OTC Clearinghouses (Slides)

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

Terminating a Swap Before Maturity

Terminating a Swap Before Maturity (Slides)

Interest Rate Swap Pricing

Interest Rate Swap Pricing (Slides)

Pricing Fixed for Floating Interest Rate Swaps

Pricing Fixed for Floating Interest Rate Swaps (Slides)

Valuing Swaps, Hedging Cash Flow Uncertainty

Valuing Swaps, Hedging Cash Flow Uncertainty (Slides)

Managing the Cash Flow Risk of Fixed and Floating Rate Assets

Managing the Cash Flow Risk of Fixed and Floating Rate Assets (Slides)

Basis Swaps (Fixed Versus Floating Swaps)

Basis Swaps (Fixed Versus Floating Swaps) (Slides)

Capital Market Equivalents for the Fixed and Floating Rate Payers

Capital Market Equivalents for the Fixed and Floating Rate Payers (Slides)

Value Hedging, Asset Swaps

Value Hedging, Asset Swaps (Slides)

Variations in the Structure of Interest Rate Swaps

Variations in the Structure of Interest Rate Swaps (Slides)

Structuring and Pricing Basis Swaps

Structuring and Pricing Basis Swaps (Slides)

Clearinghouse and Futures Trades

Clearinghouse and Futures Trades (Slides)

Comparing Futures Versus Underlying Positions

Comparing Futures Versus Underlying Positions (Slides)

Futures Position Cash Flows and Hedging with Futures

Futures Position Cash Flows and Hedging with Futures (Slides)

Futures Positions: Risk and the Cost Taking Position

Futures Positions: Risk and the Cost Taking Position (Slides)

Spot Rates and Spot Rate Curves

Spot Rates and Spot Rate Curves (Slides)

Calculation of Spot Rates

Calculation of Spot Rates (Slides)

Bond Valuation and Rich/Cheap Analysis

Bond Valuation and Rich/Cheap Analysis (Slides)

Treasury Strips and the Strip Rate Curve

Treasury Strips and the Strip Rate Curve (Slides)

Forward Rates

Forward Rates (Slides)

Calculating Forward Rates

Calculating Forward Rates (Slides)

Forward Rate Applications

Forward Rate Applications (Slides)

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

About this course: Overview, Learning Outcomes, Prerequisites & Target Audience

Course Trailer

Instructor Bio: Doug Carroll

Key pointers for success in this course

Introduction to Duration

Introduction to Duration (Slides)

Types of Duration

Types of Duration (Slides)

Modified Duration

Modified Duration (Slides)

Duration Illustration

Duration Illustration (Slides)

Duration of Callable Bonds

Duration of Callable Bonds (Slides)

Types of Products/Shares

Types of Products/Shares (Slides)

Buying Shares & Equities

Buying Shares & Equities (Slides)

Tesco Example

Tesco Example (Slides)

Types of Shares and Exchanges

Types of Shares and Exchanges (Slides)

Depository Receipts

Depository Receipts (Slides)

Types of Investors, Diversification and Volatility

Types of Investors, Diversification and Volatility (Slides)

Introduction to Fixed Income Securities and Markets

Introduction to Fixed Income Securities and Markets (Slides)

The Primary Market: Issuing Bonds to Borrow Funds

The Primary Market: Issuing Bonds to Borrow Funds (Slides)

Similarity of Bonds to Loans & Bond Valuation Issues

Similarity of Bonds to Loans & Bond Valuation Issues (Slides)

Types of Indices Part I

Types of Indices Part I (Slides)

Types of Indices Part II

Types of Indices Part II (Slides)

Yield Curves & Government Securities

Yield Curves & Government Securities (Slides)

Government Bonds & US Treasury Securities

Government Bonds & US Treasury Securities (Slides)

Corporate Fixed Income Securities

Corporate Fixed Income Securities (Slides)

Credit Risk of Corporate Securities & Trust Indentures

Credit Risk of Corporate Securities & Trust Indentures (Slides)

Secured and Unsecured Bonds

Secured and Unsecured Bonds (Slides)

Convertible Securities

Convertible Securities (Slides)

Preferred Stocks & Introduction to Structured Securities

Preferred Stocks & Introduction to Structured Securities (Slides)

Asset Securitization & Introduction to Mortgage Backed Securities

Asset Securitization & Introduction to Mortgage Backed Securities (Slides)

Mortgage Backed Securities

Mortgage Backed Securities (Slides)

CMOs & Introduction to Asset Backed Securities

CMOs & Introduction to Asset Backed Securities (Slides)

Credit Card and Auto Loan Asset Backed Securities

Credit Card and Auto Loan Asset Backed Securities (Slides)

Collateralized Debt Obligations

Collateralized Debt Obligations (Slides)

CDOs and Money Market Instruments

CDOs and Money Market Instruments (Slides)

Agency Securities & Regional/Local Government Debt Securities

Agency Securities & Regional/Local Government Debt Securities (Slides)

Types of Derivative Contracts and Their Characteristics

Types of Derivative Contracts and Their Characteristics (Slides)

Derivatives Compared to Securities

Derivatives Compared to Securities (Slides)

Derivatives Defined

Derivatives Defined (Slides)

Introduction to Yield Curves

Introduction to Yield Curves (Slides)

Types of Yield Curves and Yield Curve Spreads

Types of Yield Curves and Yield Curve Spreads (Slides)

Yield Curve Spreadsheet

Currency Markets and Factors Affecting Exchange Rates

Currency Markets and Factors Affecting Exchange Rates -Slides

Types of Derivative Contracts and Their Characteristics

Types of Derivative Contracts and Their Characteristics -Slides

The Real Meaning of "Derivatives" and Their Use in Managing Risk

The Real Meaning of "Derivatives" and Their Use in Managing Risk -Slides