The Maceio seminar is the third of a popular series of sugar options training seminars held by NYBOT to enhance options trading and hedging skills of sugar producers. Executives from Archer Consulting, Fimat, BioAgencia, and Macquarie presented at this event. The Brazil event complements a heavily attended seminar of similar format for producers of the Center south region held in the city of Sao Paulo, Brazil, in September 2004. An options seminar and roundtable was also held in Miami, Florida, in March, 2005, conducted in Spanish for Central and Latin American producers.
“Our educational seminars are part of the Exchange’s outreach program for NYBOT’s key markets, and they’re specifically designed to stimulate the use of futures and options and help users control price risk,” said Joe O’Neill, Senior Vice President at NYBOT. “The most recent seminars were designed to help the sugar producer use options more effectively, and the feedback we’ve received for all of these events has been overwhelmingly positive.”
The workshops typically consist of three segments: an options tutorial reviewing options basics, elements of options pricing, and options strategies; a market roundtable comprised of presentations by key industry participants and focused on topical issues in the sugar market; and the final segment is a hands on workshop using various volatility and market directional outlooks to construct the most effective hedges.
NYBOT will offer additional advanced workshops focusing on strategies to manage sugar price risk. The exchange plans to extend the program to coffee traders and producers as well. To attend a seminar or to learn more, please contact Patricia Hemsworth, NYBOT Managing Director and program organizer, at 212-748-4098 or phemsworth@nybot.com. Or check the NYBOT website at www.nybot.com. There is usually a small charge to attend the seminars, with proceeds benefiting NYBOT Futures and Options for Kids, the Exchange’s nonprofit organization.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp, and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
