The purpose, which underpins the current structural curriculum content design of the course study, is to address the challenges facing the capital market of developing economies (which is technically observed lacking not market analysts or traders, but rather professionals unable to analyse the financial securities of the market accurately to the benefit of their client(s) in terms of portfolio management. Though, evidence attests to a progression in performance as to improvement in this field of practice. However, a lot of advanced skill is required in securities trading and risk analysis in the landscape of Africa due to its current poorly developed financial market architecture, characterized by uncertainty, which makes it a sophisticated venture to reliably conduct a scientific forecast within the securities market and evaluate the risk level accurately, in other to have confidence and assurance of quality investment return to the satisfactory benefit of the clients (investor(s).)
The program recognizes and takes into cognizant the various instruments of trade in the securities market like forex, commodity, stock, and bond in both theoretical and experiential study. However, all these products of the financial securities market, which was traded manually and restricted to a geographical area of trading, have advanced in technology into what we currently term it as electronic trading, resulting in a creation of a global market of no boundaries or borders via virtual trading platforms as the most competitive trading ground of the global capital market. As a result, traders with a high level of technical know-how and capital market experience are able to explore the business opportunities relating to the global exchange market, regardless of location and country of residence.
The course content is to equip students in the practical approach or result-oriented application of financial-econometric-analytical skill of forecasting, which is relevant for both Formulated trading (on-the-counter/Electronic transaction) and Unformulated trading (over-the-counter transaction) of the capital market, to explore the following security products like Forex, Commodities, Stocks and Bond trading as a sub-discipline of behavioural finance, unique to developing economic environment. The program is designed in a mechanism to develop modern expertise for the benefit of public Investment Institutions, Fund Management Firms, Corporate funding organizations, with the possibility limited to Micro-financing, Rural Banks, Universal Banks, Risk Management & Evaluation agencies and Insurance firms with the belief that the domestic promotion of the technological approach to the capital market will soon create strong liquidity as a foundation for easy access to capital by entrepreneurs at a lower cost for domestic venture investment.
The course delivers a combination of experiential & technological methods of trading, business-related modules, and capital market sentimental analysis, which are designed from carefully examined accredited materials and performance memos of some of the experienced professionals from the global investment giant companies, affording students the opportunity to supplement the basic theoretical studies with a hands-on experiment on relevant international standard software applications.
The course-study further strengthens another line of investment professionals as an emerging trend in
developing economies, who are Venture capitalists, Angel investors, Acceleration investors, and Bankable & Risk documentation developers for capital raising, to both profit and non-profitable agencies, a skill very unique in addressing the industrial capital accessing frustration by Enterprise Managers of developing and underdeveloped economies of Africa.
Prof. Emmanuel Tweneboah Senzu, DBA, Ph.D.
Elected President of Frederic Bastiat Institute Africa