Series 3 · National Commodities Futures Examination

​Exam Preparation Workshop
2017.09.12 - 09.13 Chicago

If you want to start your career in Chicago, Series 3 is a must. 

  What is Series 3 Exam?

​Series 3 Exam is a National Futures Association (NFA) exam administered by FINRA. ​​
  • A must for doing futures business
NFA requires any person doing futures business with the public to register with and be licensed by NFA. You must pass the Series 3 to be qualified with the NFA as an associated person.
  • Ace your dream job
If you are looking for a position in introducing brokers, futures commission merchants, commodity trading firms, or any other futures related companies, this certification will make you stand out from the candidates.
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 Who should Attend the Workshop?

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  • Anyone willing to start a career in the derivatives industry as brokers, sales, traders, asset managers, commodity trading advisor, commodity pool operators, or any other supporting roles in compliance, information technology, risk management, operations, marketing.
  • Anyone requiring an in-depth understanding of futures and options markets, their institutions and their participants.
 
The course highly beneficial for those who support trading, compliance, information technology, risk management, operations, marketing, sales, supply and distribution, treasury and accounting, as well as regulators and policy makers will find the course highly beneficial. Lastly, the course covers all the test topics of the Series 3 Exam, the basic proficiency standard for industry professionals.

  What will You Get after the Workshop?                                       

After the course you will be able to:​
  • Describe trading and uses of futures and be able compare and contrast futures to securities and cash market products
  • Understand futures trading theory, basic functions, characteristics, pricing and terminology
  • Interpret problems faced by those who are either long or short the market and understand how using listed contracts alleviates those problems by calculation of profit or loss with/without futures implementation
  • Explain the principles of margins, offset, settlement
  • Understand the strategy used in different order types
  • Describe the nature of “basis risk” and how it may impact normally robust hedging results
  • Describe the nature of future spreads as “relative positions”
  • Identify the principles of hedging and cash-futures price relationships as well as the importance of the basis
  • Understand the use of futures to hedge exposure to an underlying commodity or to speculate on a future price
  • Enumerate the uses of stock-indexes, foreign exchange, energy, metals and other futures-based commodities
  • Understand options nomenclature including premiums, exercise, assignment and settlement
  • Describe option price determinants of option price and how they affect the option premium
  • Understand use of option spreads to focus on a given market forecast; implementing vertical spread, horizontal spread, straddle, strangles,butterfly and condor strategies
  • Compare futures and options on futures as risk management tools
  • Understand portfolio management strategies and tactics using various futures and options products to modify the risk characteristics of a given portfolio

                        Register Information  

CII proudly cooperates with IFM introducing this program.
DATE:
  1. Sep. 12, 2017 9:00am - Sep. 13, 2017 5:00pm
  2. Oct. 24, 2017 9:00am - Oct. 25, 2017 5:00pm
LOCATION: Chicago, IL
EARLY-BIRD: $725
FEE: $795
INSTRUCTOR: Marti Tirinnanzi
 
* Registration is limited to approximately 15 participants to promote student participation and interaction.
** Please arrive 30 minutes before the course to clear security and enter the building. Complimentary morning and afternoon refreshments are provided. Lunch on own.
*** Group Discount: 10% of any registration with 3+ participants.
 
To take advantage of this discount, please contact the IFM at 202-223-1528
or via e-mail at info@theIFM.org.

                                               Instructor

                            MARTI TIRINNANZI

  • ​Marti Tirinnanzi is an expert in financial risk management and hedging strategies using derivatives and swaps contracts. 
  • During her impressive career, she has worked in a variety of different positions from the senior vice president of a swap execution facility (SEF); to a policy director for America's Community Bankers (now the American Bankers Association); and as a review examiner to banking supervision and regulation with the Federal Reserve.
  • She was appointed chairman of the Clearinghouse Working Group of the Federal Housing Finance Agency and under her leadership was involved in the Fannie Mae and Freddie Mac transfer of $3 trillion in interest rate swap contracts. ​
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