The ACI Dealing Certificate is a foundation programme that allows candidates to acquire a working knowledge of the structure and operation of the major foreign exchange and money markets,application of the fundamental mathematics used in these markets, core products (cash, forwards and derivatives) and basic skills required for competent participation.
The course is designed for the following groups:
- New entrants and junior dealers (0-18 Month’s Experience) in the dealing room
- Middle office and operations personnel
- Auditors and compliance officers
The ACI Dealing Certificate New Version Exam has been designed to cover the basic competence skills for the new entrants in dealing floors and all other financial markets roles related to foreign exchange, interest rates and commodities instruments. The Syllabus has been built to allow basic understanding of these instruments and the related financial markets segments, therefore providing the required competence level for existing or future financial markets professionals. The Syllabus and the respective exam have been redesigned with five topics covering the full range of foreign exchange, interest rates and commodities instruments, as well as their related markets with theoretical and quantitative questions, in addition to financial markets environment and applications with theoretical questions.
Building upon the competence skills provided by the ACI Dealing Certificate New Version, future financial market professionals will be expected to prove their knowledge and adherence to good market practices embedded in the FX Global Code and other relevant industry’s Codes.
The course of study for the ACI Dealing Certificate New Version is designed for:
Recent entrants and junior dealers (0-24 months experience) in the dealing room
Middle office and operations personnel
Compliance and risk officers
The ACI Dealing Certificate New Version is a precursor to the ACI Diploma exams.
There are five core subject areas in the ACI Dealing Certificate New Version:
Financial Markets Environment
Rates (Money and Interest Rate Markets)
The ACI Diploma builds on the ACI Dealing Certificate and the ACI Operations Certificate and is designed to ensure that candidates acquire a superior theoretical and practical knowledge of the foreign exchange and money markets, their related instruments, and the connections between those markets and the practice of risk management. Candidates are expected to have acquired a solid grounding in the core subject areas and have the necessary background in financial mathematics prior to enrolling for the Diploma.
Whereas formerly exam questions for the Diploma were focused on the markets in London and Frankfurt, they have now been extended to encompass developments in Asia and the Americas, ensuring that the examination retains its global relevance. In addition, the new Diploma covers a wider range of topic baskets, including a greater emphasis on risk management in the light of recent developments in global financial markets. In addition to FX and money markets, the new ACI Diploma Covers Fixed Income, Options, FRAs, Swaps, as well as both fundamental and technical analysis.
No transaction can take place without the back-office. It provides a vital service to the front office by ensuring that all funds flow in a timely and correct manner and all necessary documentation is completed. This examination has been designed to provide a benchmark for competency in all aspects of the operations process.
The ACI Operations Certificate supports treasury operations teams and related groups to efficiently cope with stronger competition in the financial markets and to smooth co-operation with supervisory bodies. Candidates will become up-to-date with the latest developments that affect the treasury operations. It also helps candidates to develop a front to end treasury view in terms of process promoting a better understanding between trading community and operations staff.
The course is designed for the following groups:
- Operations staff with at least 2 years of experience and seniors
- Other Trading Room Support Areas
- Internal and external Auditors
- Compliance and Risk Officers
- Product Control
- Vendors
The ACI Operations Certificate New Version exam has been designed to cover the basic competence skills for the new entrants in roles of Back and Middle Office environments, as a well-trained and efficiently organised Treasury Operations Department is essential to complete every financial markets transaction. This Department provides a vital service to the Front Office by ensuring that all funds flow in a timely and correct manner and that all necessary documentation is completed.
Taking into consideration the wider job function of staff in the Treasury Operations Department, the Syllabus has been built to provide a benchmark for competency in all aspects of the operations and settlement processes. It aims to test candidates' knowledge of the underlying instruments involved in the international financial markets, the processes for efficient settlements and related basic financial calculations. Candidates should also be able do demonstrate appreciation of the scope, importance and the role of the Treasury Operations Department, particularly in ensuring an autonomous and independent service to the Front Office.
The Syllabus and the respective exam have been designed with five topics covering the full range of foreign exchange, interest rates and commodities instruments, as well as their related markets with questions based on theory and practical knowledge, in addition to financial markets environment and applications with questions based on theory.
Building upon the competence skills provided by the ACI Operations Certificate New Version, future financial market professionals will be expected to prove their knowledge and adherence to good market practices embedded in the FX Global Code and other relevant industry's Codes and Regulations.