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OVERVIEW
COURSE SYLLABUS
COURSE DETAILS
TEST YOUR KNOWLEDGE
The Financial Markets Foundation Qualification (FMFQ) is an introductory level programme intended for anyone entering a career in the financial markets.
The programme is intended to provide ‘breadth of knowledge’ to make it relevant to people pursuing careers in the front office, middle office and operations areas. The syllabus content places an even emphasis on introducing and explaining the key concepts of each subject area to develop candidates’ practical knowledge and skill sets.
Course Outcomes
By completing this course you will be able to:
Who should study the course?
The qualification is relevant to a wide range of job functions and areas; anyone who would benefit from an understanding of financial markets, participants and products – and how they all come together.
Candidates come from organisations involved in both the sell-side and buy-side of the industry plus insurance, accounting, IT firms supporting the industry and the financial press.
The syllabus does not assume any prior study or work experience other than a general knowledge of mathematics such as basic algebra and statistics.
The names of successful candidates will be included in our list of certificate holders.
Online courses start on the 1st of each month – please note that payment must be received BEFORE access to these courses are provided.
Programme Recognition
This course has been approved as Certified by CPD®.
ICMA recommends that 24 learning hours can be associated with this course, based on attended/undertaken hours of study required to successfully complete the learning outcomes.
Course Trainer
Gail Rolland
The programme is intended to provide ‘breadth of knowledge’ to make it relevant to people pursuing careers in the front office, middle office and operations areas. The syllabus content places an even emphasis on introducing and explaining the key concepts of each subject area to develop candidates’ practical knowledge and skill sets.
Course Outcomes
By completing this course you will be able to:
- The key players in the financial markets including issuers, investors and intermediaries
- The interaction between cash and derivative markets
- The key features of both equity and debt products
- The structure of the FX market
Who should study the course?
The qualification is relevant to a wide range of job functions and areas; anyone who would benefit from an understanding of financial markets, participants and products – and how they all come together.
Candidates come from organisations involved in both the sell-side and buy-side of the industry plus insurance, accounting, IT firms supporting the industry and the financial press.
The syllabus does not assume any prior study or work experience other than a general knowledge of mathematics such as basic algebra and statistics.
The names of successful candidates will be included in our list of certificate holders.
Online courses start on the 1st of each month – please note that payment must be received BEFORE access to these courses are provided.
Programme Recognition
This course has been approved as Certified by CPD®.
ICMA recommends that 24 learning hours can be associated with this course, based on attended/undertaken hours of study required to successfully complete the learning outcomes.
Course Trainer
Gail Rolland
The syllabus is divided into the following key topic areas:
1. Overview of the Financial Markets
1. Overview of the Financial Markets
1.1 Background to the capital markets
1.2 Key Players
1.3 Trade Flow
2. FX
2.1 Introduction to the Foreign Exchange Markets
2.2 Spot FX
2.3 Cross Rates
2.4 Forward FX
3. Debt
3.1 Basic Principles of Debt Products
3.2 Money Markets
3.3 Long-term Debt
4. Equities
4.1 Core Features of Equity Products
4.2 Issuance and Trading Practice
4.3 Equity Valuation
5. Derivatives
5.1 Basics of the Derivatives Market
5.2 Forwards
5.3 Futures
5.4 Options
Assessment
The exam consists of 50 multiple choice questions of which candidates must answer a minimum of 30 questions correctly, with a score of 45 or more earning a distinction.
If you’re taking the classroom-based course, review sessions will be held prior to the exam to help candidates prepare for the assessment and assist with course content.
If you’re taking the online or livestreamed course you have six months in which to study the material, book and complete an online, fully invigilated exam. The exam is hosted on our online learning platform and invigilated by a live proctor via the camera and microphone on your computer. This allows you to choose a time and place of your convenience to take the exam, while guaranteeing secure exam conditions.
1.2 Key Players
1.3 Trade Flow
2. FX
2.1 Introduction to the Foreign Exchange Markets
2.2 Spot FX
2.3 Cross Rates
2.4 Forward FX
3. Debt
3.1 Basic Principles of Debt Products
3.2 Money Markets
3.3 Long-term Debt
4. Equities
4.1 Core Features of Equity Products
4.2 Issuance and Trading Practice
4.3 Equity Valuation
5. Derivatives
5.1 Basics of the Derivatives Market
5.2 Forwards
5.3 Futures
5.4 Options
Assessment
The exam consists of 50 multiple choice questions of which candidates must answer a minimum of 30 questions correctly, with a score of 45 or more earning a distinction.
If you’re taking the classroom-based course, review sessions will be held prior to the exam to help candidates prepare for the assessment and assist with course content.
If you’re taking the online or livestreamed course you have six months in which to study the material, book and complete an online, fully invigilated exam. The exam is hosted on our online learning platform and invigilated by a live proctor via the camera and microphone on your computer. This allows you to choose a time and place of your convenience to take the exam, while guaranteeing secure exam conditions.
Prior to the exam, you will need to login with the proctor to check that your chosen exam equipment and space is adequate for the exam - you will receive further guidance when you register for the course.
Livestreamed Course
Learning in a digital environment has a number of advantages and is growing in popularity as a medium of instruction. ICMA courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.
The FMFQ live sessions are delivered over the course of five 3.5 hour sessions over the course of two weeks. You will be given access to the course materials before the live sessions, and will have access to those for a total of six months. During these six months you will have the option to keep working through the course materials at your own pace. Please note to ensure you book and take the exam within these six months.
Live sessions: March 22, 23, 24, 29 and 30
10.00-13.30 CET/CEST | Time Zone Converter
Livestreamed course fees
ICMA Members: EUR 1,650 + VAT (if applicable)
Non Members: EUR 2,050 + VAT (if applicable)
For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.
Please note:
- All payments must be made in Euro.
- Invoices for single registrations are subject to an additional Euro 50 to cover administration costs*. No administration fee applies for invoices covering two or more registrations.
*Administration costs cover the provision of supporting documents, which are often requested along with the invoice, to become an approved supplier.
Contact
Should you have any queries, please contact education@icmagroup.org.
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