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Course overview
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The Financial Markets Foundation Course (FMFC) is a first level (introductory) qualification intended for anyone entering into a career in the financial markets. It does not assume any prior study or work experience other than a general knowledge of mathematics such as basic algebra and statistics. For those without that quantitative background, pre-course reading with a further bibliography is provided to allow candidates to acquire that knowledge directly.
The training program is intended to provide ‘breadth of knowledge’ to make it relevant to people pursuing careers in the front office, middle office and operations areas. Although not a formal pre-requisite for any other ICMA training course, it would provide useful background study for those taking the following ICMA intermediate courses, in particular:
• The International Fixed Income and Derivatives (IFID) Certificate Programme.
• The Operations Certificate Programme (OCP)
• The FINRA capital market certificate in Regulation and Compliance (CMRC)
• The Primary Market Certificate (PMC)
The Certificate places an even emphasis on introducing and explaining the key concepts of each subject area and then developing practical knowledge and skills of each area. This reflects the fact that it is both introductory, requiring the introduction and explanation of key concepts, but also intended for market practitioners requiring applied thinking.
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Target Audience
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The FMFC is intended to be relevant to a wide range of job functions and areas; anyone who would benefit from an understanding of markets, participants and products – and how they all come together.
Candidates will 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 course is open to ICMA Members and non-members.
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Course Content and Format
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The FMFC syllabus is organised around two broad subject areas with a final review session to consolidate the learning ahead of the exam:
I. Overview of Financial Markets and Participants: Explore the nature of savings and flow of funds in an economy and the principle participants and their motivations.
II. The Main Financial Securities: the focus here is on the understanding the principle asset classes and basic valuation models.
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The FMFC certificate is a two and one half day taught course with pre-course reading for those who wish to review algebra and statistics. It is delivered in ten sessions with two additional 60 minute review sessions at the end of days one and two. On the afternoon of the third day candidates sit the exam, which is comprised of 50 multiple choice questions.
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Programme Director and Speaker
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John D. Evans CFA: is a full-time member of the academic staff of the ICMA Centre, University of Reading. He is the Programme Director for the Centre's MSc Investment Management and is also Programme Director for the ICMA IFID certificate programme. Prior to academia, John spent twenty years in the fixed income market on Toronto, New York and London in areas of research, origination and sales and trading.
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Details of the next Financial Markets Foundation Course (FMFC) seminars
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FINRA, London, have a look at the city.
Date: January 27-29, 2009
Registration deadline: January 12, 2009
Please e-mail j.evans@icmacentre.ac.uk or call + 44 118 378 6498
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This will be a joint ICMA / FINRA (Financial Industry Regulatory Authority) run course. Based at FINRA International's London offices in New Broad Street. FINRA International, a department of FINRA (formerly NASD), offers consultancy and advisory services, education and training and dispute resolution programmes. These services build on FINRA's day-to-day regulatory work, clients' needs and circumstances, and the experience and expertise gained from FINRA International's work in both developed and developing markets.
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Luxembourg, have a look at the venue.
Date: March 2-4, 2009
Registration deadline: February 20, 2009
Please e-mail j.evans@icmacentre.ac.uk or call + 44 118 378 6498
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This will be a joint ICMA / IFBL – ‘Institut De Formation Bancaire Luxembourg’ run course. Based at the Chamber of Commerce, IFBL is Luxembourg’s leading financial training institute offering a broad range of training courses, qualifications, conferences and e-learning programmes for financial institutions.
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Registration
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Cost
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London Course in January
The cost of the London FMFC will be £1,200.00 for ICMA Members and £1,560.00 for non-members. The same scaled discounts as below apply.
Luxembourg Course in September
The cost of the Luxembourg FMFC will be EUR 1,500.00 for both ICMA and IFBL Members and EUR 1,950.00 for non-members with the following discount scale being offered:
2-4 candidates – 5% discount each*
5+ candidates – 10% discount each*
Note that for anyone requiring accommodation to take these courses will be required to arrange this on their own; these are class-based but non-residential certificate programmes.
*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.
Note that for anyone requiring accommodation to take this course, they will be required to arrange this on their own; it is a class-based but non-residential certificate programme.
Should you have any queries about the seminar or wish to register please contact:
John D. Evans
FMFC Program Director
j.evans@icmacentre.ac.uk
+44 (0)118 378 6498
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FMFC certificate holders
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