Indices DJIA S&P 500 DAX 30 Nasdaq 100 Nasdaq Comp Nikkei 225 FTSE 100 SMI DJ Stoxx 50 CAC 40 Hang Seng Kospi Nyse Comp AMEX   -     -     -     -     -     -     -     -     -     -     -     -     -     -   10624.6 1149 5944.6 1923.9 2367 10755 5621.8 6836 2899.1 5944.6 21217.5 1658.4 7360.9 1896.8 Commodites Light Crude Oil Brent Crude Copper Gold Pallad Platinum Silver Dow Diamonds QQQQ   -     -     -     -     -     -     -     -     -   80.88 79.97 335.2 1103.9 457.25 1603 17.06 106.43 47.37 Last update: 15-03-2010 01:39:00 (GMT - Live)

Associated Persons (APs): The Exam Type of Orders Stop order Fill or Kill order SEAQ, SETS, SEATS Plus or SEAQ International Stocks Categories of Stock Types of Stock Bonds Funds Mutual Funds Exchange - Traded Fund (ETF) Exchange - Traded Fund (ETF) - Investment uses Exchange - Traded Fund (ETF) - Types of ETFs Exchange - Traded Fund (ETF) - Structure Exchange - Traded Fund (ETF) - ETFs compared to mutual funds Exchange - Traded Fund (ETF) - History Exchange - Traded Fund (ETF) - Criticism Bonds Forward contract Non-deliverable forward Basis Broker Depth of market (DOM) Open Outcry Trading at CME Full map of the CME trading floors Commodity Trading Advisor (CTA) General Structure of a Managed Account General Structure of a Futures Fund Commodity Pool Operator (CPO) Hedge Funds - overwiew Hedge Funds - REGULATORY REQUIREMENTS FEDERAL SECURITIES LAWS: Exemption from Registering Hedge Fund Interests As Securities FEDERAL SECURITIES LAWS: Exemption from Registration as an Investment Adviser Exemptions from Registration as a Commodity Trading Advisor About the Introducing Brokers Introducing Brokers: Volume and Commissions Introducing Brokers: Income Associated Persons (APs): The Exam CTA career: Discretionary Strategies CTA career: Registration Requirements, Cost CTA Registration and Audits: Being Audit Ready, General Information and Records Proprietary Traders "Local" Traders Scalpers Proprietary Traders Rate of Return Calculations Margin-to-Equity Ratio Commission-to-Equity Ratio Sharpe Ratio Requirements for Floor Brokers What is the NYSE? What is the NYSE Arca? How the NASDAQ Market Works? How to Read a Stock Table The major UK indices Price Earnings ratio (P/E) Top Down and Bottom Up Strategy Value v growth strategy Large v small cap strategy Understanding Warrants Managed Futures: Pitfalls in Performance Evaluation Secrets of Successful Trading in Commodities and Financial Futures The Genesis of Over The Counter Interest Rate Derivatives Dow Theory Introduction Types of Equity Derivative Naked short selling Municipal bond Credit derivative Money market Money fund Treasury Securities (notes. bills, bonds etc.) Federal funds Commercial paper Certificate of deposit Eurodollar deposits London Interbank Offered Rate (LIBOR) Euro Interbank Offered Rate (EURIBOR) Prime rate Exchange-traded notes (ETNs) ETNs - Structure ETNs - Advantages ETNs - Disadvantages ETNs - Prospect and Conclusion Day Trading Day Trading - Characteristics Day Trading - History Day Trading - Techniques Day Trading - Cost Day Trading - Regulations and Restrictions Scalping Scalping - Market manipulation Scalping - Factors affecting scalping Efficient-market hypothesis Associated Person: An individual who solicits orders, customers or customer funds (or who supervises persons performing such duties) on behalf of a Futures Commission Merchant (FCM), an Introducing Broker (IB), Commodity Trading Advisor (CTA) or Commodity Pool Operator (CPO). To qualify as an AP, an individual must pass the National Commodity Futures Exam (Series 3) within two years of applying for registration; fulfill ethics standards set by the sponsoring firm; and complete an application for registration and membership in the NFA which includes disclosing educational and disciplinary history and submitting fingerprint cards to the Federal Bureau of Investigation (FBI). Any person, who will also act as the supervisor of a branch office of a FCM or an IB, must also complete the Branch Manager’s Examination (Series 30). All APs must become members of the NFA as an Associate. Membership is mandatory and no other member, such as an FCM, IB, CTA or CPO, can conduct customer business with non-NFA individuals or firms. U-10 is available online from the NFA or at the NASD’s site at www.nasd.com/. The exam costs $95 as of January 30, 2007. Once the form and fee has been submitted to the NASD and confirmation has been received from the NASD, the applicant may schedule an appointment to take the exam one time only within the next 120 days. Some individuals can use alternative means or tests to satisfy the requirements. Some of those alternatives require that an individual limit the activities that he or she intends to engage in and to pass an alternative exam. These exams include the Series 31 Futures Managed Funds Exam (one hour; 45 true/false and multiple choice questions; $60) and the Series 32 Limited Futures Exam-Regulations (45 minutes; 35 true/false and multiple choice questions; $60). Individuals who work as Branch Office Managers must indicate whether they have taken the Branch Manager exam (Series 30). This exam is one hour long and contains 50 true/false and multiple choice questions. Material covered includes supervisory issues. The exam costs $60. The Series 3 exam includes 120 true/false and multiple choice questions. Candidates have 2-1/2 hours to complete the exam. The test has two parts – market knowledge and regulations. The test is given on a PC, so you can review and change your answers before you submit the completed test. The computer scores the exam and you will know the results before you leave the testing center. You must receive a score of 70 percent on both parts of the exam in order to pass. In the market knowledge section of the exam you will be asked questions about the following areas: (a) futures trading theory and basic functions terminology; (b) futures margins, option premiums, price limits, futures settlements, delivery, exercise and assignment; (c) type of orders, customer accounts, price analysis; (d) basic hedging, basis calculations, hedging futures; (e) spreading; (f) speculating in futures; (g) option hedging, speculating, spreading. In the regulation section of the exam questions include: (a) general registration questions about all registration categories; (b) futures account opening requirements; (c) position reporting requirements; (d) speculative position limits; (e) FCM/IB regulations; (f) CPO/CTA disclosure documents, promotional material and records to be maintained; (g) arbitration procedures; (h) NFA disciplinary procedures.