One of the main objectives of the ACI is to enhance the level of professionalism of the foreign exchange and money markets. For this purpose she offers a range of examinations, so one can qualify for various certificates or diplomas. In this way, internationally comparable and recognised standards of education are being set.
The ACI-qualifications contain two levels. First level exams are the ‘Dealing’ (front office) and the ‘Settlement’ (back office) certificates. Both exams test the basic knowledge of employees who have just started their career (first two years) in the financial markets.
At the second level the opportunity is offered to qualify for the so-called ACI diploma. For this diploma one needs to have a comprehensive knowledge about products and practices of the money and foreign exchange markets and related capital markets. Furthermore, one has to demonstrate a basic insight into risk management. More information on the contents of these examinations.
It should be noticed that, in order to be eligible to take the exam for the ACI Diploma, one must have passed the Dealing Certificate examination. Exemptions are only granted to those, who have at least three years of relevant work experience. In that case however, one needs to pass separately a test on the Model Code, which is the ACI Code of Conduct. Normally, this test is part of the Dealing Certificate exam.
ACI only offers the opportunity to take exams. To prepare for the exams, there is a wide range of possibilities: self study packs, distant learning programmes, training courses, etc. (see: ACI Guide)
The costs of the preparation vary widely, depending on which form of training is preferred. (see: ACI Guide)
Many persons in the Netherlands have qualified already for one or more of the ACI exams. Thus, the Netherlands contributes to the enhancement of professionalism of the financial markets!
In addition to the above we would like to inform those members of our Association who in particular are involved on the broking side of the business, of the availability of international courses. These courses assist present and future brokers to work in a professional way in the continuously changing international money markets. At this moment ACI is about to finalise discussions with the WMBA (Wholesale Markets Brokers’ Association) in London to enable its members to take the WMBA examinations. Just like the ACI Training programs there are several ways to prepare for those examinations. For more information visit www.wmba.org.uk
