Certified cash market exchange trader

From IPO to exchange trading to booking of a securities transaction, this course covers all topics related to the German cash market. The focus is on the functionality of the trading venues of Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange), Xetra® and Börse Frankfurt.

Xetra is the reference market for exchange trading of German shares and exchange-traded funds (ETFs) in Europe. Via Börse Frankfurt, investors have access to more than 1.5 million securities: from shares and bonds to funds, warrants and certificates. Active exchange trading requires a comprehensive understanding of the individual financial instruments. During the course, participants can apply their newly acquired knowledge directly: in LiveX, one of the most advanced trading simulations currently available. The course concludes with the “Certified cash market exchange trader” examination.

On-site or via live stream – as you like 

Unfortunately, due to the current pandemic situation, our events can only take place online. In July, the course will hopefully also be held again as face-to-face event at our premises in Eschborn. In any case, they will be broadcast live. Thus, you can choose whether you want to participate at our premises in Eschborn or at the location of your choice (with a good internet connection). To broadcast the event, we use Microsoft Teams, which you can use without installing it in your browser. Questions during the event can be asked via microphone. The presentation will also be made available to you as a PDF file. Simply select the desired location (Eschborn or Live Stream) when booking.

Agenda

Exchange organisation and supervision

• Tasks of the exchange bodies
• Admission of trading participants and securities
• Prosecution of market manipulation and insider trading

Overview of financial instruments

• Shares
• Bonds
• Funds/exchange-traded funds (ETFs)
• Securities lending/repo
• Forward transactions
• Structured products

Trading

Xetra: Continuous Trading with Auctions

• Trading participants
• Provision of additional liquidity
• Trading models
• Protection mechanisms
• Order types
• Price formation
• Xetra T7 Entry Service
• Xetra EnLight

Frankfurt Stock Exchange: Continuous Auction

• Trading participants
• Specialist model

Practical exercises in the trading simulation LiveX

Rules and regulations of the Frankfurt Stock Exchange

Post-trading processes

• Overview of the process chain
• Tasks of the clearing house
• Settlement of stock exchange transactions
• Types of securities custody 

Graduation and examination

Successful graduates will receive the certificate “Certified cash market exchange trader” of Deutsche Börse AG. The examination comprises 110 multiple-choice questions and is taken on the computer. It takes two hours to complete. The examination regulations contain a detailed description of the examination.

Proof of professional qualification as an exchange trader

Participation in the course and passing the final examination is recognised as proof of professional qualification for admission as an exchange trader at the Frankfurt Stock Exchange (FWB®).

Examination dates

Participation in the examination on the next examination date (approx. four weeks after the end of the course) is already included in the course booked. The examinations are offered once a month, so that participation at a later date is also possible.

Course: 4–8 July 2022, each 09:30-17:00 (on-site or live stream), exam: 25 Aug 2022 (Eschborn)

Target group

The certificate course is geared towards new employees in the trading sector of securities trading houses and banks as well as interested private investors and students. It is also aimed at lawyers and consultants who deal with stock exchange topics.