Introduction

The ICM Stock Brokers Certification Exam covers the concepts of financial markets regulatory framework, operational aspects of clearing, settlement & depository and the investor protection. This course is primarily aimed towards the traders and sales staff working at the typical Brokerage Houses.

Objective of the Examination

This Certification Exam is specifically designed to meet the minimum qualification needs of the capital market participants at brokerage houses with client interaction and to ensure that they are competent to provide buying & selling services to stock market investors.

Target Audience

This exam is by and large mandated for Brokers, Agents of Brokers, Equity Traders and Sales Staff of Brokers and Brokerage Firms.

Syllabus Structure

The unit is divided into elements. These are broken down into a series of learning objectives. Each learning objective begins with one of the following prefixes: know, understand, be able to calculate and also be able to apply. These words indicate the different levels of skill to be tested. Learning objectives prefixed:

  • Know require the candidate to recall information such as facts, rules and principles
  • Understand require the candidate to demonstrate comprehension of an issue, fact, rule or principle.
  • Be able to calculate require the candidate to be able to use formulae to perform calculations.
  • Be able to apply require the candidate to be able to apply their knowledge to a given set of circumstances in order to present a clear and detailed explanation of a situation, rule or principle.

Examination Specification

Each examination paper is constructed from a specification that determines the weightings that will be given to each element. The specification is given below.

It is important to note that the numbers quoted may vary slightly from examination to examination as there is some flexibility to ensure that each examination has a consistent level of difficulty. However, the number of questions tested in each element will not change by more than plus or minus 2. This comprises of 100 multiple choice questions.

Element No.ElementsQuestions
1Introduction to Markets10
2Regulatory Framework10
3Primary Market10
4Secondary Market20
5Clearing, Delivery, Settlement and Depository10
6Stock Brokers and their Clients10
7Commodity Exchange and Derivatives10
8Investor Protection10
9Economics and Finance 10

Assessment Structure

  • This will be a two-hour examination of 100 Multiple Choice Questions (MCQs).
  • All questions will carry equal marks.
  • There will be no negative marking.

Summary Syllabus

To download the summary syllabus of ICM Brokers Certification Exam, please click here.