Series

1

• Series 3    National Commodity Futures Exam
• Series 5    Interest Rate Options
• Series 6    Investment Company and Variable
  Contracts (Mutual Funds) Exam
• Series 7    General Securities Registered
  Representative (Stockbroker) Exam
• Series 11  Assistant Representative - Order
  Processing
• Series 15   Foreign Currency Options

2

• The National Futures Association (NFA) and the
  various domestic commodity futures exchanges
  require this exam for anyone who is going to act
  as an Associated Person, Commodity Trading
  Adviser, Commodity Pool Operator, Introducing
  Broker, or Futures Commission Merchant.

3
Series 3 National Commodity Futures Exam

• Test Topics
• Approximate Test Questions
• Futures Trading Theory 13
• Margins, Limits, Settlements 15
• Orders, Accounts, Analysis 11
• Basic Hedging 11
• Financial Hedging 10
• Spreads 3
• General Speculation 8
• Financial Speculation 8
• Options 6
• Regulations 35
• Total 120 questions

4

• The Proctor exam has ten categories and is graded
  in two groups Market Knowledge and
  Rules/Regulations.
• You must achieve a 70 on each group to pass the
  exam. 

5

• http//www.nfa.futures.org/registration/SO-Series3
  .pdf
• http//www.nasd.com/web/idcplg?IdcServiceSS_GET_P
  AGEnodeId385ssSourceNodeId370