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ICMA FMFQ (Financial Markets Foundation Qualification) Certification Exam is a globally recognized certificate that assesses the basic knowledge and understanding of financial markets. Financial Markets Foundation Qualification Exam certification is designed for individuals who are new to the financial industry, such as graduates or those who have less than two years of experience, and want to establish a foundation of financial market knowledge. FMFQ exam is developed and administered by the International Capital Market Association (ICMA), a non-profit organization that represents the interests of the financial industry.
ICMA FMFQ Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Debt (Fixed Income) Markets | - Yield, duration and credit risk - Bond characteristics and structures - Interest rate sensitivity and valuation basics |
| Topic 2: Money Markets & Foreign Exchange (FX) | - Interest rates and currency pricing fundamentals - FX market structure and conventions - Spot and forward FX transactions |
| Topic 3: Equity Markets | - Primary and secondary markets - Equity instruments and dividends - Market indices and corporate actions |
| Topic 4: Overview of Financial Markets | - Market structure and functions - Market participants and intermediaries - Regulation and ethics in financial markets |
| Topic 5: Derivatives Markets | - Options basics and payoff structures - Swaps and hedging applications - Forwards and futures |
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