CMT Programmes
Table of Content
- Spring 2010 Registration
- What is the CMT Program?
- Why the CMT?
- What do I need to do?
- Recommended Reading for Spring 2010
- When is it offered?
- CMT Newsletter
- Learn More About Your NYSE/NASD Filing with SEC
- Find Out How to Apply for the Series 86 Exemption
Spring 2010 CMT Registration - All Levels Open Now!
The MTA is pleased to announce that registration for all levels, for the Spring 2010 CMT Administration, is NOW OPEN! Sign up today to ensure your preferred time, date, and location! Contact Marie Penza,
What is the CMT Program?
The Chartered Market Technician (CMT) Program is a certification process in which candidates are required to demonstrate proficiency in a broad range of technical analysis subjects. Administered by the Accreditation Committee of the Market Technicians Association (MTA), Inc., the Program consists of three levels. Level 1 is a multiple choice exam; Level 2 is a multiple choice exam; Level 3 is the essay portion of the exam.
The objectives of the CMT Program are:
To guide candidates in mastering a professional body of knowledge and in developing analytical skills;
To promote and encourage the highest standards of education; and
To grant the right to use the professional designation of Chartered Market Technician (CMT) to those members who successfully complete the Program and agree to abide by the MTA Code of Ethics.
Fees
CMT Program Registration Fee: $250
* This fee covers the entire five (5) years in which the candidate can complete the Program and is not refundable
Level 1 Exam Fee: $250
* CMT Program fee and Level 1 exam fee must be paid when first registering for the Program - Total $500. This does not include the MTA annual dues of $300.
Level 2 Exam Fee: $450
Level 3 Exam Fee: $450
Exam fees can be carried over to the next test administration, but are NOT refundable.
Exams MUST BE taken in the next test administration.
View the CMT Brochure in PDF Format
View Frequently Asked Questions (FAQ's) about the CMT
Non-Disclosure Agreement and General Terms of Use for Exams Developed for the Chartered Market Technician Exam
This exam is confidential and proprietary, and is protected by trade secret and other intellectual property laws. It is made available to you, the examinee, solely for the purpose of becoming accredited in the technical area references in the title of this exam. You are expressly prohibited from disclosing, publishing, reproducing, or transmitting this exam in whole or in part, in any form or by any means, verbal or write, electronic or mechanical, for any purpose, without the prior express written permission of the Market Technicians Association
Why the CMT?
The Chartered Market Technician (CMT) program offers a structured approach to study technical analysis and ensure all key areas are covered. The CMT can help to open doors that may lead to job opportunities. The CMT demonstrates to Wall Street that you are a professional in the field of technical analysis. For those seeking a more traditional Wall Street analyst job, passing the first two CMT exams provides a significant step towards the Registered Research Analyst designation from FINRA.
Even if you're not looking for a FINRA exemption but rather just to learn technical analysis, the CMT Program offers a structured, organized, and comprehensive way to do so.
Recently, Mike Carr, CMT published a fantastic article about the MTA's CMT Program and his journey towards receiving his designation in SFO Magazine. If you haven't already read it, we encourage you to check it out!
Check out our latest CMT Informational Session Webcast
What do I need to do?
The following are requirements that must be met by all CMT Program candidates:
The CMT candidate is required to be either an MTA Member or MTA Affiliate continuously (dues paid) throughout the CMT process, and must agree to abide by the MTA Code of Ethics. This is a compulsory requirement to appear in CMT exam.
While MTA Affiliates may enroll in and successfully complete the CMT Program, only full Members of the MTA will be awarded and permitted to use the CMT designation.
After meeting all the requirements, it is suggested that the member wishing to become a CMT take advantage of all the educational opportunities the MTA offers, such as webcasts, podcasts, Knowledge Base, DVD's, chapter meetings, and our library.
View a presentation by Paul Ciana, CMT on the best practices for preparing for the CMT Exam:
"The CMT Process"
Recommended Reading for Spring 2010:
CMT Exam Level 1 | CMT Exam Level 2 | CMT Exam Level 3
* For CMT Level 1 & 2, you must bring pencil, ruler, and a simple calculator to the test center.
** For CMT Level 3, you must bring a pencil, ruler, and a simple calculator to the test center. When taking the Level 3 exam, you cannot cut and paste from one window/page to another. Be sure to frequently save your exam.
All candidates names in our database must match the legal identification you are required to bring with you to the exam center.
When is it offered?
The exams, for all 3 levels, are administered twice a year, once during the Spring and again in the Fall. The candidate will have five (5) years from the date of registration in the CMT Program to complete all three (3) levels of the CMT, and will be sent a notice of expiration. It is important to remember that candidates may take only one exam per administration. CMT 1 and 2 Exam results are posted approximately two weeks after the exams are completed.
Spring 2010 CMT Examination Dates
April 29, 2010 through May 8, 2010
- Registration for CMT Levels 1 and 2 closes on April 23, 2010.
- Registration for CMT Level 3 closes on April 9, 2010.
CMT Newsletter
The purpose of the CMT Newsletter is to share with CMT Program candidates important information regarding the requirements, recommended readings, changes and overall administration. The newsletter is sent out at least once a month and contains "best practices," additional materials/websites, and helpful hints from a mentoring perspective that we, here at the Headquarters, and past test candidates have found helpful in studying for the examination. Our goal is to keep communication lines open so that you can get some of your questions answered, with the goal of helping you with your overall study plan.
For past issues of the CMT Newsletter, view the archives.
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Registration Process (in order of sequence)
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Other Exam Information |
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Partnership with Canadian Securities Institute (CSI) 
The only designation for Technical Analysts that qualifies as a Series 86 exemption. Recognized by FINRA. Learn More About Your NYSE/NASD Filing with SEC
Find Out How to Apply for the Series 86 Exemption
Looking to purchase the books on the CMT Exam recommended reading list?
Traders' Library and the MTA have reached an agreement and have created a special website that offers all MTA Members and Affiliates our recommended reading list at the lowest possible rate! To visit this site please go to www.invest-store.com/mta. If you have any questions regarding your purchases from this website, please contact Becky Dean at bdean@traderslibrary.com.
For additional program and exam information, please contact Marie Penza or cmt@mta.org
IMPORTANT NOTICES:
. CMT Level 3 Update - The MTA Board of Directors has concluded to withdraw the option of a written research paper for completion of the CMT level 3 phase of the CMT examination, commencing immediately. The rationale for this decision was as follows... please click here to view the full announcement.
. Rescheduling/Cancellation Policy - Levels 1 & 2 - If you wish to change your exam date or time, you must do so at least 30 days prior to your originally scheduled testing time using the Reschedule Your Test option at www.prometric.com (available 24/7) or calling the Prometric Regional Registration Center. Rescheduling/canceling your exam after the 30 days will incur a $25 fee at Prometric. You will not be able to reschedule/cancel within 48 hours of your originally scheduled testing time. Level 3 candidates must reschedule/cancel before the close of their registration date to ensure availability of the test charts. The 30 day policy also applies to Level 3 candidates. To reschedule your exam to the next administration, please e-mail Marie Penza. There will be a $50 rescheduling fee for all adjustments made after the close of registration dates. If you have any questions, please contact Marie Penza, marie@mta.org, or call her at 646-652-3300.
. CMT Levels 1 and 2 Examination Format Change - After consultation with our test administrator, Prometric, we have decided that for the Fall and future CMT examinations we will embed a small number of randomly inserted questions which will not be scored but rather reviewed, evaluated and compared to existing psychometric standards for potential inclusion on future examinations. For the Fall examination, we will embed up to 10 additional questions in each (Level 1 and 2) examination. Through this method of "pre-testing questions" under actual test conditions, we can resume our desired ongoing process of immediate scoring of the level 1 and 2 examination. Of course, we have carefully re-calibrated the examination time to ensure you are provided for the same ample time to complete the examination.
. CMT 3 Exam Grading Update - The purpose of this message is to inform you of a very important change to the CMT 3. The MTA's Board of Directors unanimously adopted a decision requiring CMT 3 candidates to achieve a pre-determined level of competency in Ethics in order to receive a passing score. This decision reflects the board's commitment to the understanding and application of ethics, and the critical importance of ethical behavior to our organization, profession and clients. Therefore, candidates will be required to achieve a minimum passing score of 70% on the Ethics section of the CMT 3 exam. This means that candidates MUST receive passing marks on the other sections of the CMT 3 exam AND attain a passing score of at least 70% on the ethics questions to pass the exam. Candidates that receive passing marks on the other sections of the CMT 3 exam but DO NOT attain a score of at least 70% on the ethics questions will not pass the exam and will be required to sit for the entire exam at a later administration of the test. Please consider this decision as you prepare for the upcoming CMT 3 exam.
