Series 56 Exam | Proprietary Traders
The Series 56 Proprietary Traders Qualification Examination is designed to test a candidate’s knowledge of applicable products, securities markets, trading and reporting practices, investment strategies, and anti-fraud provisions as applicable to the role of a proprietary trader.
2 1/2 hours -- U-4 Form test application -- $195.00 Test Fee
| Section |
Description |
Points |
1 |
Personnel, Business Conduct, Recordkeeping and Reporting Requirements |
9 |
2 |
Markets, Market Participants, Exchanges, and Self Regulatory Organizations |
8 |
3 |
Types and Characteristics of Securities and Investments |
20 |
4 |
Trading Practices and Prohibited Acts |
50 |
5 |
Display, Execution, and Trading Systems |
13 |
| |
Total Points |
100 |
The five Chapters are divided into Key Sections followed with a Section Quiz. In addition there are Five 100 point final exams! 400+ pages with 600+ questions in all. Each question has a detailed explanation.
There may be, in addition, SRO specific registration requirements that would need to be met before an individual may become fully registered as a proprietary trader.
An individual may request a waiver from the qualification examination. A waiver request must be submitted using CBOE's on-line Exam Waiver Request form which is available at https://www.cboe.org/examwaiver.
Series 56 Study Text |
Series 56
Study Text
$150.00
|
The exam is weighted heavily towards options trading rules, but also includes equity trading rules.
The Pass Perfect Series #56 Study Program is designed to cover all items tested on the examination while making the most effective use of a candidates time.
The course is divided into 5 chapters:
- Equity Securities
- Options Strategies
- Trading Markets
- Trading Practices
- Trading Systems
Each chapter is divided into Sections, followed by Section Examinations. In addition, there are five (5) 100 question simulated #56 Final Exams. |
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