Microsoft Word - Document in 09-32

Microsoft Word - Document in 09-32 - Information Memo...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Information Memo Market Surveillance NYSE Regulation, Inc. | 11 Wall Street New York, NY 10005 Number 09-32 June 25, 2009 TO: ALL NYSE AND NYSE AMEX MEMBER ORGANIZATIONS SUBJECT: Series 15 and Designated Market Maker ("DMM") Examinations - Application Procedures, Training and Educational Requirements, and Registration Qualification Examination Procedures Purpose The purpose of this Information Memo is to remind NYSE and NYSE Amex member organizations and prospective member organizations as to the application procedures, training and education requirements, and registration qualification examination procedures related to the Series 15 and DMM Examinations . This memorandum should be provided by the member organization to each candidate proposed as a Floor broker or DMM. Series 15 Registration The Series 15 Examination is the general membership qualification examination. Passing the examination qualifies the individual as a Floor broker. However, a qualified Floor broker does not become an NYSE or NYSE Amex member until a trading license is issued to them by the Exchange. No one may bid, offer or execute orders, or otherwise conduct business on the Floor, until they have passed the Series 15 Examination and are assigned a license. Passing the Series 15 Examination is a gating requirement for taking the DMM Examination. Application Only member organizations may propose new members. Written application must be made to the NYSE’s Membership and Training Department. Required Operational Training and Regulatory Education – The New Member Orientation Program Following acceptance of the application, proposed candidates must complete the New Member Orientation Program (“NMOP”). NMOP consists of a series of nine sessions. Five are operational in nature and four cover the rules and regulations governing Floor trading. NMOP is offered monthly beginning on the Monday of the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
first full business week in the month and concludes at the end of the third full business week. The sessions are generally held from 8:00 a.m. to 9:00 a.m., except for the regulatory sessions held on the Tuesday, Wednesday and Thursday of the first week of NMOP which begin at 7:45 a.m. and end at 9:00 a.m. There are no sessions scheduled for the third week of NMOP. The third week allows time for concentrated study by candidates and additional coaching by mentors in preparation for testing on the Thursday in that week. The following general rules govern NMOP sessions:
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/30/2011 for the course FIN 101 taught by Professor Ands during the Spring '11 term at Bloomsburg.

Page1 / 4

Microsoft Word - Document in 09-32 - Information Memo...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online