Chartered Market Technician

Chartered Market Technician

The Chartered Market Technician (CMT) designation is the gold standard for competence in the field of technical market analysis. The CMT is awarded by the Market Technicians Association. The first charters were awarded 1989. Holders of the Chartered Market Technician (CMT) designation, allows one join an elite group of world-class technical analysts. In June 2009, there were just over 800 active CMT charter holders residing in 36 countries.

The CMT certification includes three exams. The first two are in the multiple choice format and the final exam is a grueling four-hour essay exam. Most candidates take over three years to complete the process. The MTA recommends at least 150 hours of study time for each level, and many applicants spend considerably more time on assigned readings and preparation. Successful completion of the educational requirements of the CMT designation requires mastery of virtually the entire technical analysis body of knowledge. Only full members of the MTA may be awarded the CMT designation and charter.

The Market Technicians Association (MTA) is the guardian of the CMT designation. The MTA was incorporated in 1973, by eighteen charter members, as a not-for-profit New York based association. The MTA transformed into a global professional association connecting technical analysts all over the world. Today MTA serves as the regulatory organization servicing over 3,300 technical analysis professionals in over 70 countries.

Full membership in the Market Technicians Association requires recommendation of three (3) existing MTA members, the candidate must be professionally employed in an analytical or investment management capacity for at least five years, experience and must abide to the MTA Code of Ethics and meet all requirements outlined in the Bylaws. Requirements are listed at here.

FINRA has granted an exemption for Series 86 “Research Analyst” examination to those who have successfully completed level I and II of the Chartered Market Technician (CMT) or Chartered Financial Analyst (CFA) designations. A “Research Analyst” is one who’s primarily responsible for the preparation of the substance of a research report or whose name appears on a research report. NASD Rule 1050 requires Research Analysts to pass the Series 86 examination.