NISM Series-VIII: Equity Derivatives Practice Exam
The NISM Series-VIII: Equity Derivatives Certification Exam focuses on equipping individuals with the knowledge and skills required to operate in the equity derivatives market in India.
Who Should Take This Exam
This exam is beneficial for anyone who wants to work as a salesperson or an approved user of a trading member to trade equity derivatives on a recognized stock exchange in India. This includes but is not limited to:
- Stockbrokers and Sub-brokers
- Investment advisors dealing with equity derivatives
- Research Analysts focused on equity derivatives
- Relationship Managers handling equity derivative products
There are no formal prerequisites for taking the NISM Series-VIII exam. However, a basic understanding of financial markets and investment products is recommended.
Roles and Responsibilities
Individuals who pass the NISM Series-VIII exam will be able to:
- Explain the various equity derivative products like futures and options.
- Discuss the risks and rewards associated with equity derivatives.
- Understand the regulations governing the equity derivatives market in India.
- Explain the trading mechanism and order types used in equity derivative transactions.
- Describe the clearing and settlement process for equity derivative contracts.
Exam Details
- Duration: 2 hours
- Passing Score: 60%
- Language: English
Examination Objectives
On successful completion of the examination the candidate should:
- Know the basics of the Indian equity derivatives market.
- Understand the various trading strategies that can be built using futures and options on both stocks and stock indices.
- Understand the clearing, settlement and risk management as well as the operational mechanism related to equity derivatives markets.
- Know the regulatory environment in which the equity derivatives markets operate in India.