Series 3 Examination-National Commodity Futures Examination

Purpose

This examination qualifies the candidate to be registered as an associated person (AP) and be involved in the sale of commodity futures contracts and options on these contracts.

Anyone applying for registration as a futures commission merchant, introducing broker, commodity pool operator, or commodity trading advisor must also pass the Series 3 examination.

The Examination

The examination is composed of 120 true/false and multiple choice questions. A maximum of two and one-half hours (2 1/2) is allowed. The exam is graded in two sections, market knowledge and regulations. The candidate must score 70% on both sections to pass the exam.

The examination may be taken at any Prometric Sylvan Testing Center.