What will I gain with the CFITS?

Fixed income markets are significantly larger than equity markets in terms of the dollar volume of trading and regulators in many jurisdictions are pushing for even more robustness realizing that a well-functioning fixed-income marketplace is vital for the overall health of an economy. , With the CFITS in hand, individuals will be recognized for their specialized knowledge and qualifications in the basic and advanced concepts, practices and applications of fixed income whether as a trader, portfolio manager, analyst, investment banker, salesperson or issuer. , This training solution leverages Moody’s Analytics’ extensive experience, skill and research in fixed income which has been developed as a result of being a premier component of global financial markets for over a century.

Retail and Institutional Salespersons , Trading desk professionals , Research Analysts , Investment Bankers , Conventional & Alternative Portfolio Managers , Issuers Investors

Certificate in Fixed Income Trading and Sales (CFITS)

Q: How is the CFITS tailored to my learning needs?

Consists of two eLearning modules; Fixed Income Trading and Sales (FITS) Level One and FITS Level Two , Estimated study time is around 50-60 hours , The eLearning courses are comprised of a wide variety of fixed income topics including organization of the fixed income market place, yield and duration calculations, trading strategies, credit rating techniques, high-yield bonds, securitization and fixed income hedge strategies , Provides recognition for each module following completion of the module's online test, through the issuance of Moody’s Notice of Completion that is emailed to students , Course Materials can be easily accessed and studied through mobile devices , Final proctored exam is 3 hours in length and will be offered to those who have completed the eLearning modules

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Certificate in Fixed Income Trading and Sales (CFITS)

Prepare for opportunities in the fast-paced, high-pressure, and competitive fixed-income arena with the globally-recognized Certificate in Fixed Income Trading and Sales (CFITS).

What will I learn with the CFITS?

Identify a variety of business, financial, and compliance risks when selling or managing fixed-income investments.
Analyze fixed income market trends using technical analysis.
How to measure and mitigate fixed income market risk.
Understand the competitor/co-operator nature of the trading process.
Demonstrate active fixed-income portfolio management strategies.
Calculate bond price changes, given changes in duration and convexity.
Understand how mortgage-backed securities (MBS) work.
Utilize fixed-income derivatives to trade and manage risk.

How is the CFITS tailored to my learning needs?

CFITS consists of two eLearning modules and a final certification exam.
Each module includes an online quiz to test your understanding of the course content.
You’ll earn Moody’s Notice of Completion on completion of each module.
You can access the course material through mobile devices.
Complete a 3-hour proctored certification exam to earn the CFITS certificate.
The estimated study time ranges from 50 to 60 hours.

About CFITS

The Certificate in Fixed Income Trading and Sales comprises of two modules and a final certification exam. Below is an outline of the topics covered in each module:

1. Fixed Income Trading and Sales Level 1

Fixed-income marketplace.
Basic features and terminology of fixed-income.
Organization of the fixed-income marketplace.
Determinants of the general level of interest rates.
Determinants of individual fixed-income yields.
Price and yield calculations.
Calculate bond prices, duration and convexity.
Corporate credit analysis.
Structure and participants of fixed-income trading and sales.

2. Fixed Income Trading and Sales Level 2

Bond trading strategies.
Credit rating methodology.
Fixed-income covenants.
High-yield bonds.
Interest rate derivatives.
Securitization.
Investing in fixed-income mutual funds.
Fixed-income ETFs.
Equity-linked debt securities.
Fixed-income hedge fund strategies.
Fixed Income Performance Portfolio Performance Attribution.

Who is Taking CFITS?

Retail & Institutional Salespersons
Trading Desk Professionals
Research Analysts
Investment Bankers
Conventional & Alternative Portfolio Managers
Issuers
Investors

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