A renewed focus on advocacy efforts and member services will continue to drive value and relevant support for our members to succeed in the investment industry
New York, NY (PRWEB) December 15, 2015
The Market Technicians Association (MTA), the governing body for the Chartered Market Technician ®(CMT) Program, has benefited from significant growth in the Asia-Pacific region during the last few years. The Association is pleased to announce that in response to the increased interest in the technical discipline and demand for the CMT Program, the Board of Directors has adopted a strategic imperative that will focus our use of resources in the region and India in particular.
“The CMT Program has emerged as the leading professional designation for active investment managers and practitioners of technical analysis. This commitment of support from the MTA Board of Directors will bring the MTA closer to our members, charterholders, and candidates in their respective localities. A renewed focus on advocacy efforts and member services will continue to drive value and relevant support for our members to succeed in the investment industry” says Craig Johnson, CMT, CFA, Managing Director and Senior Technical Market Strategist at Piper Jaffray & Co. and President of the Market Technicians Association.
As a result, there will be an increased MTA presence in the near future as the MTA transitions to a more direct presence in the region including more member-only events, increased interaction with local employers, SEBI and other regulatory bodies and forging collaborative partnerships with organizations in the area. In addition, MTA Members in India will have direct access to Member Services, including the Educational Web Series, Career Development Center, Technically Speaking Magazine, Live Events, and of course the CMT Program.
The Asia-pacific region, and India in particular are key growth markets for the MTA; over 1500 CMT exams have been administered to Indian candidates in recent years and membership has grown to over 300 investment professionals. “The CMT Program provides foundational knowledge for navigating the gap between intrinsic value and market price,” said Tyler Wood, Managing Director of Global Business Development. “Particularly during periods of sentiment swings and market volatility as we experienced during the second half of 2015, investment professionals who employ a systematic approach to market behaviors that drive price movements are able to identify investment opportunities and mitigate portfolio risk to the benefit of their firm and clients. That is the quantifiable value CMT charterholders have brought to the industry in India and around the world.”
The MTA concluded a multi-year effort to refresh the CMT Program in 2015. The CMT program is a self-study program designed around a core body of knowledge that includes current, industry-relevant concepts and treatments of technical analysis in the context of portfolio management. The culmination of that project resulted in an expanded core body of knowledge grounded in behavioral finance theory which takes candidates through applied quantitative methodologies. Packaged into a custom curriculum, the CMT body of knowledge is organized into exam-specific knowledge domains that provide a construct for recognizing and implementing investment strategies.
A tool that compliments other investment disciplines, many institutional analysts, strategists and portfolio managers fuse technical research with other analytical approaches. Dual charterholders are very common among the MTA membership. The adoption of the CFA Code of Ethics and Standards of Practice in 2015 has created a uniform treatment of professional ethics among the CFA Institute, CAIA Association and the MTA’s CMT Program. The MTA holds professional ethics paramount among the core values of the organization. This expanded presence across the Asia Pacific region will add to that commitment to market integrity with MTA members in their local investment communities.
About the Market Technicians Association (MTA)
The Market Technicians Association (MTA) is a not-for-profit member association of over 4,500 investment professionals in 85 countries. The mission of the MTA is to establish and maintain the highest professional standards among technical analysts by educating the investment community about the theory, practice and application of technical analysis.
The MTA is the home of the Chartered Market Technician® (CMT) Program, the preeminent, global designation for technical analysis and the only technical analysis designation recognized by the Financial Industry Regulatory Authority (FINRA) qualifying candidates for a Series 86 exemption upon passing Levels I & II of the CMT exam. The Chartered Market Technician® designation is awarded to those who demonstrate mastery of a core body of knowledge of investment risk in portfolio management settings.
Examinations for the CMT Program are administered twice a year in April and October at Prometric testing centers around the world. For complete information, please visit http://www.mta.org.