CERTIFICATE IN DERIVATIVES MARKET STRATEGIES (CDMS)
Unlock the Complex World of Derivatives with an Internationally Respected Certification
Certificate in Derivatives Market Strategies (CDMS)
Unlock the Complex World of Derivatives with a Globally Recognised Certification
Access a sample of the CDMS Course
Why CDMS?
Proven Capabilities
NISM and Moody's Analytics have extensive experience in designing and delivering a broad range of financial market certifications. This program represents global best practices in derivatives tailored to the unique Indian context.
Best Practices in Setting Credentials
This certification programme, jointly offered by NISM and Moody's Analytics, has been designed by industry experts, applying global standards in the design and delivery of credentials that demonstrate proficiency in both knowledge and application.
Milestone Recognition
Students will receive a Notice of Module Completion from NISM and Moody's Analytics after finishing each of the online modules.
Accelerating Use of Derivative Instruments in India
This certification will position you as a derivatives specialist and open up job and career opportunities in this fast growing field.
Cutting-Edge
Mobile ready. Accessible anytime, anywhere. The use of introductory videos and modularised content is designed to offer individuals a rich learning experience.
Cost-Effective Solutions
The CDMS is priced competitively and is in line with market expectations.
Programme Overview
The Certificate in Derivatives Market Strategies (CDMS), jointly offered by NISM and Moody's Analytics, is an internationally recognised certification that provides the knowledge and skills required to enter into and progress in a variety of roles that employ derivatives. With the CDMS in hand, individuals will be recognised for their specialised knowledge and qualifications in the advanced concepts of both exchange-traded and over-the-counter (OTC) derivative instruments and their applications.
CDMS Programme Benefits
Upon completion you will be able to:
- Demonstrate an advanced, global standard in developing strategies using derivatives while raising professional standards
- Extend your knowledge of exchange-traded derivatives and gain an in-depth understanding of OTC derivatives
- Gain an in-depth understanding of the various underlying markets that the key derivative instruments are based on and are frequently used in
- Use the skills to unravel the technical complexities of derivatives into actionable knowledge that can be immediately applied in your current role or assist your career progression
Who Should Enrol
All professionals involved or aspiring to be involved in any aspect of derivatives. There is no prerequisite course work or experience.
For a detailed programme outline and course content, download the CDMS brochure.
Programme Pricing
Module 1 + Module 2 + Module 3 + Module 4 + Module 5 + Module 6 + Certification Exam Attempt
Rs 22,000 (plus taxes)
No hidden costs. Pricing includes course and exam.
Complete one of the three NISM Certification Examinations mentioned below, all modules in the CDMS course, and register for the Certificate in Derivatives Market Strategies examination. Successfully passing this examination will earn you the Certificate in Derivatives Market Strategies.
For a detailed programme outline and to learn more about CDMS, download the brochure.
The CDMS course consists of the following modules:
1. An Overview of Derivatives
Candidates will be able to identify the key features of derivatives, understand its evolution, and note the similarities and differences among the various types of derivatives, including forward- and option-based and exchange-traded and OTC derivatives.
2. Understanding Underlying Markets
Understand the structural foundations and the various supply and demand factors affecting markets that underlie the most significant international derivatives contracts. Some of the markets examined include crude oil, natural gas, gold, agricultural commodities, interest rates and foreign exchange.
3. Pricing of Forward and Option-Based Contracts
This module provides advanced coverage of the unique aspects of pricing of both forward and option-based derivatives. In addition, the module covers the unique pricing features of each of the various financial, energy, metal and agricultural derivatives.
4. OTC Derivatives
This module provides advanced coverage of interest rate, currency, equity and commodity swaps, forward rate agreements, and OTC options such as caps, floors and collars. It helps understand how these instruments are structured, traded, priced and used.
5. Advanced Trading Techniques Using Derivatives
The module explains how options are priced and how they are used to create bull and bear spreads. In addition, you will learn about volatility, income, and hedging strategies, and about how technical analysis can be used as a tool for both options and futures trading.
6. Advanced Risk Management and Product Structuring Techniques Using Derivatives
This module explains how derivative instruments are used to mitigate interest rate, currency, equity, energy, metal, and agricultural price risk faced by organisations involved in these underlying markets. It covers option- and forward-based derivatives and exchange-traded and OTC derivatives. The module concludes by describing the benefits and risks of this increasingly common use of derivatives to investors.
Certificate in Derivatives Market Strategies (CDMS) |
Price |
|
|---|---|---|
Module 1 + Module 2 + Module 3 + Module 4 + Module 5 + Module 6 + Certification Exam Attempt No hidden costs. Our best pricing package includes six modules and a certification exam. |
Rs 22,000 (plus taxes) |
Enroll Now |
Individual modules are also available for purchase. Please contact us for more information.
Frequently Asked Questions
What is CDMS and who is it meant for?
The Certificate in Derivatives Market Strategies (CDMS) is an advanced level certificate in Derivatives. It is an asset for a wide range of securities industry careers. It is an excellent means to gain an edge when applying for or advancing in roles that use derivatives such as:
- Trading Desk Professionals
- Investment Advisory Roles
- Institutional Sales
- Research Analysis
- Risk Management
- Conventional and Alternative Portfolio Management
- Structured Product Development
- Treasurer Roles
What are the benefits of the CDMS certification?
Upon completion you will be able to:
- Demonstrate an advanced, global standard in developing strategies using derivatives while raising professional standards
- Extend your knowledge of exchange-traded derivatives' products and enable yourself to introduce Over the counter (OTC) derivatives and their various product characteristics and applications
- Gain an in-depth understanding of the various underlying markets that the key derivative instruments are based on and are frequently used in
- Use the skills to unravel the technical complexities of derivatives into actionable knowledge that can be immediately applied in your current role or assist your career progression
Is CDMS a known certification?
The CDMS is an established and credible global certification brought into India by the National Institute of Securities Markets (NISM) in collaboration with Moody's Analytics.
How can I enrol in the CDMS proctored examination?
Every quarter the candidates will be sent the dates of the CDMS proctored examination along with a physical copy of the form. If the candidate is interested in appearing for the CDMS proctored examination, s/he will have to fill in the form and send a scanned copy of it to NISM. Thereafter, NISM shall check if the candidate has fulfilled the pre-requisites for the CDMS examination and accordingly enrol the candidate for the examination and communicate the same to him.
What are the Pre-requisites to write the CDMS proctored examination?
You must complete one of the NISM Derivatives Examinations and each of the CDMS modules then you will gain access to write the CDMS proctored exam.
What are the modules that comprise the CDMS course?
- Introduction to Derivatives
- Underlying Markets
- Pricing of Derivatives
- OTC Derivatives
- Advanced Trading Techniques Using Derivatives
- Advanced Hedging and Product Construction Techniques Using Derivatives
Can I purchase the modules individually or do I have to purchase them all together at the same time?
You can purchase them individually over time or all at once.
Is it compulsory to appear for the CDMS proctored examination?
To earn the Certificate in Derivatives Market Strategies an individual must complete the pre-requisites and the proctored CDMS examination. Students however who are just seeking specific derivatives knowledge can choose to just complete one or several modules, depending on their area of interest. These students will receive a Notice of Course completion for each module they complete but will not earn the full CDMS.
What is the assessment structure for the CDMS exam?
CDMS is a proctored computer based 3 hour examination. The exam consists of 60 application based questions. The passing mark for the CDMS examination is 36 marks. This is no negative marking.
When and where can I appear for the CDMS proctored examination?
After completing the pre-requisites, you can register for the proctored examination with NISM. The exams are held at designated NISM test centres.
For how long can I access the CDMS study material on the Learning Management System?
The modules will be available for a 2 year period after the purchase of the first module or the complete set of modules. You must complete the CDMS proctored exam within this 2 year period.
What is the mode of studying for the CDMS course?
The eLearning self-study modules are available through the Learning Management System (LMS).
Do I get recognition for completing each of the modules?
Yes, you will get a Notice of Module completion from Moody's Analytics and NISM after completing each of the online modules (whether you buy the modules individually or as a package).
What is the validity period for the CDMS?
The Certification in Derivatives Markets Strategies (CDMS) is valid for life.
Will I get a certification after completing the CDMS?
If you successfully pass the CDMS proctored examination and attain a score of 60 percent or more then you will be awarded the CDMS certification and receive a wall certificate that will be emailed to you.
Contact Us
If you have any questions about enroling in our programme, are already registered with us and need support, or if you'd like to enrol your organisation, email us at [email protected] or call us at +91-22-62581919 (Call Timings: 9 AM – 9 PM (Mon – Fri)).
About Us
National Institute of Securities Markets (NISM) is a leading provider of high-end professional education, certifications, training and research in Indian Financial Markets. NISM engages in capacity building among stakeholders in the securities markets through professional education, financial literacy, enhancing governance standards and fostering policy research.
Moody's Analytics helps capital markets professionals respond to an evolving marketplace with confidence. Its Training and Certification division has been helping people build their skills in finance for more than 40 years. Moody's Analytics offers comprehensive training programs, industry recognised certificates and designations for numerous financial institutions across the globe.