2019 CFA Exam to Feature Blockchain and Crypto Related Questions

2019 CFA Exam to Feature Blockchain and Crypto Related Questions

Cryptocurrency is gradually showing its mass adoption and expansion. Now, CFA exams 2019 will feature questions on Blockchain and cryptocurrency.

What is CFA?

CFA stands for Chartered Financial Analyst. It is a charter awarded by the CFA Institute (USA). CFA Institute is a global association of investment professionals. The organization offers the Chartered Financial Analyst (CFA) designation.

The requirement for CFA spans across various verticals in the Finance industry especially in the field of Portfolio Management, Equity/ Market Research, Corporate Finance and Investment Banking. The candidate who passes this certification is awarded ‘CFA Charter‘. This certification covers a broad range of topics related to financial markets like Stock, bonds, derivatives, interest rate etc.

CFA and cryptocurrency – What is it all about?

The CFA Institute has added new topics on blockchain technology and cryptocurrencies for the 2019 Level I and Level II Chartered Financial Analyst (CFA) exam curriculums. The Institute is expecting knowledge of these topics for the first time in 2019 exams as part of the Fintech section.

For those who are working in the crypto space, this is a great news as this marks yet another sign that crypto has entered the famous and the prestigious Wall Street. Darius Sit, a former foreign exchange and bond trader at BNP Paribas and who is now the managing partner of cryptocurrency trading firm QCP Capital in Singapore, said:

“It’s positive that organizations like CFA are drawing attention to the space… More education is always good.”

Under the Fintech section, there are four relevant areas:

1. Financial analysis technology : includes topics such as big data analysis, artificial intelligence, machine learning, and algorithmic trading
2. Portfolio management technology : includes topics such as Robo-advisors (computer algorithms that help retail investors build and manage their portfolios with least human interaction)
3. Capital formation : includes topics such as peer-to-peer (P2P) lending, shadow banking, and crowd-funding
4. Market infrastructure : includes topics such as cryptocurrencies, blockchain technology, and high-frequency trading.

CFA Institute added these topics after seeing a surging interest by industry participants in surveys and focus groups. Material for the 2019 exams will be released in August, giving candidates their first opportunity to start working a recommended 300 hours of study time.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.