Students of the University of Frankfurt pass stock exchange trader exam – new chance in summer term
Five students from the faculty of business administration passed their examination for electronic trading at the Frankfurt Stock Exchange. This achievement will serve as an additional professional qualification in the field of stock trading and financial markets.
For the admission to trade stocks, employees of banks and brokers have to succeed in a Xetra trader exam to prove professional skills as well as experience and knowledge of electronic trading. This includes, but is not limited to, the stock trading laws, the segments of the different stock markets, the Xetra market model, the price determination and clearing & settlement processes.
The lecture “e-Finance: Information Systems in Financial Markets” held by Prof. Dr. Peter Gomber during the summer term has officially been approved as a (free of charge for students) preparation course for the Xetra trader exam by Deutsche Börse AG. Students which passed the lecture exam were given the possibility to take part in the Xetra trader exam organized by Deutsche Börse AG on behalf of the Hesse Ministry of Commerce. Additionally, the exam fees had been omitted completely or partly for the best students of the course. Therefore, five students took part in the exam – all of them passed.
Jens Hachmeister, Director and responsible for the Deutsche Börse AG Training Center congratulated the successful participants:
“The cooperative offer of the Chair of e-Finance and Deutsche Börse AG is a further example for the successful integration of scientific and practical content. By participating in the trader exam the students gather an important additional professional qualification yet during their studies. This will give them a sustained competitive advantage for their first step into the financial industry.”
During the upcoming summer term in 2006 the course “e-Finance: Information Systems in Financial Markets” (approved as elective compulsory in majors Business Informatics and Finance) will be accepted as preparation course for the traders exam again. As an additional bonus for summer term 2006 students, the new FWB exchange trader examination will qualify participants for floor trading, too. This is possible because of a unification of the trader exam rules in cash markets from January 2006 on.
Prof. Dr. Peter Gomber, Jan Steenbergen, Roland Wittner, Claudia Reininger, Thiemo Volkholz, Cafer Dincer und Jens Hachmeister (v.l.n.r.)