CISI Capital Markets

Derivatives Unit

The CISI Capital Markets Programme offers a study pathway for practitioners in the capital markets wholesale sector.  The programme was developed with representatives from leading global financial services organisations, both capital markets, wholesale and retail and with input from AFME, WMA, AIC, FOA and accredited training providers to meet the needs of the changing industry.  The objective of the programme is to ensure that candidates have a basic knowledge of the regulations and practices in financial and commodity derivatives, their underlying markets, trading and the principles of investment strategies.

This programme is aimed at practitioners advising and/or dealing in securities and/or derivatives. It is also aimed at people who want to enter the financial services sector or work with clients from the sector.


The qualification is increasingly used as a benchmarking tool by major banks and investment firms to ensure that staff possess practical knowledge which can be immediately applied to business activities.

Qualification Structure

Local Regulatory Paper Derivatives Unit Capital Markets Certificate

The complete Capital Markets Programme is achieved by passing 2 examinations:

  • A Local Regulatory Paper (e.g. CySEC Examinations)
  • A Technical CISI Unit like the Derivatives Operations Unit

Key Features

  • Entry level qualification for the capital markets/wholesale sector
  • Offers a progressive study pathway – the Capital Markets Programme is the first step in the CISI’s capital markets qualifications study pathway and offers access to higher-level qualifications
  • The UK regulatory unit can be replaced by the CySEC regulatory paper
  • Free CISI Student membership– become associated with a chartered professional body and take advantage of an extensive range of benefits
  • Access to Associate membership and ACSI designatory letters

Trainer: Yiannos Ashiotis

A seasoned trainer, Yiannos has been putting his diverse international business experience in good use by helping organizations achieve their targets by empowering their people through energetic, value adding training programs.

Yiannos has developed and conducted professional training seminars with emphasis on accounting, finance, management, regulation as well as a variety of business topics to corporate audiences in many countries including Poland, Hungary, Greece, Cyprus, Kuwait, Oman, Qatar, Bahrain, Saudi Arabia, Dubai, Egypt, Abu Dhabi etc.

During his career Yiannos has held various managerial and executive positions in a number of multinational companies in Europe and the Middle East in a variety of industries.

He was involved in diverse activities ranging from business development to operations and executive management. He structured complex investment funds, lead organizational change, and implemented regulatory programs across international organizations.

Yiannos holds non–‐executive directorships in a number of financial services organizations and is a member of many international professional bodies. He is currently the Managing Director of Intelion Partners, a boutique firm focusing on management, financial, and investment firm/fund advisory and consulting.

DATES: 16-17 June 2016


LOCATION: Frederick University, Limassol

TIME: 08:30 - 17:00

FEES: HRDA eligible €298, non-HRDA eligible €480 (both + €91.20 VAT)


You can register by sending the completed registration form above to [email protected] or via fax to 2227 4475. If you need help completing the form, please give us a call at 2227 4470

What is on the syllabus? 

  • Introduction to Derivatives
  • Underlying Markets
  • Exchange Traded Futures and Options
  • Principles of Exchange-Traded Futures and Options
  • Principles of OTC Derivatives
  • Principles of Clearing
  • Delivery and Settlement
  • Trading, Hedging and Investment Strategies
  • Special Regulatory Requirements


How much work is required?

The CISI recommend 80-100 hours of study time per unit.  The required study time is reduced if a course is attended


When are the exams?

Each unit is examined by multiple choice. The exams are administered via computer-based testing and run throughout the year.


What is the exam structure?

The exam consists of 100 multiple choice questions and lasts 2 hours

[table “6” not found /]