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{{Infobox organization | |||
The '''Market Technicians Association''' (MTA) is a non-profit, professional organization of technical analysts in the United States. The MTA seeks to educate the financial community and public, increase the use of ], and maintain high standards of expertise and ethics among technicians. The MTA certifies that an individual is competent in the use of technical analysis via the ] (CMT) designation. | |||
| name = CMT Association | |||
⚫ | | full_name = Chartered Market Technician Association | ||
==History== | |||
| logo = CMT Logo Transparent.png | |||
Informal gatherings of a few ] technicians in the early 1970s led to the incorporation of the Market Technicians Association in 1973. The MTA's 18 charter members were all professional analysts working in ]. The group aspired to include other technical analysts working around the U.S., and soon began publishing a newsletter (''Technically Speaking'') and in 1976 a research journal (''Journal of Technical Analysis''). | |||
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The group's early history also included establishing a lending library for members. The library was moved to various locations on and near Wall Street for 20 years; in 1994, the library and MTA office itself found what appeared to be a lasting home, located in Tower One of the ]. Following September 11, 2001, the library was rebuilt through the generosity of most publishers of books on technical analysis, as well as donations made by many members of the organization. The MTA office is now at 61 Broadway in New York City. | |||
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==Purpose== | |||
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The MTA's mission is to: | |||
| formation = {{start date and age|1967}} | |||
* "Attract and retain a membership of professionals devoting their efforts to using and expanding the field to technical analysis and sharing their body of knowledge with their fellow members | |||
| founders = Group of New York ]s | |||
* "Establish, maintain and encourage the highest standards of professional competence and ethics among technical analysts | |||
| type = ] | |||
* "Educate the public and the investment community to the value and universality of technical analysts." | |||
| status = ] association | |||
The MTA also requires its members to abide by its nine-point "Code of Ethics," which serves as "a guide of professional responsibility and…benchmark for ethical judgment." | |||
| purpose = <!-- or |focus = --><!-- humanitarian, activism, peacekeeping, etc. --> | |||
| professional_title = Chartered Market Technician (CMT) | |||
In 1993 the Market Technicians Association established the , to "identify and fund educational programs in the field of technical analysis at accredited colleges and universities." The foundation has succeeded in bringing conferences and lecture series to many colleges and universities, including ], ], ], the ], and the ]. | |||
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| location_country = ] | |||
The foundation's mission has "expanded to include the creation and support of a complete technical analysis curriculum which is now being taught in classrooms at numerous colleges and universities across the country." The ] in ] offered the first fully accredited course in technical analysis in 1996; today more than 20 business schools offer such courses. | |||
| region_served = Worldwide | |||
| services = Professional training | |||
The foundation also has an active outreach to financial professionals, via sponsored courses at the , the and the in ], ]. The foundation's includes distinguished university professors and Wall Street professionals. | |||
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| membership_year = <!-- year to which membership numbers/data apply --> | |||
| language = English | |||
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| funding = <!-- source of funding e.g. for "think tanks" --> | |||
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| website = {{URL|https://cmtassociation.org/}} | |||
}} | |||
The '''CMT Association''' is a non-profit, global, ] of ] headquartered in New York City, servicing over 4,500 ] professionals in around 137 countries. The CMT Association is a global credentialing body with nearly 50 years of service to the financial industry.<ref>{{Cite web |date=2017-11-14 |title=About - CMT Association |url=https://cmtassociation.org/association/ |access-date=2023-07-09 |language=en-US}}</ref> The CMT Association certifies that an individual is competent in the use of technical analysis via the Chartered Market Technician (CMT) designation.<ref>{{cite web |last1=Chorpenning |first1=Ashley |title=What Does a Chartered Market Technician (CMTs) Do? |url=https://ca.finance.yahoo.com/news/chartered-market-technicians-cmts-183951564.html |website=Yahoo |publisher=Yahoo Finance |access-date=21 May 2022}}</ref><ref>{{cite web |last1=Hayes |first1=Adam |title=CMT Association |url=https://www.investopedia.com/terms/m/mta.asp |website=Dotdash Meredith |publisher=Investopedia |access-date=21 May 2022}}</ref> | |||
==Chartered Market Technician== | ==Chartered Market Technician== | ||
As with |
As with similar finance organizations that establish standards of competence for its members, the CMT Association provides a self-developed standard of proficiency. The Chartered Market Technician program is the examination series that demonstrates proficiency in technical analysis. Candidates who pass the program's three examination levels, and who are also full members of the CMT Association, earn the Chartered Market Technician designation (CMT), certifying that the individual is competent in the use of technical analysis.<ref>{{cite web|last=Carr|first=Michael|title=The Chartered Market Technician (CMT) Program|url=http://sfomag.com/article.aspx?ID=1264|work=]|access-date=2011-07-25|archive-url=https://web.archive.org/web/20090201034050/http://sfomag.com/article.aspx?ID=1264|archive-date=2009-02-01|url-status=usurped}}</ref><ref>{{cite web |last1=Chen |first1=James |title=Chartered Market Technician (CMT) |url=https://www.investopedia.com/terms/c/cmt.asp |website=Investopedia |publisher=Dotdash Meredith |access-date=21 May 2022}}</ref> Candidates who pass the program's three examination levels and are full members of the CMT Association earn the Chartered Market Technician (CMT) designation, certifying their proficiency in technical analysis. This designation is recognized by ].<ref>{{cite web |title=Chartered Market Technician (CMT) |url=https://www.finra.org/investors/professional-designations/cmt |website=FINRA.org |publisher=Financial Industry Regulatory Authority |access-date=21 May 2022}}</ref> | ||
In February 2005, the ] recognized the Chartered Market Technician exams (Levels 1 and 2) as an alternative to the Analysis Series 86 Examination for Technical Analysts, as part of the rule changes filed by the ] and ]. This recognition on the part of securities regulators and the self-governing bodies of the securities industry provided significant new credibility to technical analysis. | |||
==Members== | |||
The MTA includes some 2,500 members. Most are located in the United State, though the MTA says members are in 56 countries worldwide. By occupation, technical analysts (42%) and traders (36%) comprise most of the MTA's members, along with portfolio managers (23%) and brokers (20%). | |||
The MTA is governed by a nine-member . Phil Roth is the current president. Past presidents include Ralph Acampora, Charles Comer, Gail M. Dudack, Mike Epstein, Bruce M. Kamich, David Krell (co-founder and CEO of the International Securities Exchange), Jordan Kotick, Fred Meissner, ], and Alan R. Shaw. | |||
==See also== | ==See also== | ||
* ], by Bob Farrell, first president of the CMT Association | |||
⚫ | * ] | ||
* ] | |||
* ] | |||
== References == | |||
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{{Reflist}} | |||
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==External links== | ==External links== | ||
⚫ | * | ||
{{Authority control}} | |||
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Latest revision as of 03:18, 24 October 2024
Chartered Market Technician Association | |
Formation | 1967; 57 years ago (1967) |
---|---|
Founders | Group of New York technical analysts |
Type | Professional association |
Legal status | Non-profit association |
Professional title | Chartered Market Technician (CMT) |
Location | |
Region served | Worldwide |
Services | Professional training |
Official language | English |
Website | cmtassociation |
The CMT Association is a non-profit, global, professional association of technical analysts headquartered in New York City, servicing over 4,500 market analysis professionals in around 137 countries. The CMT Association is a global credentialing body with nearly 50 years of service to the financial industry. The CMT Association certifies that an individual is competent in the use of technical analysis via the Chartered Market Technician (CMT) designation.
Chartered Market Technician
As with similar finance organizations that establish standards of competence for its members, the CMT Association provides a self-developed standard of proficiency. The Chartered Market Technician program is the examination series that demonstrates proficiency in technical analysis. Candidates who pass the program's three examination levels, and who are also full members of the CMT Association, earn the Chartered Market Technician designation (CMT), certifying that the individual is competent in the use of technical analysis. Candidates who pass the program's three examination levels and are full members of the CMT Association earn the Chartered Market Technician (CMT) designation, certifying their proficiency in technical analysis. This designation is recognized by FINRA.
See also
- Market Rules to Remember, by Bob Farrell, first president of the CMT Association
- Technical analysis
- Certified Financial Technician
- List of international professional associations
References
- "About - CMT Association". 2017-11-14. Retrieved 2023-07-09.
- Chorpenning, Ashley. "What Does a Chartered Market Technician (CMTs) Do?". Yahoo. Yahoo Finance. Retrieved 21 May 2022.
- Hayes, Adam. "CMT Association". Dotdash Meredith. Investopedia. Retrieved 21 May 2022.
- Carr, Michael. "The Chartered Market Technician (CMT) Program". SFO Magazine. Archived from the original on 2009-02-01. Retrieved 2011-07-25.
{{cite web}}
: CS1 maint: unfit URL (link) - Chen, James. "Chartered Market Technician (CMT)". Investopedia. Dotdash Meredith. Retrieved 21 May 2022.
- "Chartered Market Technician (CMT)". FINRA.org. Financial Industry Regulatory Authority. Retrieved 21 May 2022.