Cryptocurrency and blockchain are steadily staging its place for expansion and mass adoption. Making way for numerous inventions and opportunities for the future generation. Chartered Financial Analyst (CFA) is a charter designation awarded by the CFA Institute (USA), a global association of investment mavens who also are not able to hold itself from being untouched by the unraveling and disrupt features of this technology. Now, 2019 CFA exams will feature questions on Blockchain and cryptocurrency to its Level I and II and the appearing candidates will be able to see the newly updated course curriculum by next month August 2018.
CFA is considered one of the most grueling exams with less than 50% its participants passing. Most are required to study for more than 300 hours before taking the assiduous test. This certification covers a broad range of topics related to financial markets such as stocks, bonds, derivatives, interest rates, Portfolio Management, Equity/ Market Research, Corporate Finance, and Investment Banking.
The Institute is expecting beforehand knowledge of the topics as part of the exam by adding blockchain technology and cryptocurrency concepts:
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.
Noticeably, the worlds of finance and crypto have become increasingly intertwined after last year’s Bitcoin bang. Although digital coins have dropped in 2018 and the real-world impact of blockchain ventures has thus far been limited, some spectators say the technology could ultimately transform global financial systems. Now trading in Chicago, blue-chip firms like Goldman Sachs Group Inc., that are experimenting in digital assets, and scores of Wall Streeters are joining crypto-related startups due to positive regulations.
For those who are operational in the crypto space, this is a great newsflash showing another sign that crypto has entered the famous and prominent Wall Street. Darius Sit, a former foreign exchange and bond trader at BNP Paribas and current managing partner of cryptocurrency trading firm QCP Capital in Singapore, said, “It’s positive that organizations like CFA are drawing attention to space… More education is always good.”