BA-402 · Lesson 3 of 9

Who Can Become an Exchange Trader

Learn what an exchange trader does, what requirements they must meet, and how the broker designates them for certification.

9 min read Professional Exchange Trader Certification
Track contents BIMx Trading Infrastructure
0/9 lessons0%
 Back to the track
BA-401 · The ARENA Trading PlatformARENA Trading and the BIMx Operating ModelThe BIMx Trading Session, State by State
BA-402 · Exchange Trader CertificationWho Can Become an Exchange TraderThe Certification Exam and Access Credentials
BA-403 · Trading SimulationsSimulations: The Dress Rehearsal Before the First Session
BA-404 · Becoming a BIMx MemberBecoming an Exchange Member, Step by StepClearing and Settlement Through the Single Central Securities Depository
BA-405 · The Broker's Role in Issuer AdmissionInitiating Participant and Intermediary ParticipantPreparing BVM Issuers and Municipal Bond Issues

The role of the exchange trader

Certification checks two things: knowledge of the capital market regulatory framework and the practical ability to use the ARENA Trading platform. The procedure is set out in the BIMx Regulation on the Certification of Exchange Traders and detailed in the Procedure for Organising the Theoretical and Technical Assessment, both approved by the BIMx Executive Body and published on bimx.md.

Requirements, all of which must be met

  • Has full legal capacity.
  • Is a citizen of the Republic of Moldova or, for foreign nationals, has the legal right to work in the Republic of Moldova.
  • Is not in any situation of incompatibility or conflict of interest that would affect the exercise of this role.
  • Is employed by a broker that is a BIMx member and has been designated by that broker for certification.

Professional knowledge is not demonstrated through diplomas or certificates obtained elsewhere, but only through the exam provided for in the Regulation.

Designation by the broker

Exchange trader status can be obtained only on the proposal of a member broker. The employing broker submits a certification file: the application signed by the legal representative, the compliance declarations, the candidate's identification documents, and the other documents required by the Regulation. The file is sent electronically, with a qualified electronic signature, to BIMx's official email address.

Key takeaways

  • An exchange trader enters orders in the BIMx system on behalf of a member broker.
  • The status is obtained only through certification organized by BIMx, with a theoretical and a technical exam.
  • The requirements are cumulative: legal capacity, right to work, no incompatibilities, and employment with a member broker.
  • The broker submits the file electronically, with a qualified electronic signature.
  • A broker needs certified exchange traders to actually trade on ARENA Trading.

Check your knowledge

Answer all the questions. If you answer all of them correctly, the lesson is marked as completed automatically.

Question 1 of 3Who submits a candidate's certification file?

Explanation: Exchange trader status is obtained only on the proposal of a member broker, which submits the certification file.

Question 2 of 3Which of the following is NOT a requirement for becoming a BIMx exchange trader?

Explanation: Holding shares in the exchange is not a requirement. The requirements are legal capacity, the right to work, no incompatibilities, and employment with a member broker.

Question 3 of 3How does a candidate demonstrate professional knowledge?

Explanation: Knowledge is assessed only through the examination procedure provided for in the Regulation.

Finished the lesson?Mark it as completed to track your progress.

Educational material only. It does not constitute investment, legal or tax advice. Numerical examples are hypothetical.