Series 3

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Series 3

A license, granted by FINRA, entitling a holder to trade in commodities and futures. In order to be eligible for a series 3, one must complete an exam covering a number of topics, including: futures trading theory; margins, limits, and settlements; orders, accounts, and analysis; hedging; spreads; speculation; options; and regulation. There is no prerequisite for a series 3, but it is a prerequisite for a series 30.
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Both agencies require their brokers to have a Series 3 license.
Here are few of the many benefits: full trading transparency and control; account management and reporting in real time; high risk and high return objective; access to trading assistance with professional Money Manager mostly with Series 3 license; liquidity of assets - money that is not presently used for margin can be withdrawn at any time; diversified forex trading discipline using the major currencies only to help traders broaden their horizons; asset diversification particularly on forex, futures, options and commodities; trading opportunities in volatile markets; ability to take part through an individual retirement account, Roth IRA, or through certain company retirement plans; and customization of fees.