Series 3(redirected from Series 3 Licenses)
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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