IBF, SGX band together to upskill Singapore stockbroking industry

They’re launching new modules, revised certification pathways.

The Institute of Banking and Finance Singapore (IBF) and Singapore Exchange (SGX) have banded together to launch training and development initiatives that will upskill the stockbroking industry.

IBF has rolled out a new set of IBF competency standards for trading representatives. IBF will also be working with training providers to offer a 3-level certification pathway to provide a dealer with structured training to progress to more senior roles.

Level 1 IBF certification enables traders to develop foundational knowledge of Singapore-listed stocks and financial markets, and gain technical skills. Level 2 targets senior dealers and remisiers to attain more complex skills. Level 3 is for senior practitioners preparing to lead a dealing team, and is intended to enhance specialist skillsets and managerial capabilities.

Meanwhile, SGX Academy will become an IBF Level 1 training and certification provider. It will also launch nine new training modules in February 2016 that focus on technical and client management skills. These modules span over 130 training hours.