SGX Online Education Programme (Singapore)
What is SGX Online Education Programme?
From Jan 2012, as part of the Monetary Authority of Singapore’s initiatives to provide trading safeguards to retail investors, brokers must assess if investors have the relevant knowledge and experience before they can invest using Specified Investment Products.
Specified Investment Products have structures, features and risks that may be more complex and require more knowledge to understand.
The current list of Specified Investment Products includes:
Exchange Traded Funds (ETFs)
Exchange Traded Notes (ETNs)
Futures (Extended Settlement contracts)
Structured Warrants
Futures and Options
More of such products may be introduced to the market in future.
About SGX Online Education Programme:
SGX Online Education Programme is an online educational programme to teach basics of Specified Investment Products. You can also take the SGX Online Education Programme test or quiz to gauge your grasp on the Specified Investment Products materials that were taught.
If you plan to trade in Specified Investment Products in Singapore, the quiz on SGX Online Education Programme is accepted as one of the criteria to qualify to trade in SIPs. A successful quiz result is valid for use for one year.
You must register on the SGX Online Education Programme before you can use the system.
SGX Online Education Programme study material comprises a series of slides. You study the materials on the SGX Online Education Programme before attempting the quiz. The system says it takes about one hour although we took more time to go over the SGX Online Education Programme materials in one sitting at a stress-free pace. But you can study the materials at your own time and pace, flip through the chapters back and forth, log off and come back on different days even.
When you think you are ready, you can then take the SGX Online Education Programme quiz / test.
To pass the SGX Online Education Programme quiz, you must score at least 18 out of 20 correct answers. There is no time limit. But if you quit the test half way and return later, a different set of questions will appear.
Your SGX Online Education Programme quiz result appears immediately after you submit the answer to the last question.
The SGX Online Education Programme quiz is difficult to pass, if you do not understand the materials. You must apply what you learn in the SGX Online Education Programme as the questions are not a straight forward regurgitation of facts and learning materials.
Good luck to you if you plan to take the SGX Online Education Programme and attempt to pass the quiz.