Series 3 Exam Overview — Format & Topic Weights

Series 3 at a glance

• Exam in app: Series 3 – National Commodity Futures Examination
• Reference question count: 120
• Reference time: 150 minutes
• Approximate pace: ~75 seconds per question

Topic weighting map

• Part 1A - Futures Markets, Contracts, and Core Terminology — 25%
• Part 1B - Margin, Settlement, Orders, and Price Analysis — 22%
• Part 1C - Hedging, Spreads, Speculation, and Options Strategies — 24%
• Part 2 - Regulations (CFTC/NFA), Compliance, and Disclosures — 29%

How to study this exam

1. Start with the highest-weighted area: Part 2 - Regulations (CFTC/NFA), Compliance, and Disclosures (29%).
2. Use the Syllabus to close gaps topic by topic.
3. Use timed sets in Practice to build pacing discipline.