Instructor(s)

Billy Viljoen

Course Director

Billy has over 20 years of experience in the financial markets. He currently acts as a consultant to some of South Africa’s major corporate clients on treasury risk management. He has held senior positions at two of South Africa’s major financial institutions both in South Africa and New York with the most recent being director and head of FX Options sales at ABSA Capital where he was responsible for the bank’s FX structuring business across South Africa. He is considered a subject matter expert in foreign exchange derivatives Billy through his years has obtained unparalleled dynamic hedging experience as a corporate client advisor and derivative structurer to clients located across Africa, Europe and the Americas.

Niel Le Roux

Course Director

Niel gained international exposure with Credit Suisse, initially in London and later New York and Singapore. He returned to South Africa in 2009 and joined ABSA Capital in Structured FX Sales, where he worked until 2012 when he founded his own financial services advisory firm. Neil is also a registered Dealer in the Equity and Currency Derivatives Markets on the Johannesburg Stock Exchange

FAQ about the ACI Exams

ACI Dealing Certificate, the ACI Operations Certificate, the ACI Diploma and the FX Gllobal Code Certificate.

  • Do I need to be a member of the ACI to take the exam?

    No, anyone may take the exam.

  • How do I become an ACI member?

    To join, please go to https://acifma.com/joinacifma for more information.

  • Where can I take the exam?

    The exam is computerised. You can take it at any of the many testing centres around the world. If you need help finding a testing centre, please email us.

  • How much does the exam cost?


    The Dealing Certificate exam EUR 230 for ACI members and EUR 280 for Non-members

    The Diploma costs EUR 350

    The Operations Certificate EUR 230 for ACI members and EUR 280 for Non-members.

  • May I take a calculator to the exam?


    Yes you are allowed a calculator. Most 'normal' calculators are acceptable - choices range from Hewlett Packard HP12C, HP17B or HP19B, or any other hand-held calculator which is not text-programmable.

    A 'Windows' calculator is available on the computer screen while you are taking the exam.

  • I studied for the exam a long time ago - has the exam changed?

    Yes, there is a new version for all certifications as at November 2020, the previous version of the ACI Dealing Certificate was retired as at 31 March 2021.

  • Will I need any books other than the training material provided by your company?

    No, the material we provide is complete, including exercises and practice exams.

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