Market Technicians Association Hires New Executive Director/CEO

NEW YORK, NY, October 1, 2012 — The Market Technicians Association, Inc., the leading global organization for technical analysis professionals and the governing body for the Chartered Market Technician (CMT) designation, has hired Tim Licitra as the new Executive Director/CEO. This position was previously held by Tom Silveri since 2006, who earlier in 2012 announced his upcoming retirement. Tim will be responsible for the day-to-day operation and administration of the Market Technicians Association and will lead the CMT staff in the execution of strategic initiatives set by the Board of Directors. Having been with the CMT Association since 2005, Tim previously held the position of Marketing Coordinator, Marketing Director, Managing Director – Development, and now Executive Director/CEO.

“The CMT has seen significant growth and development under the leadership of Tom Silveri,” said David Keller, CMT, President of the CMT. “On behalf of the CMT Board of Directors, I would like to thank him for all he has done for our association. We are pleased to announce the promotion of Tim Licitra to the position of Executive Director. Tim has been with the CMT for over seven years and his intimate knowledge of our association and industry will allow for the continued forward movement of our association and technical analysis.”

“I am excited for what lies ahead for both me and the CMT as the next Executive Director,” said Tim Licitra. “It has been a great experience being able to grow with our membership, and I look forward to continuing to do so in this new role. Now is an exceptional time to be a member of the CMT as we are experiencing growth in both membership and CMT charterholders, we have many global events taking place, and we are always working to refine our service offerings. I am pleased to be able to continue my efforts in helping to raise awareness for technical analysis around the world. Working with and being given the opportunity to learn from Tom Silveri has been an invaluable experience. Bringing the CMT, CMT and technical analysis to new heights is a goal that I, along with the Board of Directors, will be working diligently on in the years to come.”

The Market Technicians Association’s objective is to educate the investment community and CMT members in technical analysis. Approximately 4,500 analysts and related market professionals in over 85 countries are members of the CMT. The CMT is responsible for the creation, oversight, administration, and regulation of the CMT designation. The CMT is the only technical analysis designation recognized by the Financial Industry Regulatory Authority (FINRA). It is also the only designation for technical analysts that qualifies as a “Series 86” exemption upon passing levels 1 and 2 of the CMT exam.