History
The Market Technicians Association (MTA) was incorporated as a not-for-profit Association in 1973, but began holding meetings as early as 1971. There were 18 charter members in 1973, but the three “founders” are considered to be Ralph Acampora, John Brooks and John Greeley. These charter members found that they were doing the same thing for a living (practicing technical analysis), and believed there should be an organization similar to the one that already existed for fundamental analysts. At first, the MTA was a New York based group, however, as it became apparent that there were technical analysts all over the globe, the MTA transformed first to a U.S. based and eventually to a global professional association.
The MTA's Chartered Market Technician (CMT) program emerged after significant work in second half of the 1980s. The first tests were given and the first CMTs were granted in 1989. In 2005 the NASD (now FINRA) submitted a rule filing with the Securities and Exchange Commission to accept the CMT 1 and 2 as an alternative to the series 86 examination required of financial analysts.
Through most of the early years of its history, the MTA was located in various downtown New York City locations, usually in a shared space of other friendly associations (i.e., NY Institute of Finance ; later the NY Society of Security Analysts ). In September, 2001 the MTA was in the World Trade Center when the Twin Towers fell.
The MTA quickly relocated to space in Woodbridge, New Jersey (approximately 10 miles from downtown NYC) and actively worked at building back its library of resources through, in large measure, through the donations of members and friends of the MTA. The MTA moved back to a new downtown NYC location in early 2007, located at 61 Broadway—Suite 514, NY, NY 10006, which is within one block of the New York Stock Exchange (NYSE).
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