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Careers / Securities and Commodities Traders |
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| Summary Description |
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Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale. |
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| Sample Job Titles |
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1. |
Bank and Savings Securities Trader |
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Block Trader |
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Bond Trader |
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4. |
Broker |
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5. |
Commodities Trader |
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Commodity Trader |
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Corporate Bond Trader |
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8. |
Equities Trader |
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9. |
Equity Trader |
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10. |
Fixed Income Director |
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11. |
Fixed Income Trading Vice President |
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12. |
Floor Broker |
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13. |
Floor Trader |
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14. |
Flow Trader |
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15. |
Foreign Exchange Trader |
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16. |
Forex Trader |
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17. |
Futures Trader |
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18. |
Hedge Fund Trader |
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19. |
Hybrid Derivatives Trader |
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20. |
Investment Trader |
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Municipal Bond Trader |
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22. |
Online Trader |
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23. |
Option Trader |
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24. |
Options Trader |
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25. |
Proprietary Trader |
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26. |
Securities Lending Trader |
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27. |
Securities Trader |
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28. |
Trader |
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29. |
Trading Specialist |
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| Job Tasks |
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Make bids or offers to buy or sell securities.
- Negotiate prices or other sales terms.
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Monitor markets or positions.
- Monitor market conditions or trends.
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Agree on buying or selling prices at optimal levels for clients.
- Negotiate prices or other sales terms.
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Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.
- Sell products or services.
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Report all positions or trading results.
- Prepare financial documents, reports, or budgets.
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Review securities transactions to ensure conformance to regulations.
- Review accuracy of sales or other transactions.
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Identify opportunities or develop channels for purchase or sale of securities or commodities.
- Identify investment opportunities or strategies.
- Develop professional relationships or networks.
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Supervise support staff and ensure proper execution of contracts.
- Monitor sales activities.
- Supervise sales or support personnel.
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Devise trading, option, or hedge strategies.
- Identify investment opportunities or strategies.
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Track and analyze factors that affect price movement, such as trade policies, weather conditions, political developments, or supply and demand changes.
- Monitor market conditions or trends.
- Analyze market conditions or trends.
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Inform other traders, managers, or customers of market conditions, including volume, price, competition, or dynamics.
- Share sales-related or market information with colleagues.
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Receive sales order tickets and inspect forms to determine accuracy of information.
- Review accuracy of sales or other transactions.
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Develop or maintain supplier or customer relationships.
- Develop professional relationships or networks.
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Analyze target companies or investment opportunities to inform investment decisions.
- Identify investment opportunities or strategies.
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Prepare financial reports, such as reviews of portfolio positions.
- Prepare financial documents, reports, or budgets.
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Process paperwork for special orders, including margin or option purchases.
- Prepare sales or other contracts.
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Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
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Reconcile account-related statements, such as quarterly or annual statements or confirmations.
- Reconcile records of sales or other financial transactions.
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Write or sign sales order confirmation forms to record or approve security transactions.
- Maintain records of sales or other business transactions.
- Prepare sales or other contracts.
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Identify or pursue investment strategies related to the green economy, including green hedge funds, renewable energy markets, or clean technology investment opportunities.
- Identify investment opportunities or strategies.
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Make transportation arrangements for sold or purchased commodities.
- Arrange delivery of goods or services.
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| Work Activities |
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| Interacting With Computers —
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information. |
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| Getting Information —
Observing, receiving, and otherwise obtaining information from all relevant sources. |
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| Processing Information —
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. |
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| Updating and Using Relevant Knowledge —
Keeping up-to-date technically and applying new knowledge to your job. |
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| Establishing and Maintaining Interpersonal Relationships —
Developing constructive and cooperative working relationships with others, and maintaining them over time. |
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| Communicating with Supervisors, Peers, or Subordinates —
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. |
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| Making Decisions and Solving Problems —
Analyzing information and evaluating results to choose the best solution and solve problems. |
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| Analyzing Data or Information —
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. |
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| Evaluating Information to Determine Compliance with Standards —
Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards. |
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| Identifying Objects, Actions, and Events —
Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events. |
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| Monitor Processes, Materials, or Surroundings —
Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems. |
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| Interpreting the Meaning of Information for Others —
Translating or explaining what information means and how it can be used. |
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| Communicating with Persons Outside Organization —
Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail. |
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| Documenting/Recording Information —
Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form. |
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| Estimating the Quantifiable Characteristics of Products, Events, or Information —
Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity. |
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| Thinking Creatively —
Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions. |
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| Organizing, Planning, and Prioritizing Work —
Developing specific goals and plans to prioritize, organize, and accomplish your work. |
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| Judging the Qualities of Things, Services, or People —
Assessing the value, importance, or quality of things or people. |
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| Selling or Influencing Others —
Convincing others to buy merchandise/goods or to otherwise change their minds or actions. |
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| Provide Consultation and Advice to Others —
Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics. |
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| Developing Objectives and Strategies —
Establishing long-range objectives and specifying the strategies and actions to achieve them. |
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| Monitoring and Controlling Resources —
Monitoring and controlling resources and overseeing the spending of money. |
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| Resolving Conflicts and Negotiating with Others —
Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others. |
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| Performing Administrative Activities —
Performing day-to-day administrative tasks such as maintaining information files and processing paperwork. |
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| Training and Teaching Others —
Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others. |
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| Coaching and Developing Others —
Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills. |
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| Scheduling Work and Activities —
Scheduling events, programs, and activities, as well as the work of others. |
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| Nature of the Work |
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| Working Conditions |
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| Interesting Fact |
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| Dentists have one of the highest suicide rates of all professions. Their rate of suicide is 6.64 times greater than the rest of the working population. |
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| Did you know... |
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| MyPlan.com has over 150,000 pages of free articles that profile various careers, industries, colleges, and majors! |
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