Securities and Commodities Traders
SOC: 41-3031.03

Description:

Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.


National Salary Information:

Hourly Statistics:

Annual Statistics:

Source: Bureau of Labor Statistics 2015 wage data.


Employment Projections:

Employment (2014):
341,500 employed

Projected (2024):
374,000 employed

Projected growth (2014-2024)


Source: Bureau of Labor Statistics 2015 2014-2024 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2014-2024). "Projected job openings" represent openings due to growth and replacement.


Alternate Titles:

  • Bank and Savings Securities Trader
  • Block Trader
  • Bond Trader
  • Broker
  • Commodities Trader
  • Commodity Trader
  • Corporate Bond Trader
  • Equities Trader
  • Equity Trader
  • Fixed Income Director
  • Fixed Income Trading Vice President
  • Floor Broker
  • Floor Trader
  • Flow Trader
  • Foreign Exchange Trader
  • Forex Trader
  • Futures Trader
  • Hedge Fund Trader
  • Hybrid Derivatives Trader
  • Investment Trader
  • Municipal Bond Trader
  • Online Trader
  • Option Trader
  • Options Trader
  • Proprietary Trader
  • Securities Lending Trader
  • Securities Trader
  • Trader
  • Trading Specialist


  • Job Zone Four: Considerable Preparation Needed

    Experience:

    A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

    Education:

    Most of these occupations require a four-year bachelor's degree, but some do not.

    Job Training:

    Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.


    Required Skills:

  • Reading Comprehension
  • Active Listening
  • Writing
  • Speaking
  • Mathematics
  • Critical Thinking
  • Active Learning
  • Learning Strategies
  • Monitoring
  • Social Perceptiveness
  • Coordination
  • Persuasion
  • Negotiation
  • Instructing
  • Service Orientation
  • Complex Problem Solving
  • Operations Analysis
  • Technology Design
  • Programming
  • Operation Monitoring
  • Quality Control Analysis
  • Judgment and Decision Making
  • Systems Analysis
  • Systems Evaluation
  • Time Management
  • Management of Financial Resources
  • Management of Material Resources
  • Management of Personnel Resources

  • Knowledge Used:

  • Administration and Management
  • Clerical
  • Economics and Accounting
  • Sales and Marketing
  • Customer and Personal Service
  • Personnel and Human Resources
  • Production and Processing
  • Computers and Electronics
  • Engineering and Technology
  • Mathematics
  • Psychology
  • Geography
  • Education and Training
  • English Language
  • History and Archeology
  • Public Safety and Security
  • Law and Government
  • Telecommunications
  • Communications and Media
  • Transportation


  • Tasks:

  • Agree on buying or selling prices at optimal levels for clients.
  • Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.
  • Make bids or offers to buy or sell securities.
  • Analyze target companies or investment opportunities to inform investment decisions.
  • Develop or maintain supplier or customer relationships.
  • Devise trading, option, or hedge strategies.
  • Identify opportunities or develop channels for purchase or sale of securities or commodities.
  • Inform other traders, managers, or customers of market conditions, including volume, price, competition, or dynamics.
  • Monitor markets or positions.
  • Process paperwork for special orders, including margin or option purchases.
  • Receive sales order tickets and inspect forms to determine accuracy of information.
  • Report all positions or trading results.
  • Review securities transactions to ensure conformance to regulations.
  • Track and analyze factors that affect price movement, such as trade policies, weather conditions, political developments, or supply and demand changes.
  • Write or sign sales order confirmation forms to record or approve security transactions.
  • Make transportation arrangements for sold or purchased commodities.
  • Prepare financial reports, such as reviews of portfolio positions.
  • Reconcile account-related statements, such as quarterly or annual statements or confirmations.
  • Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
  • Supervise support staff and ensure proper execution of contracts.
  • Buy, sell, or trade carbon emissions permits.
  • Identify or pursue investment strategies related to the green economy, including green hedge funds, renewable energy markets, or clean technology investment opportunities.

  • Tools & Technology:

  • Computer data input scanners
  • Desktop computers
  • Laptop computers
  • Laser facsimile machines
  • Multi-line telephone systems
  • Personal computers
  • Photocopying equipment
  • Bloomberg Professional
  • BondDesk Group Trader WorkStation
  • C++
  • Charles River Development Charles River Investment Management System
  • Citi The Yield Book Calculator
  • CQG Integrated Client
  • Fixed income alternative trading systems ATS
  • Linux
  • Microsoft Access
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Visual Basic
  • Oracle Java
  • R
  • Redi Enterprise Development Redi ERM
  • Telvent DTN ProphetX
  • The MathWorks MATLAB
  • Tradeweb Markets Tradeweb
  • Triple Point Commodity XL
  • UNIX
  • Web browser software
  • Web-based trading systems


  • sales and related


    industry stats

    SOC: 41-0000

    Total Employed: 14,462,120

    Average Annual Salary: $39,320