What Do Securities and Commodities Trader Do?
Career Description Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
List of Securities & Commodities Trader Job Duties
- Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
- Devise trading, option, or hedge strategies.
- Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.
- Supervise support staff and ensure proper execution of contracts.
- Prepare financial reports, such as reviews of portfolio positions.
- Write or sign sales order confirmation forms to record or approve security transactions.
Skills Needed to be a Securities & Commodities Trader
These are the skills Securities and Commodities Traders say are the most useful in their careers:
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Mathematics: Using mathematics to solve problems.
Types of Securities & Commodities Trader Jobs
- Proprietary Trader
- Securities Lending Trader
- Bond Trader
- Fixed Income Director
- Forex Trader
What Kind of Securities & Commodities Trader Job Opportunities Are There?
In 2016, there was an estimated number of 375,700 jobs in the United States for Securities and Commodities Trader. New jobs are being produced at a rate of 6.2% which is above the national average. The Bureau of Labor Statistics predicts 23,200 new jobs for Securities and Commodities Trader by 2026. The BLS estimates 38,000 yearly job openings in this field.
The states with the most job growth for Securities & Commodities Trader are Arizona, Utah, and Iowa. Watch out if you plan on working in Massachusetts, New Jersey, or Maine. These states have the worst job growth for this type of profession.
Salary for a Securities & Commodities Trader
The average yearly salary of a Securities & Commodities Trader ranges between $34,360 and $208,000.
Securities and Commodities Traders who work in New York, South Dakota, or Connecticut, make the highest salaries.
Below is a list of the median annual salaries for Securities and Commodities Traders in different U.S. states.
|State||Annual Mean Salary|
|District of Columbia||$103,380|
Tools & Technologies Used by Securities and Commodities Traders
Below is a list of the types of tools and technologies that Securities and Commodities Traders may use on a daily basis:
- Microsoft Excel
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- The MathWorks MATLAB
- Microsoft Visual Basic
- Customer information control system CICS
- Bloomberg Professional
How do I Become a Securities & Commodities Trader?
What kind of Securities and Commodities Trader requirements are there?
How Long Does it Take to Become a Securities & Commodities Trader?
Where do Securities and Commodities Traders Work?
Securities and Commodities Traders work in the following industries:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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