Details Report for:
41-3031.03 - Securities and Commodities Traders
Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
This title represents an occupation for which data collection is currently underway.
- Agree on buying or selling prices at optimal levels for clients.
- Analyze target companies or investment opportunities to inform investment decisions.
- Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.
- Buy, sell, or trade carbon emissions permits.
- 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.
- Identify or pursue investment strategies related to the green economy, including green hedge funds, renewable energy markets, or clean technology investment opportunities.
- Inform other traders, managers, or customers of market conditions, including volume, price, competition, or dynamics.
- Make bids or offers to buy or sell securities.
- Make transportation arrangements for sold or purchased commodities.
- Monitor markets or positions.
- Prepare financial reports, such as reviews of portfolio positions.
- Process paperwork for special orders, including margin or option purchases.
- Receive sales order tickets and inspect forms to determine accuracy of information.
- Reconcile account-related statements, such as quarterly or annual statements or confirmations.
- Report all positions or trading results.
- Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
- Review securities transactions to ensure conformance to regulations.
- Supervise support staff and ensure proper execution of contracts.
- 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.
Tools used in this occupation:
|Facsimile machines — Fax machines|
|Notebook computers — Laptop computers|
|Photocopiers — Photocopying equipment|
|Scanners — Computer data input scanners|
|Special purpose telephones — Multi-line telephone systems|
Technology used in this occupation:
|Analytical or scientific software — The MathWorks MATLAB|
|Data base user interface and query software — Microsoft Access|
|Development environment software — Microsoft Visual Basic|
|Electronic mail software — Microsoft Outlook|
|Financial analysis software — Bloomberg Professional; BondDesk Group Trader WorkStation; Triple Point Commodity XL; Web-based trading systems (see all 11 examples)|
|Internet browser software — Web browser software|
|Object or component oriented development software — C++; R *|
|Office suite software — Microsoft Office software|
|Presentation software — Microsoft PowerPoint|
|Spreadsheet software — Microsoft Excel|
* Software developed by a government agency and/or distributed as freeware or shareware.
|95||Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.|
|61||Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.|
|22||Social — Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.|
|6||Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.|
|0||Artistic — Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.|
|0||Realistic — Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.|
|72||Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.|
|72||Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.|
|70||Working Conditions — Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.|
|67||Recognition — Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.|
|56||Relationships — Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.|
|56||Support — Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.|
Wages & Employment Trends
Median wages data collected from Securities, Commodities, and Financial Services Sales Agents.
Employment data collected from Securities, Commodities, and Financial Services Sales Agents.
Industry data collected from Securities, Commodities, and Financial Services Sales Agents.
|Median wages (2012)||$34.48 hourly, $71,720 annual|
|Employment (2010)||312,000 employees|
|Projected growth (2010-2020)||Average (10% to 19%)|
|Projected job openings (2010-2020)||133,700|
|Top industries (2010)||
Finance and Insurance (85% employed in this sector)
State & National
Source: Bureau of Labor Statistics 2012 wage data and 2010-2020 employment projections . "Projected growth" represents the estimated change in total employment over the projections period (2010-2020). "Projected job openings" represent openings due to growth and replacement.
Job Openings on the Web
for Securities and Commodities Traders
State & National Job Banks
Sources of Additional Information
Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.
- Securities, Commodities, and Financial Services Sales Agents . Bureau of Labor Statistics, U.S. Department of Labor. Occupational Outlook Handbook, 2012-13 Edition.