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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.

Sample of reported job titles: Broker, Corporate Bond Trader, Equity Trader, Fixed Income Director, Fixed Income Trading Vice President, Investment Trader, Option Trader, Options Trader, Securities Lending Trader, Trader

This title represents an occupation for which data collection is currently underway.

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Tasks  |  Tools & Technology  |  Detailed Work Activities  |  Credentials  |  Interests  |  Work Values  |  Wages & Employment  |  Job Openings  |  Additional Information

Tasks   Save Table (XLS/CSV)

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

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Tools & Technology   Save Table (XLS/CSV)

Tools used in this occupation:

  • Desktop computers See more occupations related to this tool.
  • Laser fax machine — Laser facsimile machines See more occupations related to this tool.
  • Notebook computers — Laptop computers See more occupations related to this tool.
  • Personal computers See more occupations related to this tool.
  • Photocopiers — Photocopying equipment See more occupations related to this tool.
  • Scanners — Computer data input scanners See more occupations related to this tool.
  • Special purpose telephones — Multi-line telephone systems See more occupations related to this tool.

Technology used in this occupation:

  • Analytical or scientific software — The MathWorks MATLAB See more occupations related to this technology.
  • Data base user interface and query software — Microsoft Access See more occupations related to this technology.
  • Development environment software — Microsoft Visual Basic See more occupations related to this technology.
  • Electronic mail software — Microsoft Outlook See more occupations related to this technology.
  • Financial analysis software — Bloomberg Professional; BondDesk Group Trader WorkStation; Triple Point Commodity XL; Web-based trading systems (see all 11 examples) See more occupations related to this technology.
  • Internet browser software — Web browser software See more occupations related to this technology.
  • Object or component oriented development software — C++; R * See more occupations related to this technology.
  • Office suite software — Microsoft Office software See more occupations related to this technology.
  • Presentation software — Microsoft PowerPoint See more occupations related to this technology.
  • Spreadsheet software — Microsoft Excel See more occupations related to this technology.

* Software developed by a government agency and/or distributed as freeware or shareware.

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Detailed Work Activities   Save Table (XLS/CSV)

  • Negotiate prices or other sales terms. See more occupations related to this activity.
  • Develop professional relationships or networks. See more occupations related to this activity.
  • Maintain records of sales or other business transactions. See more occupations related to this activity.
  • Prepare sales or other contracts. See more occupations related to this activity.
  • Prepare financial documents, reports, or budgets. See more occupations related to this activity.
  • Review accuracy of sales or other transactions. See more occupations related to this activity.
  • Sell products or services. See more occupations related to this activity.
  • Reconcile records of sales or other financial transactions. See more occupations related to this activity.
  • Arrange delivery of goods or services. See more occupations related to this activity.
  • Analyze market conditions or trends. See more occupations related to this activity.
  • Supervise sales or support personnel. See more occupations related to this activity.
  • Identify investment opportunities or strategies. See more occupations related to this activity.
  • Monitor market conditions or trends. See more occupations related to this activity.
  • Share sales-related or market information with colleagues. See more occupations related to this activity.
  • Monitor sales activities. See more occupations related to this activity.

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Credentials

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Interests   Save Table (XLS/CSV)


Occupational Interest
Interest
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.See more occupations related to this interest.
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.See more occupations related to this interest.
22 
Social — Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.See more occupations related to this interest.
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.See more occupations related to this interest.
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.See more occupations related to this interest.
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.See more occupations related to this interest.

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Work Values   Save Table (XLS/CSV)


Extent
Work Value
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.See more occupations related to this work value.
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.See more occupations related to this work value.
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.See more occupations related to this work value.
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.See more occupations related to this work value.
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.See more occupations related to this work value.
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.See more occupations related to this work value.

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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 (2014) $34.65 hourly, $72,070 annual
State wages Local Salary Info
 
Employment (2012) 355,000 employees
Projected growth (2012-2022) Average (8% to 14%) Average (8% to 14%)
Projected job openings (2012-2022) 122,600
State trends Employment Trends
 
Top industries (2012)
Finance and Insurance (90% employed in this sector)

Source: Bureau of Labor Statistics 2014 wage data external site and 2012-2022 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2012-2022). "Projected job openings" represent openings due to growth and replacement.

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Job Openings on the Web

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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.

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