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Summary 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.

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

Tasks

  • 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. Green Task Statement
  • 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. Green Task Statement
  • Inform other traders, managers, or customers of market conditions, including volume, price, competition, or dynamics.
  • Make bids or offers to buy or sell securities.

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Tools & Technology

Tools used in this occupation:

Desktop computers
Laser fax machine — Laser facsimile machines
Notebook computers — Laptop computers
Scanners — Computer data input scanners
Special purpose telephones — Multi-line telephone systems

Technology used in this occupation:

Electronic mail software — Microsoft Outlook
Financial analysis software — Bloomberg Professional; BondDesk Group Trader WorkStation; Triple Point Commodity XL; Web-based trading systems
Object or component oriented development software — C++; R *
Presentation software — Microsoft PowerPoint
Spreadsheet software — Microsoft Excel

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

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Credentials

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Interests

Interest code: EC

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.
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.

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Work Values

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.
Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
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.

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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 (2013) $34.92 hourly, $72,640 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)

Source: Bureau of Labor Statistics 2013 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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