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.
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.
- 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 & Technology
Tools used in this occupation:
- Desktop computers
- Laser fax machine — Laser facsimile machines
- Notebook computers — Laptop computers
- Personal 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.
Detailed Work Activities
- Negotiate prices or other sales terms.
- Develop professional relationships or networks.
- Maintain records of sales or other business transactions.
- Prepare sales or other contracts.
- Prepare financial documents, reports, or budgets.
- Review accuracy of sales or other transactions.
- Sell products or services.
- Reconcile records of sales or other financial transactions.
- Arrange delivery of goods or services.
- Analyze market conditions or trends.
- Supervise sales or support personnel.
- Identify investment opportunities or strategies.
- Monitor market conditions or trends.
- Share sales-related or market information with colleagues.
- Monitor sales activities.
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.
- 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.
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|
|Employment (2012)||355,000 employees|
|Projected growth (2012-2022)||Average (8% to 14%)|
|Projected job openings (2012-2022)||122,600|
|Top industries (2012)|
Source: Bureau of Labor Statistics 2014 wage data and 2012-2022 employment projections . "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.
Job Openings on the Web
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, 2014-15 Edition.