What is a Securities and Commodities Trader?
Securities & Commodities Trader Job Description Buy and sell securities and commodities to transfer debt, capital, or risk. Establish and negotiate unit prices and terms of sale.
Securities & Commodities Trader Responsibilities
- Receive sales order tickets and inspect forms to determine accuracy of information.
- Devise trading, option, or hedge strategies.
- Report all positions or trading results.
- Inform other traders, managers, or customers of market conditions, including volume, price, competition, or dynamics.
- Report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.
- Review securities transactions to ensure conformance to regulations.
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What a Securities & Commodities Trader Should Know
Securities and Commodities Traders state the following job skills are important in their day-to-day work.
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.
Other Securities & Commodities Trader Job Titles
- Proprietary Trader
- Flow Trader
- Commodities Trader
- Securities Trader
- Broker
Job Outlook for Securities and Commodities Traders
In the United States, there were 375,700 jobs for Securities and Commodities Trader in 2016. 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. There will be an estimated 38,000 positions for Securities & Commodities Trader per year.
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.
Do Securities and Commodities Traders Make A Lot Of Money?
The typical yearly salary for Securities and Commodities Traders is somewhere 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 |
|---|---|
| Alabama | $82,810 |
| Alaska | $101,290 |
| Arizona | $72,750 |
| Arkansas | $74,490 |
| California | $81,610 |
| Colorado | $76,160 |
| Connecticut | $122,890 |
| Delaware | $87,390 |
| District of Columbia | $103,380 |
| Florida | $82,810 |
| Georgia | $77,000 |
| Hawaii | $85,660 |
| Idaho | $62,690 |
| Illinois | $91,640 |
| Indiana | $92,400 |
| Iowa | $75,380 |
| Kansas | $107,500 |
| Kentucky | $85,420 |
| Louisiana | $89,550 |
| Maine | $81,670 |
| Maryland | $97,570 |
| Massachusetts | $118,310 |
| Michigan | $79,320 |
| Minnesota | $104,570 |
| Mississippi | $78,220 |
| Missouri | $80,280 |
| Montana | $89,270 |
| Nebraska | $86,920 |
| Nevada | $70,480 |
| New Hampshire | $98,030 |
| New Jersey | $98,850 |
| New Mexico | $56,380 |
| New York | $161,580 |
| North Carolina | $88,810 |
| North Dakota | $100,060 |
| Ohio | $77,960 |
| Oklahoma | $78,220 |
| Oregon | $66,120 |
| Pennsylvania | $86,970 |
| Rhode Island | $100,390 |
| South Carolina | $75,120 |
| South Dakota | $113,460 |
| Tennessee | $75,610 |
| Texas | $85,720 |
| Utah | $71,460 |
| Vermont | $105,770 |
| Virginia | $90,410 |
| Washington | $79,930 |
| West Virginia | $83,930 |
| Wisconsin | $77,780 |
| Wyoming | $70,030 |
What Tools do Securities and Commodities Traders Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Securities and Commodities Traders:
- Microsoft Excel
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- The MathWorks MATLAB
- Linux
- Microsoft Visual Basic
- UNIX
- R
- Customer information control system CICS
- Bloomberg Professional
- C++
How do I Become a Securities & Commodities Trader?
Individuals working as a Securities and Commodities Trader have obtained the following education levels:
How Long Does it Take to Become a Securities & Commodities Trader?
Where Securities and Commodities Traders Are Employed
The table below shows some of the most common industries where those employed in this career field work.
References:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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