What Does A Securities and Commodities Trader Do (including Their Typical Day at Work)

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Salary, Job Description, How To Become One, and Quiz

Securities and Commodities Traders

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.

Salary
$96540
Becoming One
Hard
Education
Bachelor's degree
Job Satisfaction
Low
Job Growth

Personality





Find a job you love and you will never work a day in your life.Confucius

What they do

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.

  • Make bids or offers to buy or sell securities.
  • Monitor markets or positions.
  • Agree on buying or selling prices at optimal levels for clients.
  • Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.

Typical day

On a daily basis, Securities and Commodities Traders monitor markets or positions. They make bids or offers to buy or sell securities.

A typical day for a Securities and Commodities Trader will also include:

  • Agree on buying or selling prices at optimal levels for clients.
  • Buy or sell stocks, bonds, commodity futures, foreign currencies, or other securities on behalf of investment dealers.
  • Analyze target companies or investment opportunities to inform investment decisions.
  • Review securities transactions to ensure conformance to regulations.
  • Receive sales order tickets and inspect forms to determine the accuracy of information.

Other responsibilities

Besides their typical day, Securities and Commodities Traders also reconcile account-related statements, such as quarterly or annual statements or confirmations. They may also prepare financial reports, such as reviews of portfolio positions.

On a weekly to monthly basis, Securities and Commodities Traders devise trading, option, or hedge strategies. They might also make transportation arrangements for sold or purchased commodities.

In addition, they develop or maintain supplier or customer relationships.

Although specific duties may vary, many of them receive sales order tickets and inspect forms to determine the accuracy of information.

To some Securities and Commodities Traders, it is also their responsibility to report deficiencies in account payments, securities deliveries, or documentation requirements to avoid rule violations.

Freedom to make decisions

How much decision making freedom does this job offer?

No freedom
0%

Very little freedom
0%

Limited freedom
2%

Some freedom
9%

A lot of freedom
89%

Structured vs unstructured work

To what extent is this job structured for you versus allowing you to determine your own tasks, priorities, and goals?

No freedom
0%

Very little freedom
0%

Limited freedom
14%

Some freedom
22%

A lot of freedom
64%


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What is the job like

Job satisfaction

Low

Is this job meaningful

Low

63% said they were satisfied with their job and 42% said they found their job meaningful.


Deutsche Bank

I was a Cash Equity Sales Trader. The clients I served were mostly traders with institutions i.e. mutual funds, hedge funds, insurance companies, sovereign funds, etc, and helped them execute their trades in equity markets throughout Asia but primarily in Taiwan and Hong Kong. I used to work at CLSA, Sanford C Bernstein and Deutsche … Read More


My typical day can be either incredibly stressful or really relaxed depending on the movement in the crypto market. The day usually starts with waking up, making a coffee, and kicking back on my couch while catching up on crypto news. Most of the work consists of checking periodically for spikes and price fluctuations of … Read More


IG Markets

Having graduated from UCL in 2019 after studying Economics, I was able to land myself in a graduate role at IG Markets; the UK’s largest OTC Derivative provider. I am currently a Sales Trader at IG focusing primarily on the Futures and Equities Dealing Desks. A typical day in this industry will be very face … Read More


Pros

Suitable for people who like to start and carry out projects.

Suitable for people who value achievements and are results-oriented.

It is easy to get into this career. Some previous work-related skill, knowledge, or experience is required to get started.

One of the highest-paid careers in the world.

Cons

Not suitable for people who like to work with designs.

How much do they make

Average salary

$96540 per year

Average hourly wage

$46 per hour

Entry-level Securities and Commodities Traders with little to no experience can expect to make anywhere between $36,910 to $45,930 per year or $18 to $22 per hour.

Salary range Hourly Annual
Highest (Top 10%) $100+ $208,000+
Senior (Top 25%) $56 $116,020
Middle (Mid 50%) $31 $64,770
Junior (Bottom 25%) $22 $45,930
No experience (Bottom 10%) $18 $36,910

What is the work day like

Working hours

Less than 40 hours
1%

40 hours
19%

More than 40 hours
81%

Working schedule

91%

9%

0%

Work with group or team

How important is it to work with others in a group or team in this job?

Not important at all
1%

Fairly important
1%

Important
12%

Very important
29%

Extremely important
57%

Deal with external customers

How important is it to work with customers in this job?

Not important at all
0%

Fairly important
25%

Important
27%

Very important
17%

Extremely important
31%

Manage or lead others

How important is it to coordinate or lead others in completing work activities in this job?

Not important at all
23%

Fairly important
4%

Important
19%

Very important
38%

Extremely important
15%

Email

How often do you use email in this job?

Once a week
0%

Every day
100%

Telephone

How often do you have telephone conversations in this job?

Once a week
0%

Every day
100%

Group discussions

How often do you have group discussions in this job?

Once a week
0%

Every day
98%

Public speaking

How often does this job require you to do public speaking?

Never
5%

Once a year
55%

Once a month
12%

Once a week
16%

Every day
12%

Frequency of conflict situations

How often are there conflict situations in this job?

Never
0%

Once a year
11%

Once a month
35%

Once a week
51%

Every day
3%

Dealing with angry people

How often do you have to deal with angry, unpleasant, or discourteous individuals in this job?

Never
1%

Once a year
6%

Once a month
40%

Once a week
48%

Every day
6%

Dealing with physically aggressive people

How often do you have to deal with physically aggressive people in this job?

Never
96%

Once a year
2%

Once a month
1%

Once a week
0%

Every day
1%

Level of competition

How much competitive pressure is in this job?

Not competitive at all
0%

Slightly competitive
4%

Moderately competitive
6%

Highly competitive
37%

Extremely competitive
52%

Repetition in this job

How important is repeating the same type of task over and over in this job?

Not important at all
16%

Fairly important
30%

Important
2%

Very Important
20%

Extremely Important
32%

Impact of decisions on co-workers or company results

What results do your decisions usually have on other people or the reputation or financial resources of your employer?

No impact
0%

Minor impact
1%

Moderate impact
5%

Important impact
13%

Very important impact
81%

Frequency of decision making

How frequently do you have to make decisions that affect other people, the financial resources, and/or the reputation of the company?

Never
0%

Once a year
0%

Once a month
1%

Once a week
5%

Every day
94%

Responsibility for others’ health and safety

How much responsibility is there for the health and safety of others in this job?

No responsibility
49%

Limited responsibility
36%

Moderate responsibility
15%

High responsibility
0%

Very high responsibility
0%

Responsibility for outcomes and results

How much responsibility is there for the work outcomes and results of other workers?

No responsibility
5%

Limited responsibility
3%

Moderate responsibility
33%

High responsibility
49%

Very high responsibility
11%

What is the work environment like

Office-style environment

Indoors in an environmentally controlled condition

Never
15%

Once a year or more
0%

Once a month or more
0%

Once a week or more
1%

Every day
84%

Warehouse-style environment

Indoors in a non-controlled environmental condition such as a warehouse

Never
100%

Once a year or more
0%

Once a month or more
0%

Once a week or more
0%

Every day
0%

Outdoors

Outdoors exposed to all weather conditions

Never
100%

Once a year or more
0%

Once a month or more
0%

Once a week or more
0%

Every day
0%

Outdoors – Under Cover

Outdoors but under cover (e.g. structure with roof but no walls)

Never
100%

Once a year or more
0%

Once a month or more
0%

Once a week or more
0%

Every day
0%

How to become one

Difficulty to become one

Hard
You will need a considerable amount of work-related skill, knowledge, or experience. Careers in this difficulty category usually require a Bachelor’s degree and several years of work-related experience, on-the-job training, and/or vocational training. Similar careers include Database Administrators, Chemists, Art Directors, and Accountants.

Required level of education

What level of education do you need to perform the job?

Less than a High School Diploma
0%

High School Diploma or equivalent
12%

Post-Secondary Certificate
12%

Some College Courses
2%

Associate’s Degree or similar
12%

Bachelor’s Degree
55%

Post-Baccalaureate Certificate
1%

Master’s Degree
6%

Post-Master’s Certificate
0%

First Professional Degree
0%

Doctoral Degree
0%

Post-Doctoral Training
0%

Relevant work experience

How much related work experience do you need to get hired for the job?

None
1%

1 month
12%

1 to 3 months
0%

3 to 6 months
0%

6 months to 1 year
7%

1 to 2 years
30%

2 to 4 years
31%

4 to 6 years
2%

6 to 8 years
2%

8 to 10 years
0%

Over 10 years
14%

On The Job Training

How much on the job training do you need to perform the job?

None or short demonstration
0%

1 month
27%

1 to 3 months
24%

3 to 6 months
34%

6 months to 1 year
1%

1 to 2 years
12%

2 to 4 years
1%

4 to 10 years
1%

Over 10 years
0%

Should you become one

Best personality for this career
The Entrepreneur

People with this personality likes to start and work on projects. They also like leading people and making many decisions.

14%

19%

14%

33%

95%

67%

You can read more about these career personality types here.

People who are suitable for this job tend to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk-taking and often deal with business.

They also like following set procedures and routines. They like working with data and details more than with ideas.

Take this quiz to see if this is the right career for you.

FAQ


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