Futures Trader

ANZSCO 222212

Description
Buys and sells securities within financial markets, and trades and distributes financial securities on behalf of financial institutions. Registration or licensing is required.

 

Skill Level
1

 

Occupation Lists

This occupation is on the following skills lists:

 

• Consolidated Sponsored Occupations List
• RSMS Occupations List

 

This occupation is not on the following skills lists:

 

• Skilled Occupations List
• Labour Market Testing Required for 457 List

 

DIBP Endorsed Correlations to ASCO Occupations
3212-13 Futures Trader

 

Group: 2222 Financial Dealers

 

Description
conduct financial market transactions on behalf of clients.

 

Tasks

• obtaining information on securities, market conditions, government regulations and financial circumstances of clients
• interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
• analysing financial markets and financial market products
• providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
• executing buy and sell orders in the market place on behalf of clients
• relaying trade information to clients such as the number of contracts bought and sold and the price
• monitoring futures prices and market changes, and bidding for commodity futures contracts
• recording and transmitting buy and sell orders
• calculating and recording costs of transactions

 

Skill Level
Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).

Occupations in this Group

• 222111 Commodities Trader
• 222112 Finance Broker
• 222113 Insurance Broker
• 222199 Financial Brokers nec

 

Sources: www.abs.gov.au and DIBP