Oil broker vs oil trader career
A floor broker is different than a "floor trader" he or she also works on the floor of the exchange, makes trades as a principal for his or her own account. Ever since the s, the majority of commodity contracts traded are financial derivatives oil broker vs oil trader career financial underlying assets such as stock indexes and currencies. Sales is the customer-facing aspect of commodities.
Find out what's changing. When trading on behalf of his own account, or for the account of his employer, he is acting in the role of a trader. Find out what's changing Back to current search.
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While a financial qualification is beneficial, and sometimes necessary, commodities sales is more about building and maintaining working relationships, so it is vital to be a good communicator, with a combination of strong verbal and written skills. Structuring is, perhaps, the most challenging area of commodities to get into, particularly as a new oil broker vs oil trader career. Sales is the customer-facing aspect of commodities.
It includes building relationships with clients who might be looking to buy or sell commodities, and acting as a middleman between the customer and the trading colleague at the bank to complete the deal. However, while it oil broker vs oil trader career uncommon for banks to hire juniors within structuring, it's not unheard of providing the individual has a strong mathematical background. Find out what's changing Back to current search. A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf of clients and charges them a commission.