Jobs für Commodities Broker

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Funnily enough, commodity brokers deal in physical commodities. Essentially, these expert traders broker commodity contracts on behalf of companies. Typically working for investment banks, clearing houses and broking companies, they trade financial derivatives based on commodities such as oil, gas, metals and food products.

On a day-to-day basis, commodity brokers are responsible for surveying international markets, conducting research and keeping up-to-date with the latest financial news. They then get stuck into trading commodities for their clients. Commodity brokers also provide expert advice to their clients, as well as implementing hedging strategies for them.

Furthermore, commodity brokers spend a large part of their time visiting suppliers, meeting with clients, and overseeing logistics arrangements for them. Finally, they are also responsible for building relationships with potential clients and developing new business opportunities.

Brokers are also usually given sizeable bonuses and commission payments based on performance. Aspiring commodity brokers should be ready for a career with lots of stress and pressure. Expect early starts and late finishes.

Different markets operate at different times, and this will therefore have an impact on your specific working hours. Investment banks, commodity broking companies and clearing houses only tend to recruit the very best graduates. Candidates commodity futures option brokers jobs a degree in any subject can enter this line of work.

If you study a relevant subject, such as commodity futures option brokers jobs studies, economics, maths, statistics, operational research or accounting, you may stand a better chance of securing an entry-level position.

Completing an internship or work experience placement with an investment bank or clearing house is a great idea, and pretty much essential for entry into this competitive area of work. Many commodity brokers start commodity futures option brokers jobs careers as part of a graduate scheme.

These training programmes tend to last around two years. If you are accepted onto a graduate scheme, the majority of your training will be done whilst on the job under the supervision of senior brokers. Commodity futures option brokers jobs will also have the opportunity to attend in-house training sessions from time to time.

Commodity brokers must be registered with the Financial Services Authority before they can start trading, which means passing a number of exams. As you gain more experience and move up the career ladder, you will become an associate and then a senior associate.

Some people eventually move into director-level roles. The international nature of trading means that you may also get the opportunity to work abroad at some point in your career. What about all the good times we shared? Ok, before you go, just tell us one thing….

Cancel account I've changed my mind. Working hours Aspiring commodity brokers should be ready for a career with lots of stress and pressure. You may also be required to travel internationally from time to time. Entry Investment banks, commodity broking companies and clearing houses only tend to recruit the very best graduates.

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A complex and challenging sector to get into initially, the rewards for those who stick it out can be huge. 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. Sales is about discovering what a client wants, and making it happen through the trader.

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. Trading is where the deals are done. Trades originate from the sales team , and the traders use their knowledge of the market to buy and sell at the right times to make profits for the bank.

Commodities traders need both a generic knowledge of financial products, because much of the trading involves derivatives such as futures, as well as an in depth knowledge of the specific commodity they're working with. This is why you'll find jobs listed on efinancialcareers. Structuring is, perhaps, the most challenging area of commodities to get into, particularly as a new starter.

However, while it is uncommon for banks to hire juniors within structuring, it's not unheard of providing the individual has a strong mathematical background. The role of structurers is to create bespoke solutions that enable the client to manage the price at which they sell commodities they produce, or buy the commodities they need, so that some of the uncertainties they face are removed.

An example would be structuring a product that enabled an oil producer to know in advance how much revenue would be generated from the sale of oil for the next few weeks, months or even years.

Whether or not now is a good time to jump onto the commodities bandwagon is something that's up for debate. You may have heard that many major international banks, including Deutsche Bank and JPMorgan, have sold off parts of their commodities units due to regulatory pressures and a significant reduction in profits - a drop of around 9 billion USD in the past 5 years according to Bloomberg.

This has led to job cuts within the sector. However, it's also deterring some potential job seekers from heading down this route, resulting in fewer applicants per vacancy, and increasing the chances of finding employment within this branch of banking. In the United States, commodities brokers are required to take the National Commodities Futures Exam - more commonly called the Series 3 exam - in order to work in commodities professionally.

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