Options trader jobs
Working in trading, you'll be a part of a busy, bustling, fast-paced environment where the risks are high but the payoffs are higher. The types of trading jobs depicted in the media are often sales trading roles, where finance experts work with clients to trade stocks, shares, commodities, or equities, but the trading sector is much more varied than that. Trading also involves execution trading, where you'll simply execute the orders passed to you by others and have nothing to do with deciding whether or not the trade is sensible.
Flow traders do the trades on behalf of the bank's clients whilst prop traders trade the bank's own money - a high risk position that's highly sought after. There has been concern in recent years that the increase in electronic trading will have a significant effect on job opportunities.
While this is true to an extent there are smaller numbers of sales traders within the industry today than there were 10 years ago the use of technology has opened up doors to a number of alternative roles within the trading sector. Avenues that are opening up within trading include quantitative analysis, which involves creating algorithms which tell a computer when to buy or sell, and IT roles which oversee the running and maintenance of electronic trade equipment.
These dynamic front-office professionals liaise with investment analysts, and use their own analytical skills and financial knowledge to survey the financial markets and make predictions.
They then have to make prompt decisions about when to buy preferably when the price is low and when to sell preferably when the price is high securities and other financial products.
The ultimate aim is to make as much money as possible for their client, whilst reducing financial risk. A proprietary trader buys and sells financial products on behalf of the bank that employs them. A sales trader acts as a mediator between the client and the people who are responsible for actually executing the trades.
Rather than directly making risky decisions like flow and proprietary traders, sales traders take orders from their clients and communicate them to the traders who are working on the front line. Finally, they also have to complete routine administrative duties to keep track of deals made, assets acquired and money lost.
Traders are also usually paid sizeable bonuses based on performance. Financial traders tend to start at around 6. Some days you may finish at 5. Different markets, however, operate at different times and this will, therefore, have an impact on your working hours. Here at eFinancialCareers we bring you a range of trading jobs across the industry. Flow traders are responsible for trading the financial assets of their clients while prop traders buy and sell using the money of the bank itself.
Execution only traders are solely responsible for placing the trades that are generated by clients. Whereas sales traders combine the role of the execution trader with advising the clients when to buy and sell, to offer a hybrid service.
The mathematical skills of quantitative analysts are now in high demand within electronic markets to generate the algorithms that make electronic trading so effective. A successful quantitative analyst will be able identify strategies and opportunities to provide a greater opportunity for success in the market, offering their own institution a leading edge over their competitors. Electronic trading consultants are tasked with improving the customer satisfaction of e-trading clients.
Report analysis enables the consultant to identify where clients can improve their electronic trading performance and offer them the tools that will enhance their experience.
It is the responsibility of the sales trader to understand the needs of their client and recommend the trades that are most likely to meet these objectives.