Futures Traders buy and sell commodity futures on behalf of clients.

    You usually need a formal qualification in commerce, finance, accounting, economics or actuarial science to work as a Futures Trader. Futures Traders often have university qualifications.

    Tasks

    • Obtains information on securities, market conditions, government regulations and financial circumstances of clients.
    • Interprets data from securities reports, financial periodicals and stock-quotation viewer screens.
    • Analyses financial markets and financial market products.
    • Provides information and offers advice on financial market matters and market conditions, as well as the history and prospects of corporations.
    • Executes buy and sell orders in the market place on behalf of clients.
    • Relays trade information to clients such as the number of contracts bought and sold and the price.
    • Monitors futures prices and market changes, and bidding for commodity futures contracts.
    • Records and transmits buy and sell orders.

    All Financial Dealers

    • $2,298 Weekly Pay
    • Stable Future Growth
    • Lower unemployment Unemployment

    Futures Traders

    • 160 workers Employment Size
    • Very high skill Skill level rating
    • 91% Full-Time Full-Time Share
    • 49 hours Average full-time
    • 44 years Average age
    • 10% female Gender Share

    The number of people working as Futures Traders (in their main job) fell over 5 years:
    from 280 in 2011 to 160 in 2016.

    • Size: This is a very small occupation.
    • Location: Many Futures Traders work in New South Wales.
    • Industries: Most work in the Financial and Insurance Services industry.
    • Full-time: Most work full-time (91%, much higher than the average of 66%).
    • Hours: Full-time workers spend around 49 hours per week at work (compared to the average of 44 hours).
    • Age: The average age is 44 years (compared to the average of 40 years).
    • Gender: 10% of workers are female (compared to the average of 48%).

    Employment Outlook

    Number of Workers

    No data is available for the selected graph for this Occupation.

    Weekly Earnings

    Weekly Earnings (Before Tax)

    No data is available for the selected graph for this Occupation.

    Main Industries

    Main Employing Industries (% Share)

    Source: Based on ABS Census 2016, Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
    Main Employing IndustriesIndustry (% share)
    Financial and Insurance Services90.8
    Administrative and Support Services4.2
    Professional, Scientific and Technical Services2.8
    Retail Trade2.1
    Other Industries0.1

    States and Territories

    • NSW

    • VIC

    • QLD

    • SA

    • TAS

    • NT

    • ACT

    Employment by State and Territory (% Share)

    Source: Based on Based on ABS Census 2016, Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
    StateFutures TradersAll Jobs Average
    NSW77.831.6
    VIC15.025.6
    QLD5.220.0
    SA0.07.0
    WA2.010.8
    TAS0.02.0
    NT0.01.0
    ACT0.01.9

    Age Profile

    Age Profile (% Share)

    Source: Based on Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
    Age BracketFutures TradersAll Jobs AverageAll Jobs Average
    15-190.0-5.05.0
    20-246.0-9.39.3
    25-3422.0-22.922.9
    35-4428.0-22.022.0
    45-5431.5-21.621.6
    55-597.1-9.09.0
    60-641.8-6.06.0
    65 and Over3.6-4.24.2

    Education Level

    Highest Level of Education (% Share)

    Source: ABS, ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
    Type of QualificationFutures TradersAll Jobs AverageAll Jobs Average
    Post Graduate/Graduate Diploma or Graduate Certificate14.6-10.110.1
    Bachelor degree43.1-21.821.8
    Advanced Diploma/Diploma8.3-11.611.6
    Certificate III/IV4.2-21.121.1
    Year 1223.6-18.118.1
    Year 112.1-4.84.8
    Year 10 and below4.2-12.512.5

    You usually need a formal qualification in commerce, finance, accounting, economics or actuarial science to work as a Futures Trader. Futures Traders often have university qualifications.

    You must also be registered with the Australian Securities Exchange.

    Thinking about study or training?

    Before starting a course, check it will provide you with the skills and qualifications you need.

    • Search and compare thousands of higher education courses, and their entry requirements from different institutions across Australia at Course Seeker website.
    • Compare undergraduate and postgraduate student experiences and outcomes on the QILT website.
    • Compare Vocational Education and Training (VET) courses, providers and student outcomes on the My Skills website.
    • You might be interested in Financial Services VET training pathways on the AAPathways website.

    Or check out related courses on Job Outlook.

    Useful links and resources


    The course listings on this page are provided by Good Education Group.

    Employers look for Financial Dealers who provide good customer service and who have strong interpersonal skills.

    Filter Skills & Knowledge

    Knowledge

    These are important topics, subjects or knowledge areas.

    1. Economics and Accounting

      64% Skill level

      Economics and accounting, the financial markets, banking and checking and reporting of financial data.

    2. Customer and Personal Service

      61% Skill level

      Understanding customer needs, providing good quality service, and measuring customer satisfaction.

    3. Mathematics

      61% Skill level

      Arithmetic, algebra, geometry, calculus, or statistics.

    4. Sales and Marketing

      59% Skill level

      Showing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.

    5. Computers and Electronics

      58% Skill level

      Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 41-3031.03 - Securities and Commodities Traders.

    Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.

    Filter Work Environment

    Demands

    The physical and social demands workers face most often are shown below.

    1. Electronic Mail

      100% Important

      How often do you use electronic mail?

    2. Telephone

      100% Important

      How often do you talk on the telephone?

    3. Spend Time Sitting

      100% Important

      How much time do you spend sitting?

    4. Face-to-Face Discussions

      99% Important

      How often do you talk with people face-to-face?

    5. Frequency of Decision Making

      99% Important

      How often do you make decisions that affect other people?

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 41-3031.03 - Securities and Commodities Traders.

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