222211 FINANCIAL MARKET DEALER
Alternative Title: Money Market Dealer
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
Specialisations:
Derivatives Trader
Fixed Interest Dealer
Foreign Exchange Dealer
Securities Dealer
Indicative Skill Level:
In Australia and New Zealand:
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).
Registration or licensing may be required.
Tasks Include:
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Obtaining information on securities, market conditions, government regulations and financial circumstances of clients
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Interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
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Analysing financial markets and financial market products
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Providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
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Executing buy and sell orders in the market place on behalf of clients
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Relaying trade information to clients such as the number of contracts bought and sold and the price
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Monitoring futures prices and market changes, and bidding for commodity futures contracts
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Recording and transmitting buy and sell orders
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Calculating and recording costs of transactions