Australian Bureau of Statistics

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UNIT GROUP 2222 FINANCIAL DEALERS

FINANCIAL DEALERS conduct financial market transactions on behalf of clients.

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:

• obtaining information on securities, market conditions, government regulations and financial circumstances of clients
• interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
• analysing financial markets and financial market products
• providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
• executing buy and sell orders in the market place on behalf of clients
• relaying trade information to clients such as the number of contracts bought and sold and the price
• monitoring futures prices and market changes, and bidding for commodity futures contracts
• recording and transmitting buy and sell orders
• calculating and recording costs of transactions

Occupations:
222211 Financial Market Dealer
222212 Futures Trader
222213 Stockbroking Dealer
222299 Financial Dealers nec

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 Dealer
Fixed Interest Dealer
Foreign Exchange Dealer
Securities Dealer

Buys and sells commodity futures on behalf of clients. Registration or licensing is required.

Skill Level: 1

Alternative Titles:
Sharebroker
Stockbroker

Buys and sells stocks and bonds on behalf of clients. Registration or licensing is required.

Skill Level: 1

Specialisation:

Trading Floor Operator (Stock Exchange)

This occupation group covers Financial Dealers not elsewhere classified. Registration or licensing may be required.

Skill Level: 1

Occupations in this group include:

Equities Analyst
Investment Dealer