Futures Traders buy and sell commodity futures on behalf of clients.
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.
Vocational Education and Training (VET)
Informal or on-the-job
JSA produces employment projections to show where likely future job opportunities may be. Employment projections data are only produced for occupations at the broad four digit Australian and New Zealand Standard Classification of Occupations (ANZSCO) level. While data are not available for this occupation, projections data are available for the parent occupation, Financial Dealers, under the outlook section.
Earnings and hours
Around 91% of people employed as Futures Traders work full-time hours, in all their jobs combined. This is 25 percentage points above the all jobs average (66%).
Full-time workers work an average of 49 hours per week in their main job. This is 5 hours more than the all jobs average (44 hours per week).
Sources:Full-time share and full-time hours: ABS, 2016 Census, customised report. Compared to the all jobs average.
Most Futures Traders work in the Financial and insurance services industry.
Source: Based on ABS Census 2016, Customised Report.
Employment across Australia
Employment by State and Territory (% Share)
|State||Futures Traders||All Jobs Average|
Around 90% of Futures Traders live in capital cities, compared with the all jobs average of 62%.
New South Wales has a large share of employment relative to its population size.
Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian states, territories and regions, in this job compared to the all jobs average.
Age and gender
The median age of Futures Traders is 44 years. This is higher than the all jobs average of 40 years.
A large share of workers are aged 45 to 54 years.
Females make up 10% of the workforce. This is 38 percentage points below the all jobs average of 48%.
Source: Based on ABS Census 2016, Customised Report. Age profile and gender share compared to the all jobs average.
Age Profile (% Share)
|Age Bracket||Futures Traders||All Jobs Average|
|65 and Over||3.6||4.2|
Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
Education, training and experience
A university degree in commerce, finance, accounting, economics or actuarial science is usually needed to work as a Futures Trader. Some workers have a Vocational Education and Training (VET) qualification.
Registration or licencing may be required.
- Course Seeker to search and compare higher education courses.
- ComparED to compare undergraduate and postgraduate student experiences and outcomes.
- My Skills to compare Vocational Education and Training (VET) courses, providers and student outcomes.
- AAPathways website to explore Financial Services VET training pathways.
Highest Level of Education (% Share)
|Type of Qualification||Futures Traders||All Jobs Average|
|Post Graduate/Graduate Diploma or Graduate Certificate||14.6||10.1|
|Year 10 and below||4.2||12.5|
Source: 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.
Skills and Knowledge
Employers look for Financial Dealers who provide good customer service and who have strong interpersonal skills.
Skills can be improved through training or experience.
Thinking about the pros and cons of different ways to solve a problem.
Reading work related information.
Using maths to solve problems.
Keeping track of how well work is progressing so you can make changes or improvements.
Listening to others, not interrupting, and asking good questions.
Talking to others.
55%Judgment and decision making
Figuring out the pros and cons of different options and choosing the best one.
Bringing people together and trying to sort out their differences.
Writing things for co-workers or customers.
Talking people into changing their minds or their behaviour.
Understanding why people react the way they do.
Being able to use what you have learnt to solve problems now and again in the future.
48%Complex problem solving
Noticing a problem and figuring out the best way to solve it.
Figuring out how a system should work and how changes in conditions, operations, and the environment will affect it.
45%Coordination with others
Being adaptable and coordinating work with other people.
Looking for ways to help people.
Measuring how well a system is working and how to improve it.
Managing your own and other peoples' time to get work done.
Teaching people how to do something.
36%Management of personnel resources
Motivating, developing, and directing people as they work, and choosing the best people for the job.
These are important topics, subjects or knowledge areas.
64%Economics and accounting
Economics and accounting, the financial markets, banking and checking and reporting of financial data.
61%Customer and personal service
Understanding customer needs, providing good quality service, and measuring customer satisfaction.
Arithmetic, algebra, geometry, calculus, or statistics.
59%Sales and marketing
Showing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.
58%Computers and electronics
Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
English language including the meaning and spelling of words, rules of composition, and grammar.
Word processing, managing files and records, stenography and transcription, designing forms, and other office work.
44%Administration and management
Business principles involved in strategic planning, leadership, and coordinating people and resources.
38%Law and government
How our laws and courts work. Government rules and regulations, and the political system.
35%Communications and media
Media production, communication, and dissemination. Includes written, spoken, and visual media.
26%Personnel and human resources
Recruiting and training people, managing pay and other entitlements (like sick leave), and negotiating pay and conditions.
25%Education and training
Curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Transmission, broadcasting, switching, control, and operation of telecommunications systems.
Human behaviour; differences in ability, personality, and interests; learning and motivation; research methods; assessing and treating disorders.
20%Engineering and technology
Use engineering, science and technology to design and produce goods and services.
Describing land, sea, and air, including their physical characteristics, locations, how they work together, and the location of plant, animal, and human life.
15%Production and processing
Raw materials, production processes, quality control, costs, and ways of making and distributing goods.
14%History and archeology
Events of the past, their causes, how we learn about them, and how they influence the way we live today.
Moving people or goods by air, rail, sea, or road.
8%Public safety and security
Use of equipment, rules and ideas to protect people, data, property, and institutions.
Workers use these physical and mental abilities..
Use general rules to find answers or solve problems logically.
Listen to and understand what people say.
Communicate by speaking.
Read and understand written information.
Use lots of detailed information to come up with answers or make general rules.
59%Working with numbers
Add, subtract, multiply, or divide.
Identify and understand the speech of another person.
See details that are up-close (within a few feet).
Write in a way that people can understand.
Come up with different ways of grouping things.
Choose the right maths method or formula to solve a problem.
Notice when something is wrong or is likely to go wrong, even if you can't solve the problem.
48%Sorting or ordering
Order or arrange things in a pattern or sequence (e.g., numbers, letters, words, pictures, mathematical operations).
Come up with a number of ideas about a topic, even if the ideas aren't very good.
Speak clearly so others can understand you.
45%Flexibility of closure
See a pattern (a figure, object, word, or sound) hidden in other distracting material.
Pay attention to something without being distracted.
Come up with unusual or clever ideas, or creative ways to solve a problem.
Use your eyes to quickly compare groups of letters, numbers, pictures, or other things.
37%Speed of recognition
Quickly make sense of and organize things you can see like letters, numbers, pictures, or other things.
These are kinds of activities workers regularly do in this job.
71%Keeping your knowledge up-to-date
Keeping up-to-date with technology and new ideas.
71%Building good relationships
Building good working relationships and keeping them over time.
70%Collecting and organising information
Compiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.
68%Working with computers
Using computers to program, write software, set up functions, enter data, or process information.
62%Researching and investigating
Looking for, getting and understanding different kinds of information.
62%Looking for changes over time
Comparing objects, actions, or events. Looking for differences between them or changes over time.
62%Making decisions and solving problems
Using information to work out the best solution and solve problems.
61%Making sense of information and ideas
Looking at, working with, and understanding data or information.
61%Communicating within a team
Giving information to co-workers by telephone, in writing, or in person.
59%Checking compliance with standards
Deciding whether events or processes comply with laws, regulations, or standards.
58%Planning and prioritising work
Deciding on goals and putting together a detailed plan to get the work done.
56%Explaining things to people
Helping people to understand and use information.
54%Monitoring people, processes and things
Checking objects, actions, or events, and keeping an eye out for problems.
53%Communicating with the public
Giving information to the public, business or government by telephone, in writing, or in person.
52%Documenting or recording information
Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Convincing people to buy something or to change their minds or actions.
50%Giving expert advice
Providing guidance and expert advice to management or other groups.
49%Assessing and evaluating things
Working out the value, importance, or quality of things, services or people.
Using your own ideas for developing, designing, or creating something new.
44%Estimating amounts, costs and resources
Working out sizes, distances, amounts, time, costs, resources, or materials needed for a task.
Interests and demands
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.
Interests are the style or type of work we prefer to do. All interest areas are shown below.
Starting up and carrying out projects. Leading people and making many decisions. Sometimes require risk taking and often deal with business.
Following set procedures and routines. Working with numbers and details more than with ideas, usually following rules.
Working with people. Helping or providing service to others.
Ideas and thinking. Searching for facts and figuring out problems in your head.
Working with forms, designs and patterns. Often need self-expression and can be done without following rules.
Practical, hands-on work. Often with plants and animals, or materials like wood, tools, and machinery.
Results oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
Work alone and make decisions. Workers are able to try out their own ideas, make decisions on their own, and work with little or no supervision.
Job security and good working conditions. There is usually a steady flow of interesting work, and the pay and conditions are generally good.
Advancement and the potential to lead. Workers are recognised for the work that they do, they may give directions and instructions to others, and they are looked up to in their company and their community.
Serve and work with others. Workers usually get along well with each other, do things to help other people, and are rarely pressured to do things that go against their sense of right and wrong.
Supportive management that stands behind employees. Workers are treated fairly by their company, they are supported by management, and have supervisors who train them well.
Use electronic mail.
Talk on the telephone.
100%Spend time sitting
Spend time sitting at work.
Talk with people face-to-face.
99%Frequent decision making
Frequently make decisions that impact other people.
98%Freedom to make decisions
Have freedom to make decision on your own.
97%Contact with people
Have contact with people by telephone, face-to-face, or any other way.
95%Being exact or accurate
Be very exact or highly accurate.
95%Impact of decisions
Make decisions that have a large impact on other people.
Have freedom to decide on tasks, priorities, and goals.
Work to strict deadlines.
88%Indoors, heat controlled
Work indoors with access to heating or cooling.
Work with people in a group or team.
Compete with others, or be aware of competitive pressures.
82%Consequence of error
Work where mistakes have serious consequences.
73%Physically close to people
Work physically close to other people.
71%Responsible for outcomes
Take responsibility for the results of other people's work.
71%Contact with the public
Work with customers or the public.
70%Angry or unpleasant people
Deal with unpleasant, angry, or rude people.
Deal with conflict or disagreements.
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.
Links and downloads
Research and reports
The Skills Priority List provides a current labour market rating and a future demand rating for nearly 800 occupations nationally. Current labour market ratings are available for occupations at a state and territory level.
Occupation profiles data are available for download.
The Employment Projections are available for download.