Commodity broker vs floor trader

Differences between commodity broker and floor trader duties and responsibilities

Commodity broker example responsibilities.

• Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
• Trade on the NYFE, CME, and CBOT exchanges.
• Provide research and analysis of prospective exchange trade funds for listing on the AMEX.
• Support the firm's compliance director with records verification pertaining to audits, inquiries, and questions concerning NYSE floor operations.
• Reorganize the UBS NYSE floor structure utilizing state-of-the-art technology and consolidating booth spaces.
• Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
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Floor trader example responsibilities.

• Manage business, sales, marketing, international negotiation and communication for a commodities business.
• Lead arbitrage trader with the highest return on investment.
• Demonstrate outstanding performance and become recognized as one of the top producing firms on the NYSE.
• Facilitate trades, generate commission dollars, and reduce risk for clients by reflecting liquidity on the NYSE to senior traders.
• Automate the trade allocation and reconciliation procedures using VBA programming which is leveraged to systematically detect any trade breaks or discrepancies.
• Integrate into an existing trading pit on the CBOE, illustrating success in new, challenging work environments.