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Commodity trader vs floor trader

The differences between commodity traders and floor traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a floor trader has an average salary of $102,024, which is higher than the $93,220 average annual salary of a commodity trader.

The top three skills for a commodity trader include commodities, commodity trading and logistics. The most important skills for a floor trader are futures markets, CME, and equity options.

Commodity trader vs floor trader overview

Commodity TraderFloor Trader
Yearly salary$93,220$102,024
Hourly rate$44.82$49.05
Growth rate10%10%
Number of jobs10,90633,369
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 81%
Average age4343
Years of experience--

Commodity trader vs floor trader salary

Commodity traders and floor traders have different pay scales, as shown below.

Commodity TraderFloor Trader
Average salary$93,220$102,024
Salary rangeBetween $55,000 And $156,000Between $59,000 And $174,000
Highest paying CityStamford, CT-
Highest paying stateNew Hampshire-
Best paying companyThe Citadel-
Best paying industryFinance-

Differences between commodity trader and floor trader education

There are a few differences between a commodity trader and a floor trader in terms of educational background:

Commodity TraderFloor Trader
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 81%
Most common majorFinanceFinance
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commodity trader vs floor trader demographics

Here are the differences between commodity traders' and floor traders' demographics:

Commodity TraderFloor Trader
Average age4343
Gender ratioMale, 87.3% Female, 12.7%Male, 94.8% Female, 5.2%
Race ratioBlack or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2%Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.2% White, 67.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between commodity trader and floor trader duties and responsibilities

Commodity trader example responsibilities.

  • Trade, build, manage, and modele interest rate derivative positions via exchange floor
  • Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
  • Manage procurement and sales of bulk grains and agricultural commodities for redistribution into local dairy operations in Idaho.
  • Trade a variety of investment vehicles including commodity futures, FOREX and equities.
  • Develop automated and discretionary trading systems for currency, commodity futures, and equities markets.
  • Assist in audits from FINRA at corporate and branch levels.
  • Show more

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.

Commodity trader vs floor trader skills

Common commodity trader skills
  • Commodities, 14%
  • Commodity Trading, 11%
  • Logistics, 11%
  • Market Trends, 9%
  • Derivative, 6%
  • Financial Markets, 5%
Common floor trader skills
  • Futures Markets, 31%
  • CME, 7%
  • Equity Options, 7%
  • NYSE, 6%
  • Futures Contracts, 6%
  • Manage Risk, 5%