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Energy derivatives trader vs floor trader

The differences between energy derivatives traders and floor traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, an energy derivatives trader has an average salary of $117,470, which is higher than the $102,024 average annual salary of a floor trader.

The top three skills for an energy derivatives trader include derivative, futures contracts and interest rates. The most important skills for a floor trader are futures markets, CME, and equity options.

Energy derivatives trader vs floor trader overview

Energy Derivatives TraderFloor Trader
Yearly salary$117,470$102,024
Hourly rate$56.48$49.05
Growth rate10%10%
Number of jobs3,12533,369
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 81%
Average age4343
Years of experience--

Energy derivatives trader vs floor trader salary

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

Energy Derivatives TraderFloor Trader
Average salary$117,470$102,024
Salary rangeBetween $69,000 And $197,000Between $59,000 And $174,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyMUFG EMEA-
Best paying industryAgriculture-

Differences between energy derivatives trader and floor trader education

There are a few differences between an energy derivatives trader and a floor trader in terms of educational background:

Energy Derivatives TraderFloor Trader
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 81%
Most common majorFinanceFinance
Most common college-University of Pennsylvania

Energy derivatives trader vs floor trader demographics

Here are the differences between energy derivatives traders' and floor traders' demographics:

Energy Derivatives TraderFloor Trader
Average age4343
Gender ratioMale, 92.6% Female, 7.4%Male, 94.8% Female, 5.2%
Race ratioBlack or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% 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 energy derivatives trader and floor trader duties and responsibilities

Energy derivatives trader example responsibilities.

  • Lead a team of four traders and two assistant traders in the CME silver options market.
  • Manage broking and trading teams, expanding customer base and successfully trading IPE and NYMEX energy option contracts.
  • Trade equity index futures and identify arbitrage opportunities in relate securities.
  • Full time investor primarily in equities, futures and their derivatives.
  • Make markets in various OTC trade options in combination with list options trade on the NYMEX.
  • Price options on equities, indexes, and ADR's-both list and OTC- for customers as well as professionals.
  • 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.

Energy derivatives trader vs floor trader skills

Common energy derivatives trader skills
  • Derivative, 22%
  • Futures Contracts, 7%
  • Interest Rates, 5%
  • P/L, 5%
  • Fixed Income, 4%
  • VBA, 4%
Common floor trader skills
  • Futures Markets, 31%
  • CME, 7%
  • Equity Options, 7%
  • NYSE, 6%
  • Futures Contracts, 6%
  • Manage Risk, 5%