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Options trader vs commodity broker

The differences between options traders and commodity brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an options trader has an average salary of $110,139, which is higher than the $63,317 average annual salary of a commodity broker.

The top three skills for an options trader include FX, stock options and equities. The most important skills for a commodity broker are commodities, market analysis, and risk management.

Options trader vs commodity broker overview

Options TraderCommodity Broker
Yearly salary$110,139$63,317
Hourly rate$52.95$30.44
Growth rate10%10%
Number of jobs1,4331,937
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 77%
Average age4343
Years of experience--

Options trader vs commodity broker salary

Options traders and commodity brokers have different pay scales, as shown below.

Options TraderCommodity Broker
Average salary$110,139$63,317
Salary rangeBetween $65,000 And $185,000Between $39,000 And $102,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyThe CitadelICAP
Best paying industryFinanceFinance

Differences between options trader and commodity broker education

There are a few differences between an options trader and a commodity broker in terms of educational background:

Options TraderCommodity Broker
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 77%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Options trader vs commodity broker demographics

Here are the differences between options traders' and commodity brokers' demographics:

Options TraderCommodity Broker
Average age4343
Gender ratioMale, 90.8% Female, 9.2%Male, 82.6% Female, 17.4%
Race ratioBlack or African American, 5.4% 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, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 9.8% White, 68.2% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between options trader and commodity broker duties and responsibilities

Options trader example responsibilities.

  • Enact, and manage equity block desk operation and set up floor broker network on NYSE.
  • Create VBA applications to automate basic trading functions and administration functions such as reorganization tenders and trade pricing issues.
  • Manage business, sales, marketing, international negotiation and communication for a commodities business.
  • Trade options profitably on screen markets and trade complex option spreads via telephone brokers at the CBOE and CME.
  • Experience in communicating and executing derivative arbitrage opportunities, as well as communicating and executing trades fitting against an option position.
  • Research the SPX, DOW, and NASDAQ.
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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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Options trader vs commodity broker skills

Common options trader skills
  • FX, 32%
  • Stock Options, 17%
  • Equities, 11%
  • Stock Market, 5%
  • Risk Management Strategies, 3%
  • Equity Options, 3%
Common commodity broker skills
  • Commodities, 17%
  • Market Analysis, 8%
  • Risk Management, 5%
  • Technical Analysis, 4%
  • Client Accounts, 4%
  • NFA, 4%