Options trader vs floor trader

Differences between options trader and floor trader 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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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.