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What does a trading assistant do?

Updated January 8, 2025
6 min read

A trading assistant is primarily in charge of performing support tasks for traders and participate in securing sales for a company. Their responsibilities typically revolve around liaising with clients through calls and correspondence to offer products and services, discussing specifications, negotiating billing plans, and processing payments. They must also assist traders by performing market research and analysis, preparing and processing documentation, arranging meetings and appointments, running errands, and resolving issues and concerns in adherence to the company's policies and regulations.

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Trading assistant responsibilities

Here are examples of responsibilities from real trading assistant resumes:

  • Manage the cross-book with various brokers, trying to get the best rates for ADR trades.
  • Ensure accurate communication between traders and stock markets and manage all derivative portfolios for internationally known trading corporation.
  • Maintain the day-to-day operations of multiple internal trade capture applications, including creating new securities and managing the various classifications.
  • Ensure reporting accuracy by preparing daily profit/loss spreadsheet for entire manage portfolio, including accrual of market positions initiate and liquidate.
  • Cash management and various reconciliations of the hedge fund's feeder and master funds.
  • Calculate daily P/L for hedge fund consisting of futures, equities, and foreign currencies.
  • Support the monthly NASD reporting process with back-office.
  • Ensure accuracy of DTCC credit event reporting to custody transaction reports.
  • Learned new skill sets for HVAC, electrical, carpentry and plumbing.
  • Assist steamfitters, plumbers, HVAC, electricians, carpenters, locksmiths.
  • Support on-going process, and develop excel and VBA tools for processes improvement.
  • Produce risk reports for weekly trader and analyst reviews and reconcile daily PNL.
  • Run daily risk report to monitor trades that will hit PNL for CDX.
  • Work with firm's compliance officer to ensure adherence to all FINRA regulations.
  • Implement interface with badge swipes and payroll reducing the amount of time working on payroll.

Trading assistant skills and personality traits

We calculated that 12% of Trading Assistants are proficient in Trade Shows, P/L, and Securities. They’re also known for soft skills such as Writing skills, Customer-service skills, and Detail oriented.

We break down the percentage of Trading Assistants that have these skills listed on their resume here:

  • Trade Shows, 12%

    Coordinated over one hundred ancillary meetings for citywide conventions, coordinating and implementing hundreds of exhibitors at citywide trade shows.

  • P/L, 7%

    Assisted finance dept with the daily P/L check and investigated all issues.

  • Securities, 7%

    Exploited market anomalies for arbitrage opportunities and initiated a written proposal to execute duration matched arbitrage in mortgage-backed securities market.

  • Portfolio, 6%

    Ensured reporting accuracy by preparing daily profit/loss spreadsheet for entire managed portfolio, including accrual of market positions initiated and liquidated.

  • Bloomberg, 6%

    Analyze declared dividends as reported in Bloomberg to follow client specifications and notify traders about possible income opportunities.

  • Fixed Income, 5%

    Educated Investment Executives on a range of fixed income products; analyzed and evaluated products for appropriate investor suitability standards.

"trade shows," "p/l," and "securities" are among the most common skills that trading assistants use at work. You can find even more trading assistant responsibilities below, including:

Writing skills. To carry out their duties, the most important skill for a trading assistant to have is writing skills. Their role and responsibilities require that "secretaries and administrative assistants write memos and emails when communicating with managers, employees, and customers." Trading assistants often use writing skills in their day-to-day job, as shown by this real resume: "provided writing on international trade and regulatory issues involving trade negotiations. "

Most common trading assistant skills

The three companies that hire the most trading assistants are:

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Compare different trading assistants

Trading assistant vs. Sales administrator/administrative assistant

A sales administrator/administrative assistant is responsible for assisting the sales department on its overall operations and strategies to sell goods and services that would increase the company's revenues and profitability. Sales administrator/administrative assistants perform administrative and clerical duties as needed, such as creating and evaluating sales reports, writing business proposals, scheduling meetings, booking events, and researching current market trends to identify business opportunities. They must have excellent customer service and communication skills, managing customers' inquiries and concerns, processing orders and payments, and ensuring customer satisfaction.

We looked at the average trading assistant salary and compared it with the wages of a sales administrator/administrative assistant. Generally speaking, sales administrator/administrative assistants are paid $65,203 lower than trading assistants per year.While their salaries may differ, the common ground between trading assistants and sales administrator/administrative assistants are a few of the skills required in each roleacirc;euro;trade;s responsibilities. In both careers, employee duties involve skills like trade shows, customer accounts, and customer orders.

There are some key differences in the responsibilities of each position. For example, trading assistant responsibilities require skills like "p/l," "securities," "portfolio," and "bloomberg." Meanwhile a typical sales administrator/administrative assistant has skills in areas such as "reservations," "word processing," "data entry," and "phone calls." This difference in skills reveals the differences in what each career does.

Sales administrator/administrative assistants earn the highest salaries when working in the technology industry, with an average yearly salary of $38,086. On the other hand, trading assistants are paid more in the finance industry with an average salary of $110,070.The education levels that sales administrator/administrative assistants earn slightly differ from trading assistants. In particular, sales administrator/administrative assistants are 4.5% less likely to graduate with a Master's Degree than a trading assistant. Additionally, they're 0.3% less likely to earn a Doctoral Degree.

Trading assistant vs. Front desk administrative assistant

A front desk administrative assistant is responsible for performing administrative duties to support daily business functions and operations. Front desk administrative assistants assist guests, respond to their inquiries and concerns, and direct them to the appropriate personnel for their needs. They also monitor office inventories, write purchase requests, and distribute mails across the departments. A front desk administrative assistants review business and financial transactions to generate reports, update information on the company's database, and sort documents for reference.

On average, front desk administrative assistants earn a $68,608 lower salary than trading assistants a year.A few skills overlap for trading assistants and front desk administrative assistants. Resumes from both professions show that the duties of each career rely on skills like "expense reports," "powerpoint," and "travel arrangements. "

In addition to the difference in salary, there are some other key differences worth noting. For example, trading assistant responsibilities are more likely to require skills like "trade shows," "p/l," "securities," and "portfolio." Meanwhile, a front desk administrative assistant has duties that require skills in areas such as "customer service," "patients," "data entry," and "phone calls." These differences highlight just how different the day-to-day in each role looks.

Front desk administrative assistants earn a lower average salary than trading assistants. But front desk administrative assistants earn the highest pay in the professional industry, with an average salary of $34,812. Additionally, trading assistants earn the highest salaries in the finance with average pay of $110,070 annually.Average education levels between the two professions vary. Front desk administrative assistants tend to reach lower levels of education than trading assistants. In fact, they're 5.1% less likely to graduate with a Master's Degree and 0.3% less likely to earn a Doctoral Degree.

Trading assistant vs. Administrative assistant/technical

An administrative assistant/technical is primarily responsible for performing clerical and support tasks in a company, ensuring efficiency and timeliness. They must produce progress reports, process documentation, receive communication letters, manage schedules, and even greet visitors. There are also instances when an administrative assistant/technical has to answer calls and correspondence, respond to inquiries, address issues and concerns, and resolve them promptly and professionally. Furthermore, it is essential to maintain records of all transactions, coordinate with different departments, and adhere to the company's policies and regulations.

On average scale, administrative assistant/technicals bring in lower salaries than trading assistants. In fact, they earn a $59,104 lower salary per year.trading assistants and administrative assistant/technicals both have job responsibilities that require similar skill sets. These similarities include skills such as "expense reports," "powerpoint," and "travel arrangements," but they differ when it comes to other required skills.

The required skills of the two careers differ considerably. For example, trading assistants are more likely to have skills like "trade shows," "p/l," "securities," and "portfolio." But a administrative assistant/technical is more likely to have skills like "patients," "data entry," "access database," and "purchase orders."

Administrative assistant/technicals earn the highest salary when working in the manufacturing industry, where they receive an average salary of $42,925. Comparatively, trading assistants have the highest earning potential in the finance industry, with an average salary of $110,070.When it comes to education, administrative assistant/technicals tend to earn similar degree levels compared to trading assistants. In fact, they're 3.7% less likely to earn a Master's Degree, and 0.3% less likely to graduate with a Doctoral Degree.

Trading assistant vs. Administrative assistant/scheduler

Administrative assistants/schedulers schedule company appointments and meetings, answer phone calls, and forward them to relevant staff members. They take meeting minutes and notes, order and take office supplies stock, and prepare documents for business trips and meetings. Besides finding methods to enhance administrative processes, administrative assistants/schedulers also help senior staff or other teams to write and issue emails to team members and company departments. Moreover, these professionals research and book the staff's travel arrangements.

Administrative assistant/schedulers tend to earn a lower pay than trading assistants by an average of $63,621 per year.According to resumes from trading assistants and administrative assistant/schedulers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "expense reports," "powerpoint," and "travel arrangements. "Each job also requires different skills to carry out their responsibilities. A trading assistant uses "trade shows," "p/l," "securities," and "portfolio." Administrative assistant/schedulers are more likely to have duties that require skills in "customer service," "administrative tasks," "patients," and "hr. "administrative assistant/schedulers enjoy the best pay in the construction industry, with an average salary of $39,696. For comparison, trading assistants earn the highest salary in the finance industry.administrative assistant/schedulers reach similar levels of education compared to trading assistants, in general. The difference is that they're 4.5% more likely to earn a Master's Degree, and 0.4% less likely to graduate with a Doctoral Degree.

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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