Futures Trader ANZSCO Code: 222212
Group B
A Futures Trader executes buying and selling transactions of commodity futures for clients. They analyze market trends, economic indicators, and other factors to make informed trading decisions.
Occupation Descriptions
A Futures Trader handles the buying and selling of commodity futures for clients.
Occupations not considered suitable under this ANZSCO code:
- Financial Market Dealer
- Stockbroking Dealer
- Financial Dealers nec
- Financial Investment Adviser
- Financial Investment Manager
- Commodities Trader
- Finance Broker
- Insurance Broker
- Finance Managers
- Accountants
These occupations are classified differently in ANZSCO or do not meet the required skill level.
Futures Trader nec is a VETASSESS Group B occupation.
A qualification deemed equivalent to or higher than the educational requirements of an Australian Qualifications Framework (AQF) Bachelor’s degree is required for this position.
Applicants can fulfill the assessment criteria for this occupation in four different ways.
Additional qualifications in a highly relevant field of study include those comparable to the following levels:
- AQF Diploma
- AQF Advanced Diploma
- AQF Associate Degree
- or AQF Graduate Diploma
Those with a bachelor’s degree or above include:
- AQF Master’s Degree or
- AQF Doctoral Degree
duration of highly relevant paid work (20 hours or more per week)
1-3 minimum years of work in a highly relevant position for the specified field, finished five years before the application date for a skills assessment at the required skill level.
Four minimum years of relevant work experience are needed; these can be broken down into three years of relevant work (completed outside of the last five years) and at least one year of highly relevant work completed within the five years before application.
An applicant must have at least one year of highly relevant work at the required skill level within the last five years if employment occurs before attaining the certification at the requisite level. The final five years of pre-qualification could fall within the previous ten years.
A favorable result of the Skills Assessment is dependent upon a positive evaluation of the level of qualification and duration of employment.
Qualification and Employment Criteria
Qualification
AQF A bachelor’s degree or above
This includes credentials evaluated at the bachelor’s, master’s, and doctoral levels in the AQF. Majors in statistics, physics, engineering, mathematics, and information and communications technology may be eligible for a full skills assessment if the job is considered highly relevant and the applicant’s field of study is relevant to their position.
HIGHLY RELEVANT MAJOR FIELDS OF STUDY INCLUDE:
- Finance
- Business
- Commerce
- Accounting
- Economics
- Actuarial Studies
Employment
Highly relevant tasks include, but are not limited to:
- Acquiring data on securities, market dynamics, governmental laws, and customer financial situations.
- Analyzing information from stock quote viewer screens, financial magazines, and securities reports.
- Evaluating financial markets and their associated goods.
- Giving guidance and information on issues related to the financial markets, the market’s state, and the organizations’ past and future.
- Carrying out purchases and sales on behalf of customers in the marketplace.
- Providing clients with trade data, including the number of contracts purchased and sold and the prices.
- Supervising market movements and futures prices and placing bids on commodity futures contracts.
- Logging and sending orders for purchases and sales.
- Figuring out and documenting transaction expenses.
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Employment information
Financial contracts known as futures obligate the parties to exchange an asset at a specific future date and price. Futures traders must be registered or licensed to conduct transactions within a regulated market.
Rather than carrying out buy and sell orders in the marketplace on behalf of clients, roles primarily concerned with ongoing processing and transaction assistance are regarded as irrelevant.
Supporting material for assessment
When applying for a skills assessment, please provide enough documentation to back up your employment claims, qualifications, and identity proof. The VETASSESS website lists all the necessary paperwork in the Eligibility Criteria section.
You should submit copies of any applicable licenses, including those obtained abroad, even though the VETASSESS Skills Assessment for migration purposes differs from an assessment for licensing or registration purposes.
Furthermore, copies of any relevant awards, certificates, or other commendations are encouraged, as well as proof of membership in or affiliation with industry or professional associations.
Include information about any relevant professional development or training programs you have taken. The attached resume or curriculum vitae contains a detailed version of this.
How to apply
If you’re a professional considering moving to Australia, there’s a good chance you’ll need to undergo assessment by us. We evaluate 360 different professional occupations, assessing your skills, experience, and qualifications.
1. Find
Find the VETASSESS occupation that best matches your abilities and experience.
2. Match
Match your skills and experience to your chosen occupation.
3. Prepare
Get ready to apply by preparing all the information and documents you need.
4. Apply
Apply online when you’re ready. If you’re still unsure, skills assessment support is available when you need it.