What does a Trader do?

Traders are responsible for buying and selling stocks, securities, and other financial instruments. They commonly work at financial services firms and investment banks. One of their most important obligations is to ensure total compliance with all federal regulations, industry standards, and other requirements. They work in close collaboration with advisors, asset managers, and other financial professionals. They perform daily reconciliations and create activity reports and other documentation. They perform many of their daily tasks using trading platforms and investment software programs.

Traders typically have a bachelor’s degree in finance, accounting, or a related business field. They must have an in-depth understanding of trading policies, tactics, and regulations. Extensive knowledge of financial instruments is required. A variety of financial licenses are generally mandated. Proficiency with trading platforms and software programs is helpful.

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Average Years of Experience

0 - 1
4%
2 - 4
13%
5 - 7
3%
8+
80%

Common Skill Sets

Programmatic
Excellent Communication
Derivatives
Mechanical Drawing
Negotiation
Methodology
Retargeting
Microsoft Office Suite

Trader Seniority Levels

L2
Trader
CA$71,624/yr
L3
Senior Trader
CA$94,531/yr
L4
Lead Trader
CA$92,142/yr
Portfolio Manager
13% made the transition
Investment Banking Analyst
32% made the transition
See Career Path

Trader Salaries

Average Base Pay

CA$71,624 /yr
Same as national average
Not including cash compensation
See More Insights
CA$38k
Median: CA$72k
CA$133k
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Glassdoor Estimated Salary

Trader jobs

Trader Interviews