What does a Sales Trader do?
Published 3 min read
A sales trader is responsible for executing trades on behalf of their clients. They work with clients to understand their investment goals and then find opportunities in the market to buy or sell securities that will help them reach those goals. Sales traders must have a deep understanding of the financial markets and be able to quickly execute trades without incurring too much risk.
Sales Trader job duties include:
- Act as liaison between sales and trading desk
- Monitor and execute trades
- Provide market color to sales desk
- Keep abreast of market developments
- Generate trade ideas for clients
- Maintain relationships with clients
- Handle customer inquiries
- Monitor client portfolios
- Prepare sales reports
Sales Trader Job Requirements
A sales trader is a professional who buys and sells securities on behalf of their firm or clients. They are responsible for executing trades, managing portfolios, and providing market analysis. In order to be a sales trader, one must have a bachelor's degree in finance or a related field. Certification is not required, but it may give an individual an edge in the job market. Experience is also beneficial, as sales traders need to have a strong understanding of the financial markets.
Sales Trader Skills
- Strong analytical and quantitative skills
- Excellent verbal and written communication skills
- Ability to work independently and as part of a team
- Strong attention to detail
- Ability to multitask and prioritize in a fast-paced environment
- Strong organizational skills
- Knowledge of financial markets and products
- Familiarity with trading platforms and order management systems
- Experience working with Bloomberg Terminal
- CFA or other relevant designation preferred
Related: Top Sales Trader Skills: Definition and Examples
How to become a Sales Trader
A sales trader is a professional who buys and sells securities on behalf of their firm or clients. They are responsible for executing trades, managing client portfolios, and providing market analysis. Sales traders must have a thorough understanding of the securities market, be able to quickly assess opportunities and risks, and have strong communication and negotiation skills.
To become a sales trader, you will need to complete a bachelor’s degree in business, economics, finance, or a related field. Many sales traders also have a master’s degree in business administration (MBA) or a chartered financial analyst (CFA) designation. After completing your education, you will need to obtain a position at a broker-dealer firm or an investment bank. Once you have gained some experience, you may be able to move into a more senior role such as head of trading or trading desk manager.
Related: Sales Trader Resume Example
Related: Sales Trader Interview Questions (With Example Answers)