Que es un trader de commodities
A commodity is any tradable product and usually refers to agricultural goods such as wheat and cocoa, energy products like coal, natural gas and crude oil, and metals like aluminum and copper. Commodities trading houses deal in the raw materials themselves, including production, storage and distribution. Investment banks typically get involved in the creation and trading of commodity derivative products, which are financial products structured around these physical goods, such as commodity futures and swaps.
These products can enable commodity producers, like cocoa farmers or coal miners, and users of commodities like chocolate manufacturers and power companies to hedge the risk of commodity price movements adversely affecting their profits. Commodities traders usually focus on one product type. They buy and sell commodities or commodity derivatives on behalf of their employer, which could be a bank or a commodities trading house.
Trading decisions are informed through careful and frequent market analysis, which may be supported by one or more junior analysts. Sales positions are common within investment banks, and involve building relationships with clients. This role requires the ability to analyse and understand the market, excellent communication skills and the ability to write and deliver presentations and sales pitches.
An example might be for an airline to hedge the cost of its jet fuel for the next five years, and the structurer might be an employee of an investment bank.. As this often involves bespoke products, the requirements can be highly quantitative , with even junior positions requiring a Master's degree in a maths based subject area.
Our terms and conditions have been updated; click here to read them. When executing trades on behalf of a client in exchange for a commission he is acting in the role of a broker.
When trading on behalf of his own account, or for the account of his employer, he is acting in the role of a trader. Floor trading is conducted in the pits of a commodity exchange via open outcry. A floor broker is different than a "floor trader" he or she also works on the floor of the exchange, makes trades as a principal for his or her own account. IBs do not actually hold customer funds to margin. They advise commodity pools and offer managed futures accounts.
CTAs exercise discretion over their clients' accounts, meaning that they have power of attorney to trade the clients account on his behalf according to the client's trading objectives. A CTA is generally the commodity equivalent to a financial advisor or mutual fund manager.
A commodity pool is essentially the commodity equivalent to a mutual fund. This is the commodity equivalent to a registered representative.