Banking & Financial Services
Financial Markets Broker/Dealer
Financial markets brokers / dealers conduct financial market transactions for clients.
What does a Financial Markets Broker/Dealer do?
Financial markets brokers / dealers conduct financial market transactions for clients. They advise individuals about investments, advise companies in search of investors, and conduct trades in securities.
Financial markets brokers or dealers may perform the following tasks:
- monitor information on individual stocks and securities, market conditions, and government regulations
- buy or sell securities, such as stocks or bonds, on behalf of clients
- record orders and calculate and record transaction costs
- advise clients on appropriate investments
- monitor clients’ financial circumstances
- contact prospective clients to present information and explain available services.
Key skills and interests
To become a financial markets broker or dealer, you would need:
- good communication and relationship-building skills
- the ability to make calculations quickly and accurately
- strong IT skills
- the ability to work independently and under pressure
- an aptitude for research.
Working hours and conditions
Financial market brokers or dealers often work more than 40 hours per week.
Financial markets brokers or dealers work in financial services environments that are often stressful.
How to become an Financial Markets Broker/Dealer?
Entry Level Education
To become a financial markets broker / dealer you usually have to complete a degree in commerce, accounting, finance, economics or actuarial studies at university.
To get into these courses you usually need to gain your senior secondary school certificate or equivalent. English and maths would be appropriate subjects to study prior to university.
You will need to be licensed and registered in order to work in this field. In order to be licensed, you must meet the training requirements administered by the Australian Securities and Investments Commission (ASIC).
Employment of financial markets brokers or dealers is expected to remain steady.
All types of financial dealing firms are increasingly using technology and online services to record and carry out financial transactions on behalf of customers. However, a growing number of individuals, self-managed super funds and companies have financial and equities investments, which will continue to create opportunities in broking and financial dealing firms.