commodity broker

Commodity brokers act as intermediary between buyers and sellers of movable and immovable property such as raw materials, livestock or real estate. They negotiate prices and receive a commission from the transactions. They research market conditions for specific commodities in order to inform their clients. They make bid offers and calculate the cost of transactions.

Alternative Labels

commodities broker

commodity dealer

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Narrower occupations

- shipbroker

- waste broker

Skills & Competences

Essential Skills and Competences

advise on financial matters analyse economic trends analyse energy market trends analyse financial risk analyse market financial trends apply technical communication skills negotiate sale of commodities negotiate with stakeholders perform financial risk management in international trade review investment portfolios

Essential Knowledge

commercial law economics financial markets international trade

Optional Skills and Competences

build business relationships communicate with banking professionals forecast economic trends handle financial transactions maintain records of financial transactions negotiate buying conditions negotiate price negotiate sales contracts operate financial instruments protect client interests provide financial product information trace financial transactions

Optional Knowledge

actuarial science banking activities financial forecasting financial jurisdiction financial products international commercial transactions rules modern portfolio theory statistics

Skills & Competences

Concept URI

Concept Uri

http://data.europa.eu/esco/occupation/2af80b12-a73a-4cc2-8af1-d26a1e60738d

Status

released

Occupations